Business

Telco

Lada Hungary targets 1,100 car sales this year

Lada Hungary targets sales of about 1,100 Lada brand cars this year, up from 1,060 in 2017, Managing Director András...

Construction

Efficiency and labor lacking in construction sector

The biggest problem with the Hungarian construction sector is efficiency. By way of comparison, Austrian construction output is six times...

Telco

Richter board proposes HUF 68 per-share dividend

The board of drugmaker Gedeon Richter will propose to shareholders payment of a HUF 68 per-share dividend on last yearʼs...

Telco

Investment fund assets edge up in February

Assets in investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) edged...

Deals

Waberer’s buys out minority partner, but private placement fails

Waberer’s International had a busy day on Wednesday regarding the acquisition and attempted sale of company stakes, with one offer...

Industrial

Developer CTP expands its portfolio in Hungary

Commercial real estate developer and manager CTP announced on Wednesday two new land acquisitions in strategic locations. Construction at both...

Pharma

Chocolatierʼs HUF 3.3 bln grant partly a ‘diplomatic response’

Family-owned Árklub announced plans Wednesday to build an HUF 8.3 billion chocolate factory in Bátonyterenye (97 km northeast of Budapest)....

Telco

Deficit confirmed nearing 40% of full-year target

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 526.6 billion deficit at the end of February, the...

Competition

Vienna 1st, Budapest 76th most liveable city in the world

Vienna remained on top for the ninth year as the city with the best quality of living, according to an...

Competition

Czech investor to buy Telenor Hungary

Norwegian telecom Telenor has entered into an agreement to sell its assets in Central and Eastern Europe (CEE) to the...

Telco

Awarding of EU funds in current cycle almost complete

Only 8% of European Union funds available to Hungary for the 2014-2020 funding period, or just HUF 708 billion, remains...

Pharma

GE vows to maximize local suppliers for Paks project

General Electric (GE) plans to boost the value of purchases from some 1,300 certified suppliers in Hungary from the current...

Deals

Eyewear startup enters partnership with optician chain

Two years after starting production, Hungarian custom-fitted and 3D-printed spectacles maker Forma Eyewear has announced its acquisition by FHO (First...

Telco

Gross monthly wages top HUF 310,000 in January

In January 2018, both average gross wages and average net wages were 13.8% higher than a year earlier, according to...

Deals

CIG Pannónia expands to Baltic states

Hungarian insurer CIG Pannónia is making inroads into markets in two of the Baltic states through its general insurance unit...

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...