Business

Telco

Budget deficit keeps climbing in October

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 1,418.2 billion deficit at the end of October -...

Pharma

Royal FrieslandCampina opens financial SSC in Budapest

Dutch dairy products company Royal FrieslandCampina has opened a new regional financial shared services center (SSC) at the CityZen Office...

Retail

Number of retail units falls, bigger shops prevail

The number of retail shops in Hungary fell 3.5% from a year earlier to almost 129,000 in 2016, according to...

Telco

VAT exemption threshold could rise by 2019

The government may raise the annual revenue threshold for VAT exemption for small businesses by HUF 4 million to HUF...

Deals

Logistics companies raising prices as costs soar

The largest Hungarian transportation companies are raising their service fees, following the lead of logistics companies in other European countries...

Telco

MOL Q3 net income falls 29% as margins narrow

Third-quarter net income of oil and gas company MOL fell 29% year-on-year to HUF 47.7 billion as margins narrowed, an...

Sustainability

Residential property market upswing continues

The housing market in Hungary shows signs of change: although the number of sold residential properties has decreased, prices have...

Telco

Retail and corporate lending rose in September

Retail lending stock of Hungarian banks rose in September from the previous month, continuing an increase that started in the...

Pharma

Kall Ingredients opens HUF 45 bln isoglucose plant

Hungarian-owned food industry company Kall Ingredients inaugurated a HUF 45 billion isoglucose plant in Tiszapüspöki, east-central Hungary, on Monday. Government...

Pharma

Toolmaker Spinto invests HUF 5.9 bln at Miskolc base

Hungarian toolmaker Spinto Hungária is investing HUF 5.9 billion at its base in Miskolc in northeast Hungary, Minister of Foreign...

Pharma

C&W picks Budapest for Portfolio Services Center

Real estate services firm Cushman & Wakefield has picked Budapest as the new location for its Portfolio Services Center (PSC),...

Competition

Doing business gets harder in Hungary

The World Bank puts Hungary in 48th place among 190 economies in its latest Ease of Doing Business ranking. Hungary...

Telco

OTP chairman-CEO remains richest Hungarian

Sándor Csányi, the food industry magnate and head of OTP Bank, remains at the top of Forbesʼ annual ranking of...

Competition

German firms in Hungary increasingly optimistic

German companies operating in Hungary continue to feel satisfied and optimistic about their business, a recent survey by the German-Hungarian...

Office Market

Health center opens at CityZen Budapest

Doktor24 private healthcare services has opened a new medical center at the CityZen Office Building on Váci út in Budapest....

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...