Business

Deals

Hungaryʼs Solvo Biotechnology sold to French investor

Franceʼs Citoxlab Group has obtained a majority stake in Solvo Biotechnology, a Hungarian company that is a global leader in...

Telco

MNB FX swap stock unchanged after tender

The stock of "fine-tuning" FX swaps of the National Bank of Hungary (MNB) will remain unchanged at HUF 1,525 billion...

Industrial

Warehouse space scarce despite developments

Available warehouse space is continuously shrinking in Hungary, despite significant developer activity last year, which saw ten projects add some...

Telco

Toy stores gear up for busy Easter period

Toy stores expect record revenues this year in the Easter period, according to distributors. Although web store revenues are growing,...

Deals

Romaniaʼs central bank vetoes OTP acquisition bid

In a surprise move, the National Bank of Romania has rejected a request for approval by the Romanian unit of...

Telco

Erbslöh to expand capacity in Hungary

Erbslöh Hungária, a unit of German automotive group WKW, will spend HUF 14 billion to build a 1,500 square-meter production...

Automotive

Audi Hungária revenues over EUR 7 bln last year

Revenues of the local unit of German automobile manufacturer Audi edged up 1% to EUR 7.136 billion in 2017. Capital...

Interview

MNB policy makers make no mention of future ‘fine-tuning’

The Monetary Council of the National Bank of Hungary (MNB) said it would continue to use its extended set of...

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...

Telco

Hungarian insurers see premium revenues climb 7% in 2017

Hungarian insurersʼ combined revenues from premiums rose 7% to HUF 948.1 billion last year, data released by the National Bank...

Automotive

Manufacturing lifts Hungaryʼs industrial output in January

In January 2018, the volume of industrial output rose by 6.9% year-on-year, according to a second, detailed estimate of monthly...

Construction

Construction output leaps 43.2% in January

The volume of construction output was 43.2% higher in January 2018 than a year earlier. Output increased in both main...

Deals

Trade finance professionals head for Budapest

The Association of International Credit and Trade Finance Professionals (ICTF) will be hosting its International Credit Professionals Symposium at the...

Telco

Garantiqa surety stock reaches HUF 570 bln in 2017

The surety stock of Garantiqa Hitelgarancia rose 28% to HUF 570 billion last year, the state-owned credit guarantor said on...

Transport

Wizz Air starts ambitious expansion program

Hungarian low-cost carrier Wizz Air started "the biggest operational ramp-up across its network" yesterday, according to a statement released by...

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...