Business

Office Market

White House Gains LEED ‘Platinum’ Accreditation

The White House by GTC has become the second Budapest office development after Skanska’s Green House to be awarded LEED...

Automotive

Europ Assistance helps 6,000 stranded motorists

In the past two months alone, almost 6,000 stranded motorists received roadside assistance from Europ Assistance Hungary, according to a...

Telco

Corporate lending stock falls in December

The corporate lending stock of Hungarian banks fell in December from the previous month on net repayments and revaluations, fresh...

Competition

MNB joins Global Financial Innovation Network

The National Bank of Hungary (MNB) has opened a platform for consultation for innovative FinTech firms and established a regulatory...

Ecosystem

Tungsram enters Europeʼs elite innovation club

Hungarian lighting company Tungsram has signed a cooperation agreement with leading European digital transformation organization EIT Digital, the company has...

Deals

AEW enters Hungarian market with EUR 18 mln acquisition

One of the worldʼs largest real estate investment managers, AEW has announced its first acquisition in Hungary, a retail-led asset...

Pharma

Diehl Aviation inaugurates engineering service center

German aircraft parts manufacturer Diehl Aviation inaugurated a HUF 2.8 billion engineering and service center in Debrecen (E Hungary) on...

Transport

Wizz Air net profit dives in Q3, but guidance unchanged

Hungarian low-cost airline Wizz Air had net profit of EUR 1.7 million in the third quarter of its business year...

Interview

MNB keeps main rate unchanged

In line with the market consensus, the Monetary Council of the National Bank of Hungary (MNB) did not modify either...

Industrial

Neighborhood Price Index reveals expensive Budapest rents

According to the Neighborhood Price Index 2019 by Nestpick, a worldwide aggregator website for furnished apartments, a monthly salary as...

Competition

Hungary near bottom in region on TI Corruption Index

The 2018 Corruption Perceptions Index (CPI), released today by Transparency International (TI), reveals a continued failure of most countries to...

Retail

Toy store chain Regio Játék closes strong 2018

In 2018, toys and games retail chain Regio Játék achieved a 25% market share with a 16% growth in turnover,...

Pharma

State gets 20% stake in Ózd Steelworks for EUR 30 mln

The state of Hungary has acquired a 20% stake in Ózd Steelworks (some 160 km northeast of the capital) from...

Telco

ÁKK to add short-term security, pension bond to retail mix

Hungaryʼs Government Debt Management Agency (ÁKK) plans to expand its product palette with a short-term retail security, as well as...

Deals

Orbán meets IIB chairman in Budapest

Prime Minister Viktor Orbán held talks with Nikolay Kosov, chairman of the Moscow-based International Investment Bank (IIB), in Budapest on...

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...