Business

Pharma

Richter drug wins Innovation Grand Prize

The Hungarian Innovation Foundation has awarded Hungarian drugmaker Gedeon Richter the Innovation Grand Prize for its atypical antipsychotic cariprazine (marketed...

Industrial

Stadler to spend HUF 10 bln on capacity expansion

Swiss railway rolling stock manufacturer Stadler will invest HUF 10 billion to double capacity at its train body and bogie...

Telco

Vienna Insurance Group to merge units from April 1

Vienna Insurance Group (VIG) will merge its three Hungarian units from April 1, Hungarian group member Union Biztosító said on...

Industrial

Resale home prices up 19% year-on-year

Average home prices per square meter have grown sharply both in Budapest and major cities in Hungary, according to 10,000...

Interview

MNB projects higher growth, stands by inflation forecasts

The National Bank of Hungary (MNB) on Tuesday said it is standing by its inflation forecast for this year in...

Deals

Fireplace maker launches HUF 3.6 bln expansion

Wamsler, Central Europeʼs biggest maker of fireplaces and stoves, laid the cornerstone of a HUF 3.6 billion expansion at its...

Office Market

One-time transformer station turned into offices

An unusual architectural project was inaugurated on Tuesday in Budapest with the conversion of a former electrical transformer station into...

Automotive

Shinheung completes HUF 8 bln Hungarian battery parts plant

South Korean-owned Shinheung SEC has completed a HUF 8 billion battery parts plant in Monor, southeast of Budapest, supported with...

Deals

Opus to buy out Czech partner from Mátrai Erőmű

Just days after announcing completion of the indirect acquisition of a 72.66% majority in power station Mátrai Erőmű through a...

Telco

MNB FX swap stock edges up after tender

The stock of "fine-tuning" FX swaps of the National Bank of Hungary (MNB) rose by a slight HUF 3 billion...

Office Market

Eiffel Square wins BREEAM Excellent certification

The Eiffel Square office building has been qualified Excellent in the BREEAM asset performance appraisal method in the In-Use Asset...

Logistics

GKIʼs economic sentiment index weaker in March

After its historic peak in February, GKI’s index of economic sentiment fell slightly in March to 8.6, from 9.5 in...

Pharma

Hankook further expands tire plant

South Koreaʼs Hankook Tire Magyarország will start the fourth phase of the expansion of its plant in Rácalmás, southwest of...

Telco

Raiffeisen net profit up 81% in 2017

Raiffeisen Bank had net profit of HUF 28.5 billion last year, the largest ever profit in the history of the...

Pharma

Belgian-Turkish JV to build HUF 6.4 bln plant in northeast Hungary

Ravaber, a company set up by Belgiumʼs Ravago group and Turkeyʼs Beşler Tekstil, will build a HUF 6.4 billion plant...

Pharma

Richter drug wins Innovation Grand Prize

The Hungarian Innovation Foundation has awarded Hungarian drugmaker Gedeon Richter the Innovation Grand Prize for its atypical antipsychotic cariprazine (marketed...

Industrial

Stadler to spend HUF 10 bln on capacity expansion

Swiss railway rolling stock manufacturer Stadler will invest HUF 10 billion to double capacity at its train body and bogie...

Telco

Vienna Insurance Group to merge units from April 1

Vienna Insurance Group (VIG) will merge its three Hungarian units from April 1, Hungarian group member Union Biztosító said on...

Industrial

Resale home prices up 19% year-on-year

Average home prices per square meter have grown sharply both in Budapest and major cities in Hungary, according to 10,000...

Interview

MNB projects higher growth, stands by inflation forecasts

The National Bank of Hungary (MNB) on Tuesday said it is standing by its inflation forecast for this year in...

Deals

Fireplace maker launches HUF 3.6 bln expansion

Wamsler, Central Europeʼs biggest maker of fireplaces and stoves, laid the cornerstone of a HUF 3.6 billion expansion at its...

Office Market

One-time transformer station turned into offices

An unusual architectural project was inaugurated on Tuesday in Budapest with the conversion of a former electrical transformer station into...

