People

Appointments

New CEO at the Helm of Allianz Hungária From January

As of January 1, 2024, Gergely Bacsó is set to take over the position of CEO and chairman of the...

Appointments

Bettina Beke Joins ConvergenCE Leasing Team

Bettina Beke joined ConvergenCE's leasing team this month, according to a press release sent to the Budapest Business Journal....

Appointments

Change at Helm of Wallis Asset Management

Zsolt Müllner is leaving his position as CEO of Wallis Asset Management at his own request and will focus on...

Interview

German Business Presence in Hungary a Success Story we ‘Want to Continue,’ Says Ambassador

The 50th anniversary of diplomatic relations between Hungary and the Federal Republic of Germany will be marked on Dec. 21....

HR

Workers Look to Keep Existing Jobs Amid Gloomy Fall News

At the start of last month, the Hungarian government received some news that was probably accompanied by a great sigh...

Appointments

Zita Erős Appointed HR Director at KPMG Hungary

Zita Erős took up the position of HR director at KPMG Hungary on September 4, 2023, the Big Four firm...

HR

Minimum Wage Agreement ‘Very Likely’ by Late November

Talks on next year's minimum wage rise are "going well" and an agreement could "very likely" be reached by the...

HR

Unions Propose 10% Minimum Wage Rise for Skilled Workers

Unions have proposed the minimum wage be raised 10% for skilled workers and 15% for unskilled laborers next year, the...

Interview

World Championships Ensure Packed Launch for Radisson Hotel BudaPart

The management behind the new Radisson Hotel in BudaPart interviewed 300 candidates to find a “World Championship” team. General manager...

Appointments

Dentons Strengthens Budapest Dispute Resolution and Arbitration Team

Global law firm Dentons has strengthened its Litigation, Dispute Resolution, and Arbitration in Budapest with the recruitment of litigation partner...

HR

Romania Jobless Rate Slightly Down in August

Romania's seasonally adjusted unemployment rate edged down to 5.4% in August from a 5.5% rise in the previous month, data...

Appointments

KPMG Announces 2 Partner Appointments

KPMG Hungary has announced the appointment of two new partners as of October 1, 2023. Ildikó Takács is the new...

Appointments

Norbert Schőmer Appointed Atenor Hungary Country Director

Real estate developer Atenor has announced the appointment of Norbert Schőmer as its new country director for Hungary....

HR

Labor Unions Welcome Collective Contracts Court Decision

Labor unions welcomed a decision by the Constitutional Court annulling provisions of the Labor Code affecting collective contracts, the National...

HR

Unemployment Rate at 4% in August

The unemployment rate in Hungary stood at 4% in August 2023, according to data released by the Central Statistical Office...

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...