Business

Competition

Mobile subscription numbers edge down in 2017

There were 11.76 million mobile phone subscriptions in Hungary at the end of 2017, some 32,000 fewer than a year...

Deals

Men earn over 20% higher salaries than women in Hungary

According to data gathered from 13 European countries by international salary portal paylab.com to mark International Womenʼs Day on March...

Deals

OTP Real Estate Fund raises stake in Appeninn

Holding company Konzum on Monday said it sold 4.94% of the shares of property holding company Appeninn, more than two...

Ecosystem

CEU to establish satellite campus in Vienna

The Central European University (CEU) and the City of Vienna announced negotiations Monday on a memorandum of understanding that would...

Telco

MOL board proposes HUF 127.5 per-share dividend

The board of Hungarian oil and gas company MOL will propose payment of a HUF 127.5 dividend on last yearʼs...

Pharma

NI Hungary lays cornerstone of plant, service center

The local unit of U.S. measurement and automation company National Instruments (NI) laid the cornerstone of a HUF 5.44 billion...

Telco

CIB doubles after-tax profit in 2017

After-tax profit of Italian-owned banking group CIB more than doubled to HUF 24.6 billion last year, from HUF 12 bln...

Sustainability

No new homes in Budapest below HUF 20 mln

The continuous rise in real estate prices in Budapest is pushing buyers outside the capital city, where homes are somewhat...

Automotive

Koreaʼs SK Innovation breaks ground on battery plant

South Koreaʼs SK Innovation began construction last Thursday of a HUF 97.5 billion plant to make lithium batteries for electric...

Telco

Hungarian ICT sector revenues up 15% last year

Revenues of Hungaryʼs information and communications technology (ICT) sector rose 15% to HUF 3.137 trillion last year, a summary of...

Telco

Budapest Bank after-tax profit climbs 12% in 2017

State-owned Budapest Bankʼs after-tax profit rose 12% to HUF 14.6 billion last year, Chairman-CEO Koppány Lelfai said on Friday. Profits...

Pharma

Thyssenkrupp plant inaugurated with Hungarian government grant

A HUF 33.5 billion automotive parts plant in Jászfényszaru, 72 kilometers east of Budapest, was inaugurated by Thyssenkrupp Components Technology...

Pharma

Aldi expands intʼl IT support in Hungary

Declaring itself "extremely satisfied" with the quality of IT support in Hungary, German discount supermarket chain Aldi on Thursday said...

Office Market

Atenor hands over Váci Greens building ‘D’

Belgian real estate developer Atenor has delivered the fourth phase of its Váci Greens office complex, building "D." All four...

Deals

Hungarian M&A market value up 150% in 2017, says EY

The value of Hungarian mergers and acquisitions (M&As) rose 150% to USD 4 billion last year, data compiled by consultancy...

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...