Business

Pharma

Govʼt ups financial incentive to lure Tesla mega-investment

The government is stepping up its efforts to make the country more attractive in the regional competition for a new...

Automotive

Regional cooperation on self-driving vehicle development

Hungary, Austria and Slovenia signed a memorandum of understanding on cooperation in the development of self-driving vehicles in Budapest on...

Telco

Konzum-Opus exchange ratio set at 2:1

The exchange ratio for the stock-for-stock merger of listed holding company Konzum with peer Opus Global has been set at...

Telco

Shareholders approve merger of Konzum, Opus

Shareholders of listed holding companies Opus Global and Konzum approved the proposal to merge Konzum into Opus at shareholdersʼ meetings...

Sustainability

K&H Bank books after-tax profit of HUF 57.8 bln in 2018

Consolidated after-tax profit of K&H Bank, the Hungarian unit of Belgiumʼs KBC, rose 38% to HUF 57.8 billion last year,...

Sustainability

Deloitte analyzes CEE banking, NPL, insurance sectors

A high level of M&A activity in the financial sector is accompanied by continuing opportunities on the market for non-performing...

Competition

Nine out of ten local CEOs expect revenue growth – PwC

Some 89% of Hungarian CEOs see their companiesʼ revenue growing in the next 12 months, compared to 82% globally, consulting...

Pharma

Franceʼs GMD to build HUF 14.5 bln vehicle parts plant

Franceʼs GMD group will build a HUF 14.5 billion vehicle parts plant in Dorog (northern Hungary), Minister of Foreign Affairs...

Competition

Austriaʼs startup300 to acquire majority stake in Be-novative

Austriaʼs startup300, an angel investor network and business accelerator for startups, said Wednesday it plans to acquire a 51% stake...

Retail

Premium-category products win Product of the Year awards

This year brought a breakthrough in premium-category and convenience products at the Product of the Year (POY) awards, according to...

Deals

Plotinus trades as Akko Invest from Wednesday

Listed holding company Plotinus will trade under the new name Akko Invest from Wednesday, state news agency MTI reported, citing...

Deals

Széchenyi Fund to invest HUF 70 bln up to 2022

The Széchenyi Venture Capital Fund (SZTA), an EU-supported investment fund established by the state to fund SMEs, will invest HUF...

Automotive

New passenger car registrations up 12.6% in February

New passenger car registrations increased 12.6% to 11,227 in Hungary in February from a year earlier, according to a report...

Industrial

Immofinanz occupancy rate hits record 96%

Regional commercial real estate firm Immofinanz announced that the occupancy rate of its standing investment portfolio climbed to 95.8% in...

Retail

Brave New World of Online Invoicing a Success, Experts Say

Launched last summer, Hungary’s online invoice reporting system has now been running for more than half a year – enough...

Industrial

Growing Predominance of BTS in Industrial Development

Analysts see fewer speculative industrial development project starts, while built-to-suit projects, particularly in regional hubs in the production sector, have...

Real Estate

Optimism on Stage, Reality in the Market: Is European Real Estate Really Recovering?

The recent Portfolio Property Investment Forum in Budapest and Expo Real in Munich offered two contrasting perspectives on the commercial...

Appointments

Hera Cuku Named Managing Director of Lilly Hungary

Eli Lilly has appointed Hera Cuku as managing director of Lilly Hungária Kft., bringing international leadership experience and a scientific...

Pharma

From Youth-led Ideas to Decision-Makers’ Table: A Day Revolving Around the Future of Hungarian Science and Healthcare

How can Hungary become a regional hub for clinical trials? Young physicians, researchers, and biotech innovators spent a morning tackling...

Business

Finding the Circularity Hotspot – The Latest Issue of the BBJ

Irén Márta, managing director of the Business Council for Sustainable Development in Hungary, says “circularity has outgrown its role as...

Industrial

PSS Expands Hungarian Capacity Serving BMW, Mercedes and Others

Premium Sound Solutions is expanding its Hungarian manufacturing footprint with a new purpose-built plant at LogStar Park Fehérvár in Szabadbattyán...

Growing Predominance of BTS in Industrial Development

Analysts see fewer speculative industrial development project starts, while built-to-suit projects, particularly in regional hubs in the production sector, have...

Netlock Appoints George Tilesch to Lead AI and Global Strategy

Hungarian digital trust services provider Netlock has appointed Hungarian-American AI expert Dr. George Tilesch to its senior leadership team, effective...

Optimism on Stage, Reality in the Market: Is European Real Estate Really Recovering?

The recent Portfolio Property Investment Forum in Budapest and Expo Real in Munich offered two contrasting perspectives on the commercial...

Futureal Acquires Hungary’s Largest Outlet Center

Futureal has acquired Premier Outlet Budapest, Hungary’s largest outlet center, as it expands its Hungarian operations into direct investment in...

Revolut Links Service Disruption to Google Cloud Outage

Revolut has attributed its Oct. 20 service disruption to a Google Cloud outage, telling customers that normal operations were restored...

Serbia Says MOL Deal for NIS Stake Signed; MOL Reports No Disclosure Update

A contract for MOL’s acquisition of a stake in Serbian oil and gas company NIS from Russia’s Gazprom Neft has...

Citi Appoints Zoltán Schwardy as Country Officer and Banking Head for Hungary

Citi has announced the appointment of Zoltán Schwardy as Citi country officer (CCO) and banking head for Hungary, effective Sept....

Budapest Office Vacancy Rises to 13.1% as Leasing Demand Falls Year-on-Year

Budapest’s office vacancy rate rose to 13.1% in the third quarter of 2026, while total leasing demand fell 9% year-on-year,...

Hera Cuku Named Managing Director of Lilly Hungary

Eli Lilly has appointed Hera Cuku as managing director of Lilly Hungária Kft., bringing international leadership experience and a scientific...

Revolut Users Report Disruptions to Payments, Transfers and Currency Exchange

Revolut users experienced problems with several services on Tuesday morning, including card payments, transfers and currency exchange, Hungarian fintech portal...

From Youth-led Ideas to Decision-Makers’ Table: A Day Revolving Around the Future of Hungarian Science and Healthcare

How can Hungary become a regional hub for clinical trials? Young physicians, researchers, and biotech innovators spent a morning tackling...

Finding the Circularity Hotspot – The Latest Issue of the BBJ

Irén Márta, managing director of the Business Council for Sustainable Development in Hungary, says “circularity has outgrown its role as...

Hungary Among EU’s Most Expensive Countries for Mobile Services

A European Commission study comparing 2024 consumer telecom prices across the EU found that Hungary is among the most expensive...

PSS Expands Hungarian Capacity Serving BMW, Mercedes and Others

Premium Sound Solutions is expanding its Hungarian manufacturing footprint with a new purpose-built plant at LogStar Park Fehérvár in Szabadbattyán...

Wizz Air Enters Winter With Fuel Hedges and Record Summer Traffic

Discount airline Wizz Air is preparing for winter with more than EUR 2.2 billion in liquidity and fuel hedges covering...