Business

Competition

MNB takes verbal measures against strengthening forint

The exchange rate of the forint against the euro started weakening on Thursday following statements by the National Bank of...

Telco

Banking sector profitability slightly up in H1

Hungarian banksʼ combined after-tax profits at the end of the first half of 2017 came to HUF 362.9 billion, compared...

Industrial

Magnus Aircraft to build factory in Pécs

Hungaryʼs Magnus Aircraft aims to build a HUF 5.2 billion plant in Pécs, according to state news wire MTI. The...

Telco

Dunaferr on right track to achieve production plans

Hungarian steel maker ISD Dunaferr, which has been struggling for a long time to become profitable, recently reported that it...

Telco

Rába posts revenues of HUF 21.6 bln in first half

Hungarian automotive industry concern Rába recorded revenues of HUF 21.6 billion in the first half of 2017, up 5.4% from...

Telco

Univer inaugurates giant tomato-processing plant

Hungarian condiments maker Univer Product Zrt. (based in Kecskemét, central Hungary) inaugurated a HUF 4.3 billion tomato processing plant Thursday,...

Telco

Three-month MNB depo stock cut by HUF 50 bln to HUF 450 bln

The National Bank of Hungary (MNB) accepted placements of HUF 125 billion in its three-month deposit facility at a tender...

Telco

Old HUF 1,000 bill to be withdrawn by November 2018

A new HUF 1,000 bill with enhanced security features will become legal tender tomorrow, but will only enter into circulation...

Interview

MNB policy-makers hold base rate, as expected

The Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bankʼs key rate on hold...

Competition

EuCham sees slightly worse business climate in Hungary

Denmark, Sweden and Finland are the top European countries for business, according to 2017 research by EuCham - European Chamber,...

Pharma

Xellia inaugurates USD 13 mln expansion in Budapest

Denmarkʼs Xellia Pharmaceuticals inaugurated a USD 13 million expansion at its base in Budapest on Tuesday, state news wire MTI...

Competition

Hungarians among 10 most patriotic nations in EU

Danes, Greeks and Bulgarians have the strongest patriotic feelings towards their homeland among European Union countries, according to a recent...

Deals

eTruck Motor planning major e-lorry production investment

Hungaryʼs eTruck Motor plans to build almost EUR 10 billion of production capacity for electric lorries around the country, business...

Telco

Hungariansʼ gross wages climb 14.4% in June

In June 2017, average gross nominal monthly earnings amounted to HUF 297,300, 14.4% higher than a year earlier, the Central...

Industrial

Eissmann Automotive plans expansion in Hungary

German-owned car interior maker Eissmann Automotive Hungaria is planning expansion worth at least EUR 6 million at its base in...

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...