Business

Interview

London analysts upgrade Hungary growth forecast on VAT cuts, EU funds, base effects

London-based emerging markets analysts at BofA Merrill Lynch have substantially upgraded their growth forecasts for Hungary’s economy, citing support from...

Sustainability

Appeninn Holding increases subsidiary’s capital

Appeninn Vagyonkezelő Holding Nyrt., a Budapest Stock Exchange-listed real estate investment company founded in 2009, has increased the capital of...

Competition

Two companies receive HUF 32 mln in fines

The Hungarian Competition Authority (GVH) has fined Trans-KD HUF 22 million and Trend Commers HUF 10 mln on charges of...

Automotive

Capacity expansion lifts Tu-Plast revenues

Revenue of Hungaryʼs Tu-Plast Tubusgyártó, which makes plastic tubes for cosmetics and pharmaceuticals, rose 48% to HUF 7.1 billion last...

Competition

Telenor Hungary confirms layoff plans

Telenor Hungary is laying off 100-120 employees due to restructuring, the telecommunications firm confirmed to Hungarian wire service MTI late...

Deals

NAV accumulates HUF 109 bln in criminal damages in 2016

Criminal investigations launched by Hungaryʼs National Tax and Customs Administration (NAV) in 6,250 instances against taxpayers in 2016 are estimated...

Telco

CIG Pannónia Life Insurance revenues edge up in 2016

CIG Pannónia Life Insuranceʼs net revenues from premiums edged up 1% to HUF 15.8 billion in 2016, an earnings report...

Automotive

F. Segura to double Hungarian unit area, capacity

F. Segura Hungária, the local subsidiary of the Spain-based car parts manufacturer, has announced plans to expand its Hungarian unit...

Telco

Hungary’s real wages up 7.4% in 2016

Real wages in Hungary were up by 7.4% in 2016, compared to the preceding year, along with a 0.4% rise...

Ecosystem

BCCH partners with uSchool in entrepreneurial club

The British Chamber of Commerce in Hungary (BCCH) and the uSchool educational platform have entered a strategic partnership, by which...

Telco

Used car sales in Hungary predicted to reach 680,000 in 2017

Used car sales in Hungary are set to climb by 11.5% this year, reaching 680,000, a survey by used car...

Telco

Iron-Tech completes capacity expansion

Hungarian metalworking and spare parts manufacturer Iron-Tech has announced the completion of a capacity expansion supported with almost HUF 440...

Telco

Gov’t to spend HUF 120 bln raising wages at state-owned firms

The government will allocate HUF 44 billion in 2017 to raise pay at state-owned companies, to be followed by a...

Retail

NNG launches automotive navigation industry blog

Since its launch in 2004, automotive navigation company NNG says it has striven to remain proactive and innovative in providing...

Deals

Suzuki projects expansion on Hungarian market in 2017

Japanese automotive manufacturer Suzuki plans to sell about 11,780 new passenger cars in Hungary this year, retaining its more than...

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...