Business

Retail

U.S. Startup Learning From Design Terminal Mentoring Program

Boston-based startup Socialmap decided to join a mentoring program in Hungary by Design Terminal to gain experience and exposure in...

Telco

FAG inaugurates bearings factory in Debrecen

FAG Hungary, the local unit of Germanyʼs Schaeffler Group, has inaugurated a HUF 25 billion bearings factory in Debrecen, eastern...

Automotive

Industrial Output Disappoints in November

Following a rebound in October, the volume of Hungary’s industrial production dropped again in November, disappointing analysts who are now...

Deals

Getting to Grips with 2019

Competition

Digitalization may help efficiency, avoid decelerating growth

Improving efficiency via digitalization may offset negative factors such as the drying up of EU funding, and may prevent a...

Deals

Audi Hungaria union forms strike committee

The Audi Hungaria Independent Trade Union (AHFSZ) has formed a strike committee after failing to reach an agreement on wage...

Deals

IKEA Hungary turnover climbs more than 23%

IKEA Hungaryʼs net revenues rose 23.3% to HUF 75.5 billion in its business year ending August 31, 2018, the Swedish...

Pharma

Ceva-Phylaxia to build HUF 8.2 bln animal vaccine base

French-owned veterinary health company Ceva-Phylaxia Oltóanyagtermelő will spend some HUF 8.2 billion to build a vaccine plant and R&D base...

Construction

Construction sector output jumps 27.3% in November

Output of Hungaryʼs construction sector climbed 27.3% year-on-year in November, according to raw data released by the Central Statistical Office...

Incubators

Application open for Design Terminalʼs spring mentor program

Design Terminal has announced the opening of the application process for its spring mentoring program, looking for startups that are...

Sustainability

Futureal sells Kaiserslautern apartment portfolio

Hungarian-owned CEE real estate developer the Futureal Group is selling its residential portfolio in Kaiserslautern, SW Germany, to a Switzerland-listed...

Deals

László Szíjj secures 32.9% stake in MKB Bank

László Szíjj, the owner of construction company Duna Aszfalt, has acquired a 32.9% stake in MKB Bank that was indirectly...

Transport

Wizz Air announces 8 new routes from Macedonia

As of March and July this year, low-cost airline Wizz Air will start operating eight new routes from Macedonia’s capital...

Telco

Banking sector liquidity up, 3-month depos phased out in Dec

Forint liquidity of Hungaryʼs banking sector rose in December 2018 from a month earlier, which was mainly reflected in the...

Sustainability

Cordia takes HUF 16.3 bln loans for residential projects

Futureal Groupʼs residential developer Cordia has announced the conclusion of loans worth HUF 16.3 billion with OTP Bank and Takarékbank,...

Office Market

Ready When You Are: Rethinking the Office Around the Tenant

Occupiers no longer lease floor area; they buy a working environment. In a tighter economic climate, the landlords that win...

Retail

Aldi Hungary Challenges HUF 123 mln Fine Over Advertising Claims

Aldi Magyarország is seeking a court review of a Hungarian Competition Authority (GVH) decision fining it HUF 123 mln for...

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...

Ready When You Are: Rethinking the Office Around the Tenant

Occupiers no longer lease floor area; they buy a working environment. In a tighter economic climate, the landlords that win...

Aldi Hungary Challenges HUF 123 mln Fine Over Advertising Claims

Aldi Magyarország is seeking a court review of a Hungarian Competition Authority (GVH) decision fining it HUF 123 mln for...

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...