From September 2025, Gabriella Bábel will take up the position of managing director at Microsoft Hungary, the company has announced on its website. Over the past decade, Gabriella Bábel has held senior commercial management positions at Microsoft in Hungary and regional roles, and in 2018, she was also acting managing director of the company for […]

In the second quarter of 2025, the construction industry environment showed signs of mild recovery in certain segments, which is an encouraging sign for the future. However, on the markets relevant to Masterplast, no significant increase in demand was observed yet, most of the growth expected in the next quarter. As a result, the company’s […]

The modern industrial and logistics real estate stock in Hungary amounted to 5.84 million square meters at the end of the second quarter this year, with deliveries in the capital and the countryside increasing the stock by a total of 91,320 square meters, the Budapest Research Forum (BRF) told MTI on Wednesday. Between April and […]

Chinese car manufacturer BYD says it has long-term plans for Europe, and construction of its Hungarian factory is proceeding according to plan, despite press reports to the contrary. According to the information provided by BYD Hungary to MTI on Wednesday, production is scheduled to start at the end of the year, and cars will soon […]

The Abu Dhabi Securities Exchange (ADX), one of the fastest-growing and leading exchanges in the Middle East, and the Budapest Stock Exchange (BSE), the second largest exchange in Central and Eastern Europe, signed a Memorandum of Understanding (MOU) to collaborate on a number of key initiatives, BSE announced in a press release. The MOU sets […]

The Hungarian electronics manufacturing firm Videoton Holding has signed an agreement with the owners of Limtronik GmbH, under which Limtronik GmbH, which employs 150 people in Limburg near Frankfurt, and Limtronik USA in Denver have become members of the Hungarian-owned group of companies. According to Videoton Holding's announcement on Tuesday, the new member companies are […]

At its meeting on this Tuesday, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided not to change the central bank interest rates, leaving its base rate at 6.5%. According to the press release after the meeting, the primary objective of the National Bank of […]

After a record first quarter, passenger traffic at Ferenc Liszt International Airport continues to climb steadily, the airport operator firm Budapest Airport has announced. The airport handled