Business

Telco

Eximbank after-tax profit over HUF 4.6 bln in 2017

State-owned Hungarian Eximbank had HUF 4.62 billion after-tax profit in 2017, up from HUF 747 million in 2016, the financial...

Telco

MFB total assets, net profit shrinks as Főgáz leaves group

Consolidated total assets of the state-owned Hungarian Development Bank (MFB) fell by 14% to HUF 1,308.4 billion at the end...

Interview

EP draft report sees risk of breach of EU values by Hungary

A number of MEPs strongly criticized the situation in Hungary at a meeting of the European Parliamentʼs Committee on Civil...

Telco

MNB allocates HUF 50 bln of MIRS at tender

The National Bank of Hungary (MNB) allocated HUF 50 billion of its monetary policy interest rate swaps (MIRS) designed to...

Deals

MNB approves share acquisition in CIG Pannónia by Konzum

The National Bank of Hungary (MNB) yesterday gave approval to holding company Konzum acquiring a 24.85% stake in insurer CIG...

Transport

Moodyʼs gives Wizz Air stable ʼBaa3ʼ rating

Moodyʼs Investors Service, has assigned a first time "Baa3" long-term issuer rating to Wizz Air Holdings, which operates what it...

Deals

Budapest council raises taxi fares

The municipal council of Budapest today voted to raise regulated taxi fares in the capital from July 1. The council...

Retail

Hungarian owners buy out Steinhoff stake in Extreme Digital

The Hungarian owners of online consumer electronics retailer Extreme Digital have reacquired a 50.4% stake in the company from South...

Transport

Flixbus to operate more buses in summer

German long-distance bus transport company FlixBus is increasing its transport capacity in preparation for the summer holiday season. The main...

Deals

Aldi to make 150 new hires in Hungary

The Hungarian unit of German discount chain Aldi plans to increase headcount by more than 150, seeking to fill various...

Interview

Balog to step down as Hungarian superministry head

Zoltán Balog will leave his position as head of the Ministry of Human Capacities, the superministry that oversees the health...

Deals

Mattheisen departs Magyar Telekom after long spell at top

Magyar Telekom on Tuesday announced the resignation of its CEO Christopher Mattheisen. He will leave the company as of July...

Competition

Black labor market keeps expanding

Hungarian authorities imposed more than HUF 200 million in fines last year related to labor irregularities. Illegal hiring of workers...

Deals

Mészáros resigns as mayor to focus on business

Investor Lőrinc Mészáros, the former pipe fitter who has risen to become one of Hungaryʼs richest men under the patronage...

Competition

BCCH looking to get in touch with its soul

The British Chamber of Commerce in Hungary (BCCH) is presenting a “Soulful Enterprise Workshop” on Wednesday morning, May 16. Soulful...

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...