Business

Automotive

Age of vehicles in Hungary continues to rise

In spite of a marked increase in new vehicle sales, the average age of vehicles on Hungarian roads continued to...

Office Market

Skanska Sells Mill Park

Skanska Property has sold its dual-phased, 36,000 sqm Mill Park development to Hungary’s Erste Alapkezelő, a subsidiary of Erste Asset...

Sustainability

Strong Investment Predicted for H2

JLL forecasts that CEE regional investment volume will reach or exceed EUR 12 million, in line with 2016 and 2017...

Interview

V4 agree on feasibility study for high-speed rail link

Transport ministers of the Visegrád Group - Hungary, the Czech Republic, Poland and Slovakia - have agreed to draw up...

Telco

K&H Bank H1 profit climbs 40%

K&H Bankʼs consolidated first-half after-tax profit rose 40% year-on-year to HUF 31.5 billion, CEO David Moucheron said at a press...

Pharma

Hungary 7th in IBMʼs Global Location Trends report

Hungary has achieved 7th place in IBM’s Global Location Trends report based on the number of jobs created in a...

Telco

MNB prepares to withdraw old HUF 1,000 bills

The National Bank of Hungary (MNB) issued a reminder on Tuesday that old HUF 1,000 bills, which have been replaced...

Deals

MVM terminates KPMG contract

MVM Hungarian Electricity Zrt. terminated its contact with KPMG on May 30, just one day prior to the submission of...

Office Market

Electrolux Hungary moves HQ to Promenade Gardens

The Hungarian branch of Swedish multinational home appliance manufacturer Electrolux set up its 1,730 square-meter headquarters this month in Promenade...

Sustainability

Home loan outlays high, but below June peak

Hungarian banks signed contracts for HUF 82.9 billion of new home loans in July, 43.6% more than in the same...

Deals

London economists: MNB not under pressure to tighten

The National Bank of Hungary (MNB) is not under pressure to tighten monetary policy, though some policy guidelines at this...

Automotive

New car registrations up 45% in August

New car registrations jumped 45% year-on-year to 12,931 in August, data compiled by carinfo.hu show. Total new car registrations were...

Deals

Blockchain technology still in its infancy in Hungary

Some 84% of executives globally say their organization has some involvement in blockchain technology, yet only a narrow layer utilizes...

Competition

GVH closes procedure against Google

The Hungarian Competition Authority (GVH) said on Friday it has closed a procedure against Google, which was sparked by data...

Deals

ASB Group appoints Dan Ledvinka to head business development

ABS Group, a professional outsourcing provider, has appointed Dan Ledvinka as its new group head of business development and marketing...

Residential

Buyers Push Back against Overpriced Homes as Market Shifts

Hungary's housing market grew more polarized in Q3 2026, according to OTP Ingatlanpont , with Budapest home prices reaching affordability...

Pharma

Pharmaceutical Logistics: From Reliable Support to Strategic Partnership

Pharmaceutical logistics now encompasses much more than warehousing and transportation. László Dene, deputy CEO for business at Hungaropharma Zrt., discusses...

Pharma

Pharmaceutical Logistics Moves Toward Full Automation

Competitiveness in pharma logistics increasingly depends on digitalization, automation, and quality assurance alongside scale, Andor Nagy, deputy CEO for logistics...

Pharma

Advancing the Conversation on Ovarian Cancer

Javier Aracil, AbbVie’s general manager for the Adriatics and Hungary, reflects on how greater awareness, continued innovation and collaboration across...

Real Estate

Hotel Sector Growing With Rising Tourism Numbers

The hotel sector is becoming an ever more popular development and investment option, with the Hungarian capital attracting a rising...

Residential

Residential Becoming a Key Development Sector in Hungary and the CEE

The residential or living sector is playing an increasingly significant role in real estate development and investment markets in Hungary...

Hungary Retail Sales Rise 4.3% in September as Non-Food Spending Leads Growth

Hungary’s retail sales volume rose 4.3% year-on-year in September 2026, driven by growth in non-food and automotive fuel sales, according...

Buyers Push Back against Overpriced Homes as Market Shifts

Hungary's housing market grew more polarized in Q3 2026, according to OTP Ingatlanpont , with Budapest home prices reaching affordability...

MOL Gets U.S. Clearance for Preparatory Steps in NIS Acquisition

MOL has received a U.S. sanctions license authorizing certain preparatory transactions related to its potential acquisition of a stake in...

Revolut Valuation Reaches USD 115 bln After Fundraising

Revolut has completed a fundraising transaction valuing the company at USD 115 billion, following a series of banking launches and...

MSD Hungary Managing Director Sean R. Smith to Take Global Role

Sean R. Smith will conclude his assignment as managing director of MSD Hungary at the end of 2026 and move...

Magyar Telekom Q3 Profit Rises 7.5% as Revenue Grows

Magyar Telekom’s Q3 net income rose 7.5% year-on-year to HUF 59.5 bln, supported by similar revenue growth. The company reaffirmed...

Pharmaceutical Logistics: From Reliable Support to Strategic Partnership

Pharmaceutical logistics now encompasses much more than warehousing and transportation. László Dene, deputy CEO for business at Hungaropharma Zrt., discusses...

Pharmaceutical Logistics Moves Toward Full Automation

Competitiveness in pharma logistics increasingly depends on digitalization, automation, and quality assurance alongside scale, Andor Nagy, deputy CEO for logistics...

Wizz Air Luton–Sofia Flight Diverted to Budapest After Bomb Threat

A Wizz Air flight from London Luton to Sofia was diverted to Budapest after receiving a bomb threat during the...

Pirelli Cinturato Winter 3 Takes Top Honors in European Tests

As winter approaches, drivers face a familiar question: which tires can provide dependable performance when road conditions start to change?...

Advancing the Conversation on Ovarian Cancer

Javier Aracil, AbbVie’s general manager for the Adriatics and Hungary, reflects on how greater awareness, continued innovation and collaboration across...

Hotel Sector Growing With Rising Tourism Numbers

The hotel sector is becoming an ever more popular development and investment option, with the Hungarian capital attracting a rising...

Hungary’s First Mr D.I.Y. Store to Open at Köki Alongside Popeyes

Budapest’s Köki shopping center will welcome Hungary’s first Mr D.I.Y. store and the country’s fourth Popeyes restaurant in November. Footwear...

Residential Becoming a Key Development Sector in Hungary and the CEE

The residential or living sector is playing an increasingly significant role in real estate development and investment markets in Hungary...