Automotive

Shinheung completes HUF 8 bln Hungarian battery parts plant

South Korean-owned Shinheung SEC has completed a HUF 8 billion battery parts plant in Monor, southeast of Budapest, supported with...

Deals

Opus to buy out Czech partner from Mátrai Erőmű

Just days after announcing completion of the indirect acquisition of a 72.66% majority in power station Mátrai Erőmű through a...

Telco

MNB FX swap stock edges up after tender

The stock of "fine-tuning" FX swaps of the National Bank of Hungary (MNB) rose by a slight HUF 3 billion...

Office Market

Eiffel Square wins BREEAM Excellent certification

The Eiffel Square office building has been qualified Excellent in the BREEAM asset performance appraisal method in the In-Use Asset...

Logistics

GKIʼs economic sentiment index weaker in March

After its historic peak in February, GKI’s index of economic sentiment fell slightly in March to 8.6, from 9.5 in...

Pharma

Hankook further expands tire plant

South Koreaʼs Hankook Tire Magyarország will start the fourth phase of the expansion of its plant in Rácalmás, southwest of...

Telco

Raiffeisen net profit up 81% in 2017

Raiffeisen Bank had net profit of HUF 28.5 billion last year, the largest ever profit in the history of the...

Pharma

Belgian-Turkish JV to build HUF 6.4 bln plant in northeast Hungary

Ravaber, a company set up by Belgiumʼs Ravago group and Turkeyʼs Beşler Tekstil, will build a HUF 6.4 billion plant...

Richter drug wins Innovation Grand Prize

The Hungarian Innovation Foundation has awarded Hungarian drugmaker Gedeon Richter the Innovation Grand Prize for its atypical antipsychotic cariprazine (marketed...

Stadler to spend HUF 10 bln on capacity expansion

Swiss railway rolling stock manufacturer Stadler will invest HUF 10 billion to double capacity at its train body and bogie...

Vienna Insurance Group to merge units from April 1

Vienna Insurance Group (VIG) will merge its three Hungarian units from April 1, Hungarian group member Union Biztosító said on...

Resale home prices up 19% year-on-year

Average home prices per square meter have grown sharply both in Budapest and major cities in Hungary, according to 10,000...

MNB projects higher growth, stands by inflation forecasts

The National Bank of Hungary (MNB) on Tuesday said it is standing by its inflation forecast for this year in...

Fireplace maker launches HUF 3.6 bln expansion

Wamsler, Central Europeʼs biggest maker of fireplaces and stoves, laid the cornerstone of a HUF 3.6 billion expansion at its...

One-time transformer station turned into offices

An unusual architectural project was inaugurated on Tuesday in Budapest with the conversion of a former electrical transformer station into...

Shinheung completes HUF 8 bln Hungarian battery parts plant

South Korean-owned Shinheung SEC has completed a HUF 8 billion battery parts plant in Monor, southeast of Budapest, supported with...

Opus to buy out Czech partner from Mátrai Erőmű

Just days after announcing completion of the indirect acquisition of a 72.66% majority in power station Mátrai Erőmű through a...

MNB FX swap stock edges up after tender

The stock of "fine-tuning" FX swaps of the National Bank of Hungary (MNB) rose by a slight HUF 3 billion...

Eiffel Square wins BREEAM Excellent certification

The Eiffel Square office building has been qualified Excellent in the BREEAM asset performance appraisal method in the In-Use Asset...

GKIʼs economic sentiment index weaker in March

After its historic peak in February, GKI’s index of economic sentiment fell slightly in March to 8.6, from 9.5 in...

Hankook further expands tire plant

South Koreaʼs Hankook Tire Magyarország will start the fourth phase of the expansion of its plant in Rácalmás, southwest of...

Raiffeisen net profit up 81% in 2017

Raiffeisen Bank had net profit of HUF 28.5 billion last year, the largest ever profit in the history of the...

Belgian-Turkish JV to build HUF 6.4 bln plant in northeast Hungary

Ravaber, a company set up by Belgiumʼs Ravago group and Turkeyʼs Beşler Tekstil, will build a HUF 6.4 billion plant...