Business

Sustainability

Demand for new homes weaker in Budapest

The average time it takes to sell a new home in Budapest has grown to six months. Sales figures indicate...

Telco

Profit higher, bad debts lower at Hungaryʼs OTP

Fourth-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, jumped 159% year-on-year to HUF 68.5 billion, lifted by an...

Deals

New managing director to head Canon Hungária

As of January 1, a new managing director, Jaap van ’t Ooster has been in post at Canon Hungária Kft....

Telco

MNB allocates HUF 50 bln of MIRS at tender

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

Sustainability

Duna House profit slips 21% in 2017

Listed real estate broker Duna Houseʼs after-tax profit fell 21% to HUF 918 million last year, an earnings report released...

Sustainability

CSOK home subsidy scheme expands in March

The government will expand its home purchase subsidy scheme for families with children, known by its Hungarian acronym "CSOK," from...

Deals

CEPOL executive director concludes 8-year term

Ferenc Bánfi, the Executive Director of CEPOL, the Budapest-based European Union Agency for Law Enforcement Training, concluded his eight-year term...

Deals

Immofinanz suspends merger talks with CA Immo

The supervisory and executive boards of commercial real estate company Immofinanz AG decided Wednesday to continue to suspend detailed discussions...

Competition

Employees seek appreciation, rather than money

Most employees are not quitting their jobs for financial reasons, according to research conducted last year. Companies lose on average...

Retail

Webstores seen unlikely to kill traditional shops

E-commerce could generate annual revenues as high as HUF 1,100 billion by 2021 in Hungary, but this will not pose...

Telco

Ad spending in Hungary rises almost 12% in 2017

Spending on advertising in Hungary rose 11.5% to HUF 241 billion last year, the Hungarian Advertising Association (MRSZ) said on...

Sustainability

Investments up nearly 17% to historic high in 2017

In the fourth quarter of 2017, the dynamic increase in investments in the national economy continued, as the volume of...

Telco

Profits of Hungarian banks jump 50% in 2017

After-tax profits of Hungaryʼs banking sector climbed 50% to HUF 632.4 billion last year, lifted by higher revenue from commissions...

Telco

Profits of Hungarian brokerages soar in 2017

Investment services companies closed the year 2017 with combined net profit of more than HUF 6 billion, some 50% more...

Telco

BUX hit by Richter profit warning over Esmya

Hungarian drugmaker Gedeon Richter said late on Monday it would book a HUF 42 billion impairment loss related to its...

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...