Business

Competition

CEE, Hungary a few steps behind in blockchain tech: Deloitte

The majority of company leaders say that the utilization of blockchain technology in business provides a clear competitive edge, yet...

Automotive

Nestlé Romania to close plant, move production to Hungary

Nestlé Romania  has announced that it will start procedures to close down its production unit in Timisoara by May 2019,...

Deals

SEE Property Forum 2019 to be held in Bucharest

This yearʼs SEE Property Forum will be held in Radisson Blue Hotel Bucharest, Romania between March 20-21 with more than...

Ecosystem

MOL signs cooperation agreement with BME

The Budapest University of Technology and Economics (BME) and Hungarian oil and gas giant MOL concluded a strategic agreement on...

Deals

Bem cinema screens ‘Leaving Las Vegas’

Directed by Mike Figgis, and starring Nicolas Cage, “Leaving Las Vegas” is on the screen in Bem cinema with English...

Interview

Romania reinserts provisions on food double standards into trade package

Acting on the impetus of the Visegrád Group, Romania, which took over the rotating presidency of the Council of the...

Deals

Croatia drafts legislation eliminating stateʼs stakeholder privileges in INA

Croatiaʼs government has drafted amendments to the countryʼs Privatization Act that would eliminate the stateʼs special ownership rights in Croatian...

Telco

Mahart orders boats worth HUF 1.5 bln from Nicols

State-owned Hungarian passenger shipping company Mahart has acquired 20 boats from French company Nicols for HUF 1.5 billion in a...

Automotive

Industrial production increases by 4% in November y.o.y.

The volume of industrial output increased by 4% year-on-year in November 2018. Based on working-day adjusted data, production grew by...

Deals

CE venture capital market ʼcarefully optimisticʼ, says Deloitte

According to Deloitteʼs latest survey about Central European venture capital confidence, while the market is still going strong, the pace...

Telco

VAT revenue climbs more than HUF 400bln in 2018

Revenue from VAT rose HUF 403 billion last year, an increase supported by the introduction of mandatory electronic invoicing mid-year,...

Sustainability

Retail lending up in November; home loans slightly down

The retail lending stock of Hungarian banks stood at HUF 6.144 trillion in November 2018, up HUF 32.5 bln from...

Telco

Corporate lending by Hungarian banks up in November

The corporate lending stock of Hungarian banks rose in November from the previous month mainly due to transactions, show fresh...

Automotive

Ford sales up 20% in 2018

Sales of U.S. carmaker Ford in Hungary were up 20% in 2018 compared to 2017 and the company expects sales...

Deals

CA Immo sells Dunacenter to Indotek Group

CA Immo has announced the sale of its 16,500 square-meter Dunacenter shopping mall development in Győr to the Indotek Group,...

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...