Business

Deals

CMS Hungary names new German professionals

Andreas Köhler has been appointed partner and head of CEE German projects at CMS Hungary, taking effect from March 16,...

Office Market

Immofinanz launches myhive office concept in Hungary

Real estate investor Immofinanz Hungary has announced the launch of its “myhive” international office brand to the local market, to...

Competition

Deal of the Year – How can Schoenherr assist in the sale of non-performing loan portfolios?

Is selling the ultimate solution for banks to handle their nonperforming loans? What can be done if restructuring is not...

Automotive

Automotive sector gives slight boost to industry

With the Hungarian automotive sector, a key driver of industry here, accelerating by 8.2% in January, compared to the same...

Telco

MOL board proposes HUF 625/share dividend

The board of Hungarian oil and gas company MOL will propose to shareholders payment of a HUF 625-per-share dividend on...

Pharma

GlaxoSmithKline to invest HUF 18 bln in vaccine plant

The Hungarian unit of British drugmaker GlaxoSmithKline (GSK) will invest HUF 18 billion at its vaccine plant in Gödöllő, near...

Office Market

Futureal, Erste Bank sign EUR 45 mln credit agreement

Real estate developer the Futureal Group has signed a credit agreement worth EUR 45.1 million with Erste Bank Hungary Zrt....

Telco

CIB profit reaches HUF 12 bln in 2016 on provisions release

Italian-owned CIB Bank had net profit of HUF 12 billion last year, improving over a HUF 40.2 bln loss in...

Telco

Opticon to start HUF 1.3 bln internet upgrade in three cities

Opticon, which provides internet, telephone and television services, could start a HUF 1.3 billion upgrade of internet networks in Kecskemét,...

Interview

Hungarian documents to expire on holderʼs birthday

Newly issued identification documents of Hungarian citizens will expire on the birthday of the holders, in order to help them...

Industrial

Appeninn purchases real estate in Kőbánya

Appeninn purchased Estate Pest Office Kft. for HUF 136.5 million, merging that company’s approximately 1,000 sqm of land with its...

Deals

Budapest sees huge labor shortage of cleaners

Labor shortage of cleaners is becoming a bigger issue in Budapest, while many cleaners earn HUF 80,000-100,000 on average monthly...

Office Market

Novodata moves into Blue Cube in Váci Corridor

Pharmaceutical software development firm Novodata is moving into the Blue Cube offices in the Váci Corridor, leasing more than 950...

Sustainability

Fundamenta-Lakáskassza profit drops to HUF 5.3 bln on IT developments

Home savings bank Fundamenta-Lakáskasszaʼs consolidated after-tax profit fell about 18% to HUF 5.3 billion last year because of IT developments,...

Sustainability

Hungarian hotel investments drop in 2016, will speed up in 2017

The Hungarian hospitality market saw EUR 27.5 million of hotel investments in 2016, a spectacular drop from 2015’s EUR 76...

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...