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Marking 30 Years, Penny Hungary Makes Record Investment

Penny Hungary is carrying out a HUF 13.5 billion investment at its logistics center in Alsónémedi (25 km southeast of...

Retail

Marking 30 Years, Penny Hungary Makes Record Investment

Penny Hungary is carrying out a HUF 13.5 billion investment at its logistics center in Alsónémedi (25 km southeast of...

Hungary Employment Reaches 4.675 mln in July, Jobless Rate at 4.5%

The average number of employed people aged 15-74 in Hungary stood at 4.675 million in July, while 222,000 people were...

Vitézy: Ministry Files Criminal Complaint Over M6 Motorway Concession

Dávid Vitézy, transport and investment minister, said Saturday that his ministry had filed a criminal complaint with the Budapest Prosecution...

Corporate, Retail Lending Post Double-digit Growth in Hungary

Corporate and retail lending portfolios at Hungarian banks both expanded at double-digit rates in the 12 months to the end...

O3 Partners Plans Minority Stake in Impact Ventures Under Strategic Partnership

O3 Partners N.V. and Impact Ventures Venture Capital Fund Management Plc., together with its owner, have signed a memorandum of...

Bayer Construct Files for Bankruptcy Protection Amid Zugló Project Dispute

Bayer Construct Zrt. filed for bankruptcy protection on Wednesday, citing financial exposure linked to recent regulatory changes, the govt’s decision...

Duna Group Opens Door to Hungarian State Stake in Controversial African Road Project

Duna Group, one of the construction companies that became a major player in Hungary during the Orbán era, remains open...

AutoWallis Remains Profitable in H1 Despite Challenging Auto Market

AutoWallis Group remained profitable in H1 2026 despite a challenging automotive market, weaker performance from traditional brands, one-off costs related...

New-build Housing Prices Highlight Investment Differences Across CEE Markets

Lower new-build housing prices per sqm in Bucharest and major Polish cities than in Budapest highlight the differences investors face...

Morgan Stanley Marks 20 Years in Budapest With Global Tech, AI and Risk Functions

Morgan Stanley is marking 20 years in Budapest, where its operations have grown from a small mathematical modeling team into...

Global Payments Introduces Accessible Card Payments for Visually Impaired Users

Global Payments has introduced a new accessibility mode on its payment terminals designed to make card payments easier for blind...

Sziget Festival Sets New Mobile Data Traffic Record on Yettel Network

Festival-goers generated nearly 54 terabytes of mobile data traffic on Yettel’s network during this year’s Sziget Festival, setting a new...

Hungarian Transport Minister Announces Plans for Cycle Route Linking Győr and Budapest

Transport and Investment Minister Dávid Vitézy has announced plans to create a continuous cycle route linking Győr in northwestern Hungary...

Foreign Buyers Take Over Key Districts as Housing Crisis Deepens

The most recent housing data from the National Bank of Hungary (MNB) shows that foreign citizens accounted for 4% of...

Marking 30 Years, Penny Hungary Makes Record Investment

Penny Hungary is carrying out a HUF 13.5 billion investment at its logistics center in Alsónémedi (25 km southeast of...

Hungary Housing Market Set for Slower Price Growth, Near-record Lending in 2026

Hungary’s housing market is expected to normalize following last year’s exceptional growth, with construction and lending expanding while price growth...