People

Interview

PM tells co’s to take it or leave it

High taxes and social security contributions in Hungary may force businesses to move their headquarters to Slovakia, Gábor Széles, president...

Interview

Gov’t sets up State Reform Committee

The government has set up the State Reform Committee and the National Development Committee will be set up as of...

Interview

Gyurcsány announces new cabinet

Prime Minister Ferenc Gyurcsány announced his new cabinet on Friday. A number of ministries have been combined or redefined so...

Interview

Business tax to go up 10%, health insurance to double

Hungary's simplified business tax will be raised to 25% from 15% from September 1 and national health insurance contributions will...

Interview

Parliament passes law on ministries

Parliament approved on Tuesday legislation allowing for the establishment of eleven ministries, in addition to the Prime Minister's Office, under...

Interview

Five parties agree on amending constitution

The five parties with seats in Parliament on Monday agreed on amending the Constitution to clear the way for forming...

Interview

New Health Minister aims to attract private insurers

Lajos Molnár, who was picked as Hungary's new health minister on Friday, aims to scrap the state health insurance system...

Interview

SzDSz names ministry heads

Junior governing coalition partner SzDSz named on Friday the heads of the three ministries it will be in charge of...

Interview

New gov’t to be formed on June 9, earlier than planned

Ongoing coalition talks have progressed at a faster rate than expected, so the new government can be formed earlier than...

Interview

Hungary will miss deficit targets in 2006, 2007, EU says

Hungary's budget deficit will widen further in the next two years, moving the country further away from euro adoption limits...

Interview

Gov’t prepares for Ft 350 bln budget consolidation

The government is preparing measures which will reduce the general government deficit by Ft 300 billion-Ft 350 billion, national daily...

Interview

Monetary Council keeps base rate unchanged at 6%

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the base rate unchanged at 6% at...

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...