Business

Deals

Csaba Szende to head Eaton’s BSC in Budapest

Csaba Szende has been named as site leader/managing director of Eaton’s Europe, Middle East and Africa (EMEA) Business Service Center...

Deals

OTP Bank gears for new acquisitions

OTP Bank has been preparing for two decades to take advantage of proper merger and acquisition opportunities in the region....

Deals

GKI projects GDP growth of 3.8% in 2017, 2018

Given the high rate of investments in Hungary, economic research institute GKI has raised its GDP growth forecast from 3.5%...

Retail

Ghraoui Chocolate expands from Hungary

Premium Syrian-owned chocolate maker Ghraoui Csokoládé Manufaktúra has opened its first Hungarian store on Andrássy út near the Opera House...

Deals

Europa Capital sells its Budapest office portfolio

Europa Capital has concluded the sale of the Kalvin Portfolio in Budapest, which comprises two city center office buildings with...

Telco

VAT gap shrinking in Hungary

Beginning with the introduction of online cash tills reporting direct to the tax authorities in 2014, tax evasion has decreased...

Incubators

CEUʼs InnovationsLab Best Accelerator, Incubator in Hungary

CEU InnovationsLab was named Best Accelerator and Incubator in Hungary at the Central European Startup Awards competition, and will represent...

Telco

Government investment expenditures rising

Hungaryʼs general government ran a surplus of HUF 270.5 billion  in the first half of 2017, equivalent to 1.5% of...

Automotive

Audi to produce electric cars in Hungary

Audi is speeding up its plans to become one of the biggest players on the electric vehicle market, and Hungary...

Transport

Wizz Air begins recruitment of 1,300 new staff

Hungarian low-cost airline Wizz Air has announced its biggest ever recruitment drive, which sees the company aiming to create an...

Industrial

University teams up with Magnus Aircraft on training

The University of Pécs is launching a training program in aircraft development and production with the involvement of local manufacturer...

Competition

MOL jumps to 65th place in Platts ranking

Hungarian oil and gas company MOL has jumped 150 spots to 65th place in the latest Platts Top 250 ranking...

Telco

BP opens 2nd Hungarian shared services center in Szeged

British multinational oil and gas company BP, formerly known as British Petroleum, opened a shared services center with a staff...

Competition

Hungary back to 2014 level in global competitiveness

Hungary has improved its position on the World Economic Forumʼs latest Global Competitiveness Index by nine spots to 60th place...

Telco

Government debt at 74% of GDP at end of H1 – ÁSZ

The government debt to GDP ratio stood at 74% at the end of the first half of the year, calculated...

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...

Most Hungarian Construction Firms Expect Revenue Decline in 2026

Approximately 60% of Hungarian construction companies expect their revenue to fall in 2026, according to a recent survey by industry...

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...