Business

Pharma

ThyssenKrupp starts work on HUF 11 bln plant

German automotive parts manufacturer ThyssenKrupp today launched a HUF 11 billion greenfield investment in Hungary’s second city of Debrecen, according...

Telco

BUBOR appears to stabilize at 16 bps, Nomura says

The Budapest Interbank Offered Rate (BUBOR) appears to have stabilized at 16 bps by hitting its “credit floor,” and as...

Automotive

Hungary’s industrial output up 13.4%

Hungary’s industrial production rose 13.4% in March, compared to the same month a year earlier, while adjusted for working days,...

Sustainability

Rise in home prices still ‘sustainable’, says MNB

The increase in home prices across Hungary is still "sustainable", though the market in Budapest needs to be "monitored closely",...

Telco

Higher revenue, lower risk and tax costs lift OTP Q1 profit 54%

OTP Bankʼs first-quarter consolidated after-tax profit rose 54% year-on-year to HUF 52.9 billion, lifted by higher revenue, lower risk costs...

Deals

CBRE envisages ‘major deals’ this year

The Hungarian investment property market can expect major business deals this year, according to a recent analysis sent to the...

Retail

Hungary attracts 19% of retailers eyeing expansion, CBRE says

Hungary is the fifth most attractive market for retailers looking to expand their store presence in Europe, the Middle East...

Telco

MTel aims to boost 4G+ coverage to 35%-40% this year

Magyar Telekom expects network investments to boost its 4G+ coverage by 5-10 percentage points from 30% at present, CFO János...

Competition

MKFE delivers V4 haulage declaration to Brussels

Gábor Somogyi, Secretary General of the Hungarian Road Transport Association (MKFE), today met Matej Zakonjšek, Head of Cabinet of the...

Construction

Hungaryʼs construction output jumps 33% in March

Hungary’s volume of construction output jumped by 33.3% in March, compared to the same month a year earlier, due to...

Telco

MFB total assets edge down, lending stock rises

The state-owned Hungarian Development Bank (MFB) had total assets of HUF 1.294 trillion at the end of last year, edging...

Telco

MTel Q1 profit drops 55% on narrower margins, one-offs

Magyar Telekomʼs first-quarter after-tax profit fell 54.6% year-on-year to HUF 4.8 billion on narrower margins and one-offs in the base...

Retail

Hungarian central bank steps up against OneCoin

The National Bank of Hungary (MNB) has agreed with a number of authorities on taking joint measures against the cryptocurrency...

Telco

Hungarians spend HUF 11,000/month on household energy

Hungarians spent HUF 10,907 per month on average on household energy in 2016, a summary of preliminary household consumption data...

Deals

C&W reappointed to manage two malls in CEE

Cushman & Wakefield has been reappointed by CPI Property Group as property manager of two major shopping centers and one...

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...