Business

Transport

Wizz Air passenger numbers up almost 20% in 2018

Hungarian budget airline Wizz Airʼs booked passenger numbers climbed 19.6% to over 33.8 million in the 12 months to the...

Automotive

New car sales up almost 18% in 2018; similar expected in 2019

New passenger car sales in Hungary rose 17.5% to 136,601 last year, according to data from Carinfo.hu cited by state...

Pharma

Ádám Urbán’s exhibition ‘Chance’ in Capa Center

The Robert Capa Contemporary Photography Center is showcasing works by photographer Ádám Urbán taken in Aszód Juvenile Detention Center, according...

Competition

Mobile phone subscription numbers slightly down in Q3 2018

There were 11.75 million mobile phone subscriptions in Hungary at the end of the third quarter of 2018, some 86,000...

Telco

General govʼt runs 0.4%-of-GDP deficit in Q1-Q3

The deficit of the general government sector in the first three quarters of 2018 was HUF 110 billion, representing 0.4%...

Office Market

Vanessa Research moves to larger Budapest office

Medical research firm Vanessa Research Inc. (VRI) has moved its Hungarian office to the penthouse of the Pávaház Office Building...

Telco

Mészáros becomes richest Hungarian

Government-connected oligarch Lőrinc Mészáros tops Forbesʼ latest list of the 50 richest Hungarians with total assets amounting to HUF 381.3...

Incubators

New Day One Capital fund backs CEE startups

Independent venture capital firm and tech investor Day One Capital, based in Budapest, is launching a new fund to back...

Deals

INA to concentrate refining in Rijeka

Croatian oil and gas concern INA, a unit of Hungarian peer MOL, which also exercises management rights, will concentrate refining...

Competition

Sziget donates six signed guitars to Superar Hungary

This holiday season, Sziget has donated six signed guitars by #SZIGET2018 performers to Superar Hungary, in order to support the...

Telco

Tourism Agency announces HUF 40 bln of developments

Zoltán Guller, CEO of the Hungarian Tourism Agency (MTÜ), announced tourism programs worth HUF 40 billion in four prioritized areas...

Telco

Govʼt earmarks HUF 53 bln for cycle path developments

Hungaryʼs government has earmarked almost HUF 53 billion in funding for the development of bicycle paths in 2018-2021, says a...

Pharma

New tender to be called for Budapest-Belgrade rail upgrade

Hungaryʼs government will call a new tender for the upgrade of the Hungarian stretch of the Budapest-Belgrade railway line because...

Telco

Wage growth 10.8% in October

Gross wage growth in Hungary climbed 10.8% year-on-year in October, the Central Statistical Office (KSH) said on Thursday. In absolute...

Retail

Penny Market offers donations to children with tumors

In recent years, German discount store chain Penny Market has supported the Együtt a Daganatos Gyerekekért (Together for Children with...

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...