Business

Deals

Mátrai Erőmű books after-tax loss but pre-tax profit in 2018

Mátrai Erőmű, which operates Hungaryʼs second biggest power plant, booked a HUF 817 million loss last year because of a...

Construction

Construction output up 17.5% in December, 22.3% in 2018

The volume of construction output, based on raw data released by the Central Statistical Office (KSH), was 17.5% higher in...

Sustainability

Average panel flat price in capital up HUF 5 mln in a year

The year 2019 on the real estate market started with strong demand, with prices of apartments in communist-era prefab blocks...

Telco

Hell Energy completes HUF 30 bln capacity expansion

Soft drink maker Hell Energy finished the final phase of a HUF 30 billion investment project at its base in...

Deals

HB Reavis enters German market

Regional real estate development company HB Reavis has announced its entry to the German market by acquiring two strategically important...

Pharma

Śnieżka acquires 80% of Poli-Farbe

Polish paint maker FFiL Śnieżka has agreed to acquire an 80% stake in Hungarian peer Poli-Farbe within the framework of...

Pharma

Richter, Allergan expand Levosert distribution, supply agreement

Hungarian drugmaker Gedeon Richter has announced entering into a distribution and supply agreement with a wholly owned subsidiary of Allergan...

Deals

Mazars names CEE head of business development

Audit, accounting and consulting group Mazars has announced the appointment of András Bagyura as head of business development in the...

Telco

Orbán reveals radical family support package

Prime Minister Viktor Orbán unveiled a package of measures to support families with children at his annual state of the...

Telco

General govʼt closes January with budget surplus

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

Sustainability

Over 50% of Budapest home purchases made for investment

The ratio of those buying a home in Budapest for investment purposes exceeded 50% in the past two months, listed...

Pharma

Room for improvement in holiday e-tail – eNET

While both the Black Friday and Christmas shopping periods in 2018 could be considered commercially successful, there is still room...

Retail

Energy sector has less than 5 years to transform – PwC

Less than five years are available for the energy sector to prepare for market changes generated by technological development and...

Automotive

Industrial production up 3.6% y-o-y in 2018

In December 2018, the volume of industrial output grew by 5.4% year-on-year, according to a first estimate of monthly data...

Telco

Richter rebounds from Esmya losses in Q4

Hungarian drugmaker Gedeon Richter on Thursday reported a net loss of HUF 16.4 billion in the fourth quarter of 2018,...

Real Estate

Shopping Development Dominated by Refurbishment and Retail Parks

Shopping center development remains constrained across Hungary and the CEE region given concerns about the economic environment, spending power, and...

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...

Shopping Development Dominated by Refurbishment and Retail Parks

Shopping center development remains constrained across Hungary and the CEE region given concerns about the economic environment, spending power, and...

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...