People

People

Top 50 Business Services Executives: Zoltán Czuprik

Zoltán Czuprik, serving as senior director of GBS Shared Services Global Customer Care and site lead at Thermo Fisher Scientific...

People

Top 50 Business Services Executives: Elżbieta Golab

Elżbieta Golab, Tesco Business Solutions director for Central Europe, stands out among Hungary’s Top 50 Business Services Executives. With nearly...

People

Top 50 Business Services Executives: Ferenc Dákai

Since taking the helm at Leadec Kft., Ferenc Dákai has overseen remarkable growth, doubling sales and expanding the company’s workforce,...

Appointments

New HR Director at Hungary’s Largest Fleet Management Company, Ayvens

Ayvens Hungary, the country’s largest fleet management and mobility service provider created by the merger of ALD Automotive and LeasePlan,...

Appointments

New Managing Director Appointed at MSD Hungary

MSD Hungary, the local affiliate of the global innovative pharmaceutical company MSD, announced the appointment of Sean R. Smith as...

HR

Hungary’s Unemployment Rate Steady at 4.3% in December

In December 2024, Hungary's unemployment rate remained steady at 4.3%, with approximately 210,000 people unemployed, according to the latest data...

HR

VOSz Highlights Need for Guest Workers

The National Association of Entrepreneurs and Employers (VOSz) highlighted the need for guest workers during the current phase of economic...

Appointments

New Managing Director at the Rácalmás Plant of Hankook

Hankook Tire has appointed Ho Taek Lim as the new managing director of its Rácalmás factory, effective December 1, 2024....

HR

Magyar Posta in ‘Programmed’ Downsizing Amid Performance Decline

Magyar Posta is conducting a "programmed" downsizing, reportedly to circumvent formal mass layoff declarations, according to an article by hrportal.hu....

Appointments

New CEO at One of the Oldest SAP Gold Partner Companies in Hungary

Starting from January 1, 2025, with the retirement of Péter Fárizs, Attila Molnár took over the leadership of Techwave Hungary...

HR

Hungary’s Unemployment Rises to 4.5% in November 2024

Hungary’s labor market saw a decline in employment and a slight rise in unemployment in November 2024, according to data...

Inside View

The Impact of Changing Audit Rules on Business Life

This year, several legislative changes affect the field of accounting and auditing. This article reviews the three most important....

Interview

Consumption, Tariffs, and a Weaker HUF Indicate Headwinds for 2025

We spoke with Zsolt Becsey, chief economist at UniCredit Bank Hungary, Attila Csáky, head of client risk management and treasury,...

Analysis, Inside View

Factoring in Hungary: A Liquidity Solution and Regulatory Challenge

Factoring has emerged as an essential financial solution for businesses in Hungary, offering a fast and flexible way to maintain...

Appointments

Hera Cuku Named Managing Director of Lilly Hungary

Eli Lilly has appointed Hera Cuku as managing director of Lilly Hungária Kft., bringing international leadership experience and a scientific...

Interview

Rethinking Data Strategies From Storage to Recovery

As Hungarian businesses manage increasingly fragmented data and face more sophisticated cyberthreats, reliable recovery is becoming a board-level priority....

Inside View

Investing in Hungary’s Wind Renaissance: What Wind Tender Means for Stakeholders

Hungary has launched its most ambitious wind energy initiative in nearly two decades, opening a new chapter in the country’s...

Appointments

Géza Palocsay Named Managing Director of Douglas Central Europe

Géza Palocsay has been appointed managing director of Douglas Central Europe, overseeing the beauty retailer’s operations in Hungary, the Czech...

Inside View

Energy Efficiency Also a Tax Opportunity

Diversifying Hungary’s energy supply has been on the agenda for years. The rapid expansion of solar power is a major...

Inside View

The Price of Medicine: How Discrediting a Competitor Became EUR 1 bln Competition law Risk

EU competition law does not prohibit a company from being a market leader; a dominant position can be a natural...

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...

Forvis Mazars Appoints Three New Partners in Hungary

International audit and advisory firm Forvis Mazars has appointed Gabriella Gábor, Zoltán Betyák and Gergely Simon as partners in Hungary,...

Netlock Appoints George Tilesch to Lead AI and Global Strategy

Hungarian digital trust services provider Netlock has appointed Hungarian-American AI expert Dr. George Tilesch to its senior leadership team, effective...

Citi Appoints Zoltán Schwardy as Country Officer and Banking Head for Hungary

Citi has announced the appointment of Zoltán Schwardy as Citi country officer (CCO) and banking head for Hungary, effective Sept....

Hera Cuku Named Managing Director of Lilly Hungary

Eli Lilly has appointed Hera Cuku as managing director of Lilly Hungária Kft., bringing international leadership experience and a scientific...

Rethinking Data Strategies From Storage to Recovery

As Hungarian businesses manage increasingly fragmented data and face more sophisticated cyberthreats, reliable recovery is becoming a board-level priority....

DUIHK Central to the German-Hungarian Bilateral Economic Relationship

Róbert Keszte became president of the German-Hungarian Chamber of Industry and Commerce (DUIHK) in 2025. In this interview with the...

Workload Outweighs Pay as Source of Workplace Distress

Workload, lack of recognition and job insecurity drive workplace distress among Hungarian employees, while pay remains their top priority, according...

CBRE Hungary Expands China Desk as Chinese Clients Pursue European Projects

CBRE Hungary has appointed Tu Yunfeng as business development manager at its China Desk, expanding the Budapest-based team as Chinese...

Investing in Hungary’s Wind Renaissance: What Wind Tender Means for Stakeholders

Hungary has launched its most ambitious wind energy initiative in nearly two decades, opening a new chapter in the country’s...

Géza Palocsay Named Managing Director of Douglas Central Europe

Géza Palocsay has been appointed managing director of Douglas Central Europe, overseeing the beauty retailer’s operations in Hungary, the Czech...

Energy Efficiency Also a Tax Opportunity

Diversifying Hungary’s energy supply has been on the agenda for years. The rapid expansion of solar power is a major...

Hungary’s Unemployment Rate Reaches 4.7% in August

Hungary’s unemployment rate stood at 4.7% in August, with 229,000 people unemployed and 4.654 mln employed among those aged 15-74,...

Realis Group Plans International Expansion as Krisztián Hornok Joins as Partner

Krisztián Hornok has joined Realis Group as a partner as the company prepares to expand its real estate business beyond...

The Price of Medicine: How Discrediting a Competitor Became EUR 1 bln Competition law Risk

EU competition law does not prohibit a company from being a market leader; a dominant position can be a natural...