Business

Telco

MVM profit reaches HUF 48.4 bln in 2016

The state-owned Hungarian Electricity Works (MVM) had consolidated after-tax profit of HUF 48.4 billion last year, the company said yesterday....

Competition

TOP 5 Tips for Choosing a Payroll and HR-outsourcing Provider

There are two possible ways to keep an organization’s payroll competence up-to-date: either through continually applying the resources needed to...

HR

Keeping up With Dramatic Changes in the Labor Market

In the last couple of years, we have seen a dramatic turn in the labor market. Whilst there used to...

Deals

MKB signs cooperation agreement with chamber of agriculture

MKB Bank signed a cooperation agreement with the Hungarian Chamber of Agriculture (NAK) on Wednesday facilitating access to a preferential...

Deals

Oracle Hungary moves to Millennium City Center

The Hungarian subsidiary of software firm Oracle recently moved to the 6th floor of the Millennium City Center’s building H,...

Office Market

Futureal sells Skypark to OTP investment fund

Futureal Group has sold its Skypark office building to the OTP Prime Property Investment Fund in a recently closed transaction....

Office Market

Balance Office Park reaches over 90% tenancy

With the recent addition of new tenants Mall.hu and Santa Monica RE Kft., and with the input of real estate...

Industrial

Budapest office market sees robust occupier activity

The Budapest office market continues to enjoy a robust level of occupier activity, with historically low vacancy rates, according to...

Office Market

Skanska eyes WELL certification for CEE buildings

Real estate firm Skanska will help introduce the WELL Building Standard to the markets of Central and Eastern Europe, which...

Telco

Fastron Hungária revenues climb almost 10%

Revenues of Fastron Hungária, a domestic manufacturer of inductive components and precision sheet metal products, rose by almost 10% to...

Deals

General gov’t deficit revised to reflect MKB sale

Hungaryʼs general government deficit, calculated according to European Union accounting rules, reached HUF 646.7 billion or 1.8% of GDP last...

Deals

VIG to merge Hungarian insurance units

Vienna Insurance Group (VIG) is merging its three Hungarian units - Erste Biztosító, Union Biztosító and Vienna Life Biztosító -...

Telco

New IKEA store to open in June in District 23

Hungary’s newest IKEA store - its third in the country - will open at 9 a.m. on June 14 in...

Logistics

Consumer confidence declines, business sentiment improves

Economic research institute GKIʼs combined gauge of consumer and business confidence was largely unchanged in April compared to the previous...

Office Market

Wing launches Skylight City office development

Real estate developer Wing is transforming the Material Center building, which until now has operated as a shopping mall, into...

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...