Business

Automotive

Audi to launch electric motor production

German carmaker Audi will start production of electric motors at its base in Hungary in two weeks, Audi Hungaria Chairman...

Deals

Italian chamber holds business lunch in Debrecen

The Italian Chamber of Commerce in Hungary (CCIU) organized a business lunch on May 15 in Debrecen with the intention...

Telco

MNB allots combined HUF 100 bln at EUR/HUF swap tenders

The National Bank of Hungary (MNB) allotted HUF 50 billion of six-month forint swaps and HUF 50 bln of 12-month...

Deals

CTP acquires Rozália Park in Biatorbágy

Real estate firm CTP has acquired the 57,800 sqm logistics scheme Rozália Park from Challenger, at Biatorbágy to the west...

Telco

Ministry confirms HUF 121.5 bln deficit at end April

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 121.5 billion deficit at the end of April, the...

Logistics

Consumer confidence stable, business sentiment improves

Economic research institute GKIʼs combined gauge of consumer and business confidence rose to 1.7 points in May, a three-year high,...

Transport

Wizz Air celebrates 13th anniversary

Hungarian low-cost airline Wizz Air celebrated its 13th anniversary on May 19, according to a press release sent to the...

Pharma

CHMP issues positive opinion for Richter’s cariprazine

The Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has adopted a positive opinion...

Telco

Balaton ferry company aims to up revenues

Balaton ferry and boat company Balatoni Hajózási Zrt. (Bahart) expects a 5.2% rise in revenues from HUF 2.64 billion last...

Deals

Hotel in Párizsi udvar set for completion in 2018

Parizs Property, a member of Mellow Mood Group, confirmed on Friday that it is building a five-star hotel for HUF...

Telco

FHB turns profitable in first quarter

FHB Mortgage Bank, Hungaryʼs largest mortgage re-financer, booked a HUF 279 million after-tax profit in the first quarter, compared to...

Telco

Military spending to rise to 2% of GDP by 2024, says Lázár

Military spending in Hungary will reach 1% of GDP in 2018 and the government will make a commitment to raise...

Telco

Average gross earnings up 11% in first quarter

In January–March 2017, average gross monthly earnings amounted to HUF 281,900 in Hungary, according to a first release of data...

Telco

Investment fundsʼ assets up 1.1% in April, says BAMOSZ

Assets managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) were up 1.1% in...

Competition

Hungarian enterprises increasingly ready to engage pros for business travel arrangements

Local companies are learning to apply new solutions when organizing business trips, but the majority of them are still not...

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...