Business

Telco

Average earnings up more than 12% y-o-y in April

In January–April 2018, average gross earnings amounted to HUF 322,400, while average net earnings totaled HUF 214,400. Both the latter...

Deals

MOL gains access to Adriatic gas via Croatian unit

Croatian oil and gas company INA, a subsidiary of Hungarian peer MOL, will purchase Eni Croatia BV from the Italian...

Telco

Deficit 87% of full-year target, ministry confirms

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 1,187.5 billion deficit at the end of May, the...

Interview

MNB keeps base rate on hold, raises GDP growth forecast

The Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bankʼs key rate on hold...

Competition

Airbnb commits to more transparent pricing

The Hungarian Competition Authority (GVH) has accepted commitments made by peer-to-peer home stay network Airbnb Ireland to make changes to...

Retail

Hungarians increasingly distrust mainstream media

The Reuters Institute for the Study of Journalism has released this yearʼs edition of its Digital News Report. With the...

Industrial

Budapest tops for both wages and home prices

Although the highest wages in Hungary are paid in Budapest, this is also the city where people need to work...

Pharma

Infineon inaugurates HUF 17 bln expansion

German semiconductor manufacturer Infineon Technologies inaugurated a HUF 17 billion expansion at its base in Cegléd, central Hungary, on Monday....

Deals

Public offering of BILK shares begins Wednesday

A public offering and private placement of shares of BILK Logistics, which owns one of the biggest logistics parks in...

Retail

McDonaldʼs Magyarország profits skyrocket in 2017

Revenues of McDonaldʼs Magyarországi Étterem Hálózat, which owns the 40 McDonaldʼs fast food restaurants in Hungary that do not operate...

Deals

Revetas buys TriGranit from TPG Real Estate

Revetas, a property investment firm specializing in the Central European region, has acquired Budapest-based integrated real estate concern TriGranit from...

Retail

Sándor Demján, chairman of TriGránit, dies at 74

Hungarian businessman and entrepreneur Sándor Demján, chairman of real estate company TriGránit, died Monday evening aged 74, real estate developer...

Retail

Record sales for Praktiker in 2017

Revenues of local do-it-yourself stores operating under the Praktiker brand rose by 22% to HUF 47.8 billion last year, Managing...

Telco

ISPsʼ revenues up 12% y-o-y in Q1

Revenues of internet service providers (ISPs) in Hungary rose 12% year-on-year to HUF 59.1 billion in the first quarter, shows...

Deals

Cushman & Wakefield opens Design and Build service in Budapest

Cushman & Wakefield has expanded its portfolio in Hungary by adding what it calls a “Design and Build” platform, covering...

Telco

Average earnings up more than 12% y-o-y in April

In January–April 2018, average gross earnings amounted to HUF 322,400, while average net earnings totaled HUF 214,400. Both the latter...

Deals

MOL gains access to Adriatic gas via Croatian unit

Croatian oil and gas company INA, a subsidiary of Hungarian peer MOL, will purchase Eni Croatia BV from the Italian...

Telco

Deficit 87% of full-year target, ministry confirms

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 1,187.5 billion deficit at the end of May, the...

Interview

MNB keeps base rate on hold, raises GDP growth forecast

The Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bankʼs key rate on hold...

Competition

Airbnb commits to more transparent pricing

The Hungarian Competition Authority (GVH) has accepted commitments made by peer-to-peer home stay network Airbnb Ireland to make changes to...

Retail

Hungarians increasingly distrust mainstream media

The Reuters Institute for the Study of Journalism has released this yearʼs edition of its Digital News Report. With the...

Industrial

Budapest tops for both wages and home prices

Although the highest wages in Hungary are paid in Budapest, this is also the city where people need to work...

Pharma

Infineon inaugurates HUF 17 bln expansion

German semiconductor manufacturer Infineon Technologies inaugurated a HUF 17 billion expansion at its base in Cegléd, central Hungary, on Monday....

Deals

Public offering of BILK shares begins Wednesday

A public offering and private placement of shares of BILK Logistics, which owns one of the biggest logistics parks in...

Retail

McDonaldʼs Magyarország profits skyrocket in 2017

Revenues of McDonaldʼs Magyarországi Étterem Hálózat, which owns the 40 McDonaldʼs fast food restaurants in Hungary that do not operate...

Deals

Revetas buys TriGranit from TPG Real Estate

Revetas, a property investment firm specializing in the Central European region, has acquired Budapest-based integrated real estate concern TriGranit from...

Retail

Sándor Demján, chairman of TriGránit, dies at 74

Hungarian businessman and entrepreneur Sándor Demján, chairman of real estate company TriGránit, died Monday evening aged 74, real estate developer...

Retail

Record sales for Praktiker in 2017

Revenues of local do-it-yourself stores operating under the Praktiker brand rose by 22% to HUF 47.8 billion last year, Managing...

Telco

ISPsʼ revenues up 12% y-o-y in Q1

Revenues of internet service providers (ISPs) in Hungary rose 12% year-on-year to HUF 59.1 billion in the first quarter, shows...

Deals

Cushman & Wakefield opens Design and Build service in Budapest

Cushman & Wakefield has expanded its portfolio in Hungary by adding what it calls a “Design and Build” platform, covering...

Average earnings up more than 12% y-o-y in April

In January–April 2018, average gross earnings amounted to HUF 322,400, while average net earnings totaled HUF 214,400. Both the latter...

MOL gains access to Adriatic gas via Croatian unit

Croatian oil and gas company INA, a subsidiary of Hungarian peer MOL, will purchase Eni Croatia BV from the Italian...

Deficit 87% of full-year target, ministry confirms

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 1,187.5 billion deficit at the end of May, the...

MNB keeps base rate on hold, raises GDP growth forecast

The Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bankʼs key rate on hold...

Airbnb commits to more transparent pricing

The Hungarian Competition Authority (GVH) has accepted commitments made by peer-to-peer home stay network Airbnb Ireland to make changes to...

Hungarians increasingly distrust mainstream media

The Reuters Institute for the Study of Journalism has released this yearʼs edition of its Digital News Report. With the...

Budapest tops for both wages and home prices

Although the highest wages in Hungary are paid in Budapest, this is also the city where people need to work...

Infineon inaugurates HUF 17 bln expansion

German semiconductor manufacturer Infineon Technologies inaugurated a HUF 17 billion expansion at its base in Cegléd, central Hungary, on Monday....

Public offering of BILK shares begins Wednesday

A public offering and private placement of shares of BILK Logistics, which owns one of the biggest logistics parks in...

McDonaldʼs Magyarország profits skyrocket in 2017

Revenues of McDonaldʼs Magyarországi Étterem Hálózat, which owns the 40 McDonaldʼs fast food restaurants in Hungary that do not operate...

Revetas buys TriGranit from TPG Real Estate

Revetas, a property investment firm specializing in the Central European region, has acquired Budapest-based integrated real estate concern TriGranit from...

Sándor Demján, chairman of TriGránit, dies at 74

Hungarian businessman and entrepreneur Sándor Demján, chairman of real estate company TriGránit, died Monday evening aged 74, real estate developer...

Record sales for Praktiker in 2017

Revenues of local do-it-yourself stores operating under the Praktiker brand rose by 22% to HUF 47.8 billion last year, Managing...

ISPsʼ revenues up 12% y-o-y in Q1

Revenues of internet service providers (ISPs) in Hungary rose 12% year-on-year to HUF 59.1 billion in the first quarter, shows...

Cushman & Wakefield opens Design and Build service in Budapest

Cushman & Wakefield has expanded its portfolio in Hungary by adding what it calls a “Design and Build” platform, covering...