Business

Pharma

BP Szeged SSC headcount approaching 500

The headcount of BPʼs shared services facility in Szeged, southern Hungary, is closing in on the landmark number of 500,...

Deals

Investment fundsʼ net asset value up 5% in 2018

Net asset value (NAV) of investment funds in Hungary rose 5% to total some HUF 6.932 trillion in the twelve...

Logistics

Business confidence down, consumer confidence up in February

Economic research institute GKIʼs Economic Sentiment Index, its combined gauge of consumer and business confidence, fell by 0.4 of a...

Transport

Ticket sales for direct Shanghai-Budapest flights start in June

Sales of tickets for direct flights between Budapest and Shanghai are set to start on June 7, marking a milestone...

Telco

MOL Q4 profit rise modest, but beats expectations

Fourth-quarter net income of Hungarian oil and gas company MOL edged up 2% year-on-year to HUF 78 billion, an earnings...

Deals

New WestEnd Property Management general manager named

Gránit Pólus Group has announced the appointment of Simona Ioana Ion as general manager of WestEnd Property Management Ltd., according...

Pharma

Lufthansa Technik to set up repair plant in Miskolc

Germanyʼs Lufthansa Technik, a provider of maintenance, repair, and overhaul (MRO) services for aircraft, will set up a HUF 43...

Telco

General govʼt January surplus confirmed

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 244.5 billion surplus at the end of January, the...

Telco

Double-digit earnings growth sustained through 2018

In December 2018, average gross earnings amounted to HUF 360,000, some 10.2% higher than in December 2017. In the whole...

Telco

Construction industry pushes for earlier funding payouts

Construction industry association EVOSZ is urging the government to make funding for investments at SMEs available sooner, association chairman László...

Deals

Hungary posts 3rd highest growth in Chinese tourist arrivals

The EU remains an attractive destination for Chinese tourists, and while the U.K. is still the most popular looking at...

Incubators

Application for Design Terminal mentoring program closes

The application period for Design Terminalʼs spring 2019 startup mentoring program ended on February 18, attracting applicants from countries as...

Telco

Higher revenue, HQ sale lift Magyar Telekom profit

Fourth-quarter after-tax profit of Magyar Telekom (MTel) rose 49% year-on-year to HUF 7.7 billion, supported by higher sales and one-off...

Retail

Ráth Villa, Budapest’s Shrine to Hungarian Art Nouveau

David Holzer embarks on a pilgrimage to discover the differences between Szecesszió and Art Nouveau....

Ecosystem

Nobel laureates to attend personalized medicine conference in Croatia

The International Society for Applied Biological Sciences (ISABS), the Mayo Clinic and St. Catherine Hospital have announced the 11th ISABS...

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...

Geely Leads Interest in Chinese Car Brands Newly Launched in Hungary

Geely attracted the most interest among Chinese car brands entering Hungary this year, according to January-September data from used car...

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...