Business

Pharma

Linamar Hungary plans HUF 8.6 bln investment

Linamar Hungary, a Canadian-owned maker of precision machined and assembled components, will invest HUF 8.64 billion at three bases around...

Telco

Tender raises MNB FX swap stock to HUF 1,511 bln

The stock of "fine-tuning" FX swaps of the National Bank of Hungary (MNB) rose about HUF 25 bln to HUF...

Telco

K&H Bank after-tax profit nears HUF 42 bln in 2017

K&H Bank, the Hungarian unit of Belgiumʼs KBC, had after-tax profit of HUF 41.8 billion last year, CEO David Moucheron...

Competition

Chambers to hold digital business transformation conference

The Swiss-Hungarian Chamber of Commerce, in cooperation with the Netherlands-Hungarian Chamber of Commerce and the Swedish Chamber of Commerce in...

Logistics

Consumer, business confidence grow in February

Economic research institute GKIʼs combined gauge of consumer and business confidence rose to 9.5 points in February, up from 8.2...

Sustainability

Housing market develops faster in towns, villages outside capital

In 2017, 14,389 new dwellings were built in Hungary, 44% more than a year earlier. The number of dwellings built...

Pharma

Bridgestone unitʼs revenue up 47% in 2017

The Hungarian unit of Japanese tire maker Bridgestone recorded HUF 53.1 billion in sales revenues last year, 47% more than...

Pharma

HIPA thanks biggest investors at annual awards ceremony

The Hungarian Investment Promotion Agency (HIPA) recognized some of the biggest investors in Hungary at an annual awards ceremony late...

Telco

Investment fundsʼ net asset value tops HUF 6.6 tln

The net asset value of investment funds in Hungary rose 9.9% to HUF 6,614.9 billion in the twelve months to...

Retail

Hungarian airport car sharing service eyes expansion

Hungarian startup BeeRides has partnered with German investor innogy Innovation Hub to expand its airport car sharing service. After Budapest...

Retail

IKEA turnover up 14% in last business year

Home furnishings retailer IKEAʼs revenue in Hungary rose 14% year-on-year to HUF 61 billion in the business year ending August...

Retail

Online shopping growth stalls in 2017

Online sales continue to grow faster in Hungary than regular retail sales; however, figures from last year reveal that the...

Telco

PortfoLion invests USD 5 mln in local startup Starschema

Venture capital fund manager PortfoLion, a member of the OTP Group, Hungaryʼs biggest commercial lender, is investing USD 5 million...

Telco

MTel profit plunges in fourth quarter

Magyar Telekomʼs fourth-quarter after-tax profit dropped 75% year-on-year to HUF 5.2 billion, hit by higher costs and the effect of...

Telco

Rába profit climbs 14% in 2017

Hungarian automotive industry holding Rábaʼs after-tax profit climbed 14% to HUF 1.57 billion last year, boosted by higher revenues, a...

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...