Business

Competition

GE sale to affect half of Hungarian staff, wire says

General Electric (GE) has started talks on the sale of its lighting business, GE told Hungarian news agency MTI today,...

Industrial

Hungarian firm invests HUF 1.5 bln in Mercedez-Benz dealership

Hungarian-owned JP Auto has opened a Mercedes-Benz brand dealership in Jászberény through a HUF 1.5 billion investment, according to a...

Fintech

Mastercard Hungary names new managers

Three members of the Hungarian Mastercard team – Szabolcs Kovács, István Maklári and Ádám Szőnyi – have been appointed to...

Telco

Hungarian securities’ market value rose in April, says MNB

The amount of outstanding equity and debt securities was HUF 43.248 trillion at market value at the end of April,...

Deals

Hungaryʼs 4G network claimed as worldʼs third fastest

Hungary has the worldʼs third fastest 4G/LTE network, according to the latest report by OpenSignal, the secretariat of the governmentʼs...

Deals

Refurbished metro carriages withdrawn from circulation

Refurbished metro carriages supplied recently by Russian company Metrowagonmash have been temporarily withdrawn from circulation on Budapestʼs Metro 3 line,...

Deals

‘Unstable’ Croatian gov’t obstacle to MOL’s sale of INA stake

The lack of stability of the Croatian government poses problems for the possible sale of Hungarian oil and gas company...

Retail

Hungarians lick billions in ice cream

Hungarians spend more than HUF 26 billion on ice cream annually, according to data from market research firm Nielsen cited...

Telco

New IKEA store opens next week

The third Hungarian store of multinational home furnishings giant IKEA opens on June 14 in Soroksár in the capitalʼs District...

Interview

Rate-setters stand by monetary policy, minutes show

The Monetary Council of the National Bank of Hungary (MNB) reiterated its position to keep the central bankʼs key interest...

Telco

General gov’t runs HUF 213.4 bln deficit at end of May

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 213.4 billion deficit at the end of May, preliminary...

Telco

MNB allots HUF 100 bln at one-month EUR/HUF swap tender

The National Bank of Hungary (MNB) allotted HUF 100 billion of one-month forint swaps against euros at a tender on...

Automotive

Wabererʼs to fund Polish acquisition via EUR 50 mln IPO

Hungarian road haulage company Wabererʼs announced Tuesday that it plans to raise EUR 50 million in an initial public offering...

Pharma

Viessmann to open HUF 533 mln service center in Hungary

German heating and refrigeration systems maker Viessmann is opening a HUF 533 million service center in Pécs (SW Hungary), Minister...

Competition

Late payment withdrawn from Bridgestone Hungary account

Late payment with interest has been withdrawn from the account of Bridgestoneʼs Hungarian plant on behalf of one of 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...