People

HR

How to earn your employees’ loyalty?

Hiring and training new employees is an expensive and long process, therefore it’s advisable to focus on keeping the high-performing...

Interview

Government to cut VAT on internet services, despite EU request to wait

The Hungarian government is planning to lower the VAT rate on internet services from January, despite an EU commissionerʼs request...

Interview

Rate-setters stand by position on monetary policy

The Monetary Council of the National Bank of Hungary (MNB) stood by its position to hold the central bankʼs key...

Interview

Central bank holds non-rate-setting meeting

The Monetary Council of the National Bank of Hungary (MNB) yesterday held a non-rate-setting meeting, according to reports....

Interview

Minister says he got lost in Brussels, feared for his life

Hungarian Foreign Minister Péter Szijjártó described being lost in a Brussels neighborhood that so intimidated him he felt the need...

Interview

Authority plans tender for Class FM’s frequency

The Media Council of Hungaryʼs National Media and Infocommunications Authority (NMHH) has refused the request of national commercial radio station...

Interview

Officials: Hungary, Poland should strengthen ties post-Brexit

Hungary and Poland would benefit from strengthened bilateral relations following the United Kingdom’s decision to leave the European Union, officials...

HR

Nokia enjoys SSC success In Budapest

Patrícia Iszak, Head of FSS Record to Report at Nokia, talks about Nokiaʼs SSC business in Budapest, Hungary....

Interview

Class FM gets new owners in media market shakeup

Sláger Rádio Zrt. announced in a press conference this afternoon that they have purchased ownership of Class FM, one of...

Interview

Analysts project 15bp cut in base lending rate Tuesday

Analysts polled by Reuters expect the Hungarian National Bank’s policy makers to lower the central bank’s base rate by 15bp...

Interview

Official: MNB could cut base rate once more

The National Bank of Hungary (MNB) is likely to cut its main interest rate one more time, but any further...

HR

MTel employees to become entitled to shares

The board of Magyar Telekom, the Hungarian subsidiary of German telco giant Deutsche Telekom, yesterday decided to launch a program,...

Interview

Former PM responds to Magyar Idők article

In response to an article published by government-friendly daily Magyar Idők, former Hungarian Prime Minister Péter Medgyessy said today that...

Interview

Szijjártó, American companies discuss competitiveness in Budapest

Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó and leaders of the American Chamber of Commerce (AmCham) today discussed...

Interview

Varga: Hungary could turn to court over Eximbank debate with Eurostat

If Hungary’s dispute with the European Union’s statistics office Eurostat “ends unfavorably” for Hungary regarding the outlays of state-owned Eximbank,...

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...