Business

Telco

Lawmakers raise 2018 budget spending by over HUF 125 bln

Parliamentʼs budget committee finalised more than HUF 125 billion in additional expenditures, balanced out by extra revenue and trimmed spending...

Deals

HVCA’s 19th conference sees further investment in the region

Participants at the 19th annual conference of the Hungarian Private Equity and Venture Capital Association (HVCA) on Private Equity, Venture...

Automotive

New car registrations up 29% in May, says MGE

New car registrations in Hungary rose 28.6% from a year earlier to 10,952 in May, the Hungarian Association of Vehicle...

Deals

MNB orders oversight commissioner at Dimenzió after court suspends licence revocation

The National Bank of Hungary (MNB) yesterday said it has ordered an oversight commissioner at insurance association Dimenzió after a...

Deals

Konzum fund manager to acquire 49% of MKB Bank

The investment manager of holding company Konzum will acquire a 49% stake in MKB Bank, Hungaryʼs fifth biggest lender, Konzumʼs...

Office Market

Gateway Office Park undergoing renovation

Gateway Office Park, an office complex comprising three towers, is currently being renovated, and works are scheduled to be finished...

Telco

Hungarian baths’ revenues up 3% last year

The revenues of all baths and spas operating in Hungary rose by 3% last year and reached HUF 144 billion,...

Telco

Magyar Posta revenues up, profit down in 2016

Revenues of Magyar Posta edged up 1% to HUF 191 billion last year, the state-owned postal company told MTI. After-tax...

Telco

Banking sector profits fall in Q1 as operating costs climb

Hungarian banksʼ combined after-tax profits fell 9% year-on-year to HUF 175 billion in the first quarter as operating costs jumped,...

Office Market

Science Park renovations begin soon

Renovation work at the Science Park office building in Budapestʼs District 11 is expected to start soon at “full speed,”...

Telco

SZHISZ acquires additional supervisory powers

Many of the prudential supervisory powers of the National Bank of Hungary (MNB) over savings cooperatives will be transferred to...

Sustainability

Hungary’s investments grow 34% in Q1

The volume of investments in the Hungarian economy grew by 34% in the first quarter of the year, as compared...

Automotive

Samsung inaugurates EV battery plant in Göd

Korea-based Samsung inaugurated a HUF 100 billion electric vehicle battery plant in Göd, near the capital of Budapest on Monday,...

Ecosystem

Albacomp launches project to develop accident detection

Hungarian IT company Albacomp is undertaking a HUF 1 billion project to develop an aftermarket vehicle accident detection and reporting...

Telco

MNB allots HUF 200 bln at EUR/HUF swap tenders

The National Bank of Hungary (MNB) allotted HUF 200 billion of forint swaps against euros at tenders on Monday, the...

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...