Business

Telco

Retail lending stock of banks down in November

Retail lending stock of Hungarian banks fell in November from the previous month, recent data from the National Bank of...

Telco

Hungary state debt reaches 74.3% of GDP at the end of Q3

Hungaryʼs state debt, calculated according to Maastricht rules, stood at 74.3% of GDP at the end of September, down from...

Retail

When two-into-one does go

Differing customer needs led Invitel Group to split one company into two. CEO David Blunck says the move is paying...

Competition

Invitel Group goes greener, renews entire fleet

Hungarian telco Invitel is renewing its entire vehicle fleet, adding models equipped with the latest eco-friendly engines that are expected...

Deals

Skanska sells Nordic Light to Erste Alapkezelő

Real estate firm Skanska has sold Nordic Light, an office complex in Budapest, to Erste Alapkezelő Zrt, a subsidiary of...

Retail

Minimum wage rises could add 2.5pp to private sector wage growth, says MNB

The National Bank of Hungary (MNB) expects the spillover effect of a recent agreement on increases in the minimum wage...

Industrial

Strabag PFS to work on office building management portfolio

Strabag Property and Facility Services Zrt. will further extend the value of its office building management portfolio through an order...

Telco

MNB accepts HUF 400 bln for three-month deposits

The National Bank of Hungary (MNB) accepted HUF 400 billion in placements in its three-month deposit for banks at a...

Deals

C&W sells former CIB Bank HQ in Budapest

Cushman & Wakefield, representing CIB Bank, have facilitated the sale of the former CIB Bank Headquarter offices in Budapest’s Szabadság...

Telco

General gov’t surplus HUF 59.3 bln in year to November, ministry confirms

Hungaryʼs cash flow-based general government surplus, excluding local councils, reached HUF 59.3 billion in the first eleven months of 2016,...

Deals

MNB raises 2017 GDP growth forecast to 3.6%

Although the National Bank of Hungary (MNB) has upped its GDP growth forecast for next year to 3.6% from the...

Deals

Ecomin bullish in raising 2017 GDP growth forecast to 4.1%

Hungary’s Ministry for National Economy expects the country’s GDP growth to accelerate, exceeding 4% in 2017, according to Hungarian news...

Deals

Rockaway Group buys Arukereso.hu from Naspers

The Prague-based Rockaway Group has acquired Hungarian online price comparison site Arukereso.hu, as well as its Romanian peer Compari.ro and...

Competition

Hungarian DO-Q-MENT partners with IBM

Hungarian document management company DO-Q-MENT has moved the operation of its services from its own storage to IBM Cloud, stepping...

Deals

Local Dentons office advises on Spadel acquisition

European mineral water concern Group Spadel’s acquisition of a 93.29% stake in Devin AD, the leading producer of bottled water...

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...