Business

Deals

OTP CEO sees 4-5 possible acquisitions on horizon

OTP Bank, Hungaryʼs biggest commercial lender, could make another four to five acquisitions, both in countries where it wants to...

Telco

Wingholding books HUF 255 mln loss in 2016

Hungarian property developer Wingholding booked a HUF 255 million loss in 2016, an audited earnings statement posted on the website...

Pharma

FrieslandCampina’s SSC to create 150 jobs

FrieslandCampina, a Netherlands-based cooperative-owned dairy company, has announced it will set up a shared services center (SSC) in Budapest, providing...

Pharma

Government to redraw billboard market before elections

Hungarian governing party Fidesz issued a decree last Friday, bearing the name of Prime Minister Viktor Orbán, which appears to...

Transport

Wizz Air announces Budapest-Saint Petersburg route

Hungarian low-cost airline Wizz Air is launching a new flight from Budapest to Saint Petersburg, Wizz Air CEO József Várady...

Retail

Extreme Digital partners with Kika, Abra furniture

PROMOTION: E-retailer Extreme Digital has recently opened a new store in Kika in Soroksár, in Budapest’s District XXIII, the first...

Telco

MOL Q1 earnings up 28% as inventories rise

Hungarian oil and gas company MOL?s first-quarter net income rose 28% to HUF 93.9 billion from the corresponding period a...

Automotive

Hungary’s industrial output up 12.8% in March

Hungary’s industrial production was up by 12.8% in March, as compared to the same month a year earlier while adjusted...

Deals

Hungary fines 730,000+ motorists for driving without vignette

NUSZ, the company that operates Hungaryʼs motorway toll system, fined 731,000 motorists a combined total of almost HUF 5.8 bln...

Telco

Bill would raise 2017 revenue, expenditure targets by HUF 420 bln

Hungaryʼs government submitted a bill to Parliament late Tuesday that would raise the revenue and expenditure targets in the 2017...

Deals

CEE telecoms providers’ credit improvement will continue to outpace their Western European peers

Revenue growth, margin expansion and credit protection for telcos in the CEE region will continue to outpace that of their...

Industrial

New dwelling, permit numbers hike in Q1

During the first quarter of the year, the number of newly-built dwellings was up by 47% to 2,061, as compared...

Pharma

Futureal also sells mall to OTP Property Investment Fund

Futureal has sold its Sziget Center shopping mall in Hungary to OTP Property Investment Fund as part of the deal...

Deals

Gov’t sees GDP growth staying well over 3% in mid-term

Hungaryʼs government expects economic growth to stay well above 3% in the mid-term, even after peaking at 4.3% next year,...

Office Market

Diófa leases 3,700 sqm in Óbuda Gate

Diófa Asset Management has announced it has leased more than 3,700 sqm to new tenants in the Óbuda Gate office...

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...