Business

Deals

IBM Hungary names new country leader

Peter Rehus has been appointed Country Leader for IBM Hungary, transitioning from his previous position of SaaS Commercial Leader for...

Deals

Appeninn buys office building in Zugló

Real estate firm Appeninn has purchased a 3,200 square-meter class “B” office building in Zugló, in a recent move that...

Deals

Hungarian commercial real estate market grows 107% in 2016

Investors spent EUR 1.54 billion in 2016 on the Hungarian commercial real estate market, surpassing the 2015 level of EUR...

Transport

Wizz Air total revenues up 9.9% in Q3

Hungarian low-cost airline Wizz Air’s total revenues grew by 9.9% to EUR 341.1 million in Q3 of its financial year,...

Deals

ENKSZ completes purchase of EDF Démász

Hungaryʼs state-owned utilities company ENKSZ (First National Public Utility Ltd.) announced today it has completed its acquisition of EDF Démász,...

Deals

UAE investor Al Habtoor praises Hungary’s investment climate

Khalaf Ahmad Al Habtoor, the chairman of the United Arab Emiratesʼ Al Habtoor Group, praised Hungaryʼs investment environment for the...

Automotive

Hungarian customers prefer used Opel Astras, Suzuki Swifts

Hungarian men buying used cars tend to go for Opel Astra models, while women prefer Suzuki Swifts, according to the...

Competition

Air quality worsens, info grade smog alert lingers in capital

As the air quality in Budapest deteriorated significantly over the weekend, the “information grade” smog alert is being maintained for...

Retail

Praktiker Hungary names new sales director

László Bagaméri has been appointed sales director at home improvements retail chain Praktiker Hungary, taking effect from February 1, according...

Deals

MCS slaughterhouse to reach full capacity by yearʼs end

MCS aims to ramp up production at its recently completed slaughterhouse in Mohács (southwest Hungary) to 60% by March, and...

Competition

Businessesʼ data protection awareness still low, survey says

While organizations are mostly aware of upcoming data protection obligations, levels of maturity to meet the new standards are still...

Deals

Trend Micro welcomes new regional director

Paweł Malak has been appointed regional sales director at IT security firm Trend Micro, taking effect from the beginning of...

Automotive

Budapest to host AMTS car show in March

The International Automobile and Tuning Show (AMTS) will be organized at Budapest’s Hungexpo fair grounds on March 24-26, featuring almost...

Automotive

Hungary’s used car sales climbed 12% last year

Used car sales in Hungary rose about 12% close to 611,900 last year, DasWeltAuto announced based on data it collects,...

Deals

C&W closes 78,000 sqm of industrial deals in 2016

The total transactions by Cushman & Wakefield in 2016 involved 78,000 sqm of industrial space in the Hungarian market, most...

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...