Business

Telco

Government submits 2018 budget bill to Parliament

Minister for National Economy Mihály Varga submitted the 2018 budget bill to Parliament yesterday, Hungarian news agency MTI reported. The...

Office Market

CBRE map plots office rents against metro stations

Although the Váci út office corridor, the central business district (CBD) and the inner quarters of Pest are the most...

Automotive

New car registrations up 7.7% in April, says MGE

New car registrations in Hungary rose 7.7% year-on-year to 8,681 in April, the Hungarian Association of Vehicle Importers (MGE) said...

Pharma

GVH withdraws approval for Infineon acquisition of Cree power and RF business

Hungaryʼs Competition Office (GVH) yesterday said it withdrew its clearance for the acquisition of the power and radio frequency business...

Telco

BSE turnover reaches HUF 217 bln in April

Share turnover on the Budapest Stock Exchange (BET) reached HUF 216.8 billion in April, the bourse said today, according to...

Pharma

Apollo’s Hungarian plant seen to have ‘strategic role’

Apollo Tyres expects its recently opened Hungarian plant in Gyöngyöshalász to play a “strategic role” in the European market, as...

Industrial

CTP Hungary boosts industrial portfolio to 300,000 sqm

Real estate developer CTP Hungary signed several new contracts in the country in the first quarter of the year, boosting...

Telco

Erste Hungary to cut staff, restructure to save costs

The chairman-CEO of Austrian-owned Erste Bank Hungary told journalists on Friday that the lender plans to cut staff by 7-9%...

Transport

MAHART PassNave completes HUF 600 mln fleet renovation

Hungarian passenger ship company MAHART PassNave has finished a HUF 600 million renovation project, managing director Gábor Spanyik told Hungarian...

Ecosystem

CEU named 2nd most international university in the world

While it is still not clear whether the Central European University can stay open in Budapest after the Hungarian Parliament...

Office Market

Bischoff & Compagnons commissions CBRE Hungary with Alphagon leasing

Bischoff & Compagnons has commissioned CBRE Hungary with the exclusive leasing rights of the Alphagon Office Building on the ever...

Telco

INA profitable in Q1, after loss a year ago

Croatian oil and gas company INA, a subsidiary of Hungaryʼs MOL, had net profit of HRK 199 million in the...

Automotive

Mercedes Hungary sees record turnout, sales in 2016

The Hungarian subsidiary of Mercedes-Benz (Mercedes-Benz Manufacturing Hungary Kft.) has closed a record year seeing EUR 3.4 billion revenues and...

Pharma

Richter shareholders approve HUF 106-per-share dividend

Shareholders of Hungarian drugmaker Gedeon Richter approved payment of a HUF 106-per-share dividend on last yearʼs earnings at an annual...

Telco

TakarékBank profit slips to HUF 3 bln in 2016

After-tax profit of TakarékBank, the "central bank" for Hungaryʼs savings cooperatives, fell 7% to HUF 3 billion last year, 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...

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...