Business

Telco

MOL net income reaches HUF 43.5 bln in Q4

Hungarian oil and gas company MOL booked net income of HUF 43.5 billion in the fourth quarter, improving over a...

Telco

MNB to scrutinise banks that took up lending-linked IRS

The National Bank of Hungary (MNB) will review banks that bid for an interest rate swap (IRS) linked to lending...

Pharma

Hungary recognizes investors with awards

Minister of Foreign Affairs and Trade Péter Szijjártó and Róbert Ésik, head of the Hungarian Investment Promotion Agency (HIPA), acknowledged...

Deals

Client savings in coop integration reach HUF 1.889 tln

Client assets managed by Hungaryʼs savings cooperatives, together with those held by TakarékBank and FHB Bank, rose about 5% to...

Telco

Voluntary, private pension fund membership drops

Membership in Hungarian voluntary and private pension funds declined last year, data compiled by the National Bank of Hungary (MNB)...

Logistics

Consumer confidence slips, business confidence up in February

Economic research firm GKIʼs combined consumer and business confidence index slipped to 0.1 points in February, from 0.2 points the...

Sustainability

Stats show further recovery of Hungary’s housing market

The Hungarian housing market saw further recovery with the number of new dwellings built, home construction permits issued, and simple...

Telco

New Puskas Stadium to cost HUF 190 bln

The government has approved the budget for reconstruction of Budapest’s Puskás Ferenc Stadium, the home of the national soccer team,...

Telco

Banking sector profitable in 2016 after losses in 2015

Hungarian banksʼ combined after-tax profit in 2016 came to HUF 456.2 billion compared to a HUF 29.1 bln loss in...

Competition

Invitech Solutions receives Microsoft qualification

Invitech Solutions has been awarded the Microsoft Gold Partner Datacenter Competency qualification, according to a press statement sent to the...

Retail

McDonald’s opens career center in Hungary

McDonald’s has opened a career center in Hungary, to help those interested in working at the fast-food chain, or who...

Pharma

Aviagen opens EUR 12 mln hatchery in Hungary

The Hungarian unit of broiler breeder Aviagen has opened a EUR 12 million hatchery in Mezőörs, Hungarian news agency MTI...

Deals

Legoland coming to Hungary, says Nyíregyháza mayor

After Berlin, Oberhausen, Istanbul and Manchester in Europe, the next Legoland Discovery Center is set to be opened in Nyíregyháza,...

Telco

MTel to slightly cut back on investments in 2017

Magyar Telekom will slightly cut back on the amount of money it invests this year into network developments to compensate...

Telco

Corporate tax cut lifts Magyar Telekom profits in Q4

Magyar Telekom booked after-tax profit of HUF 20.5 billion in Q4 – five times the amount in the base period...

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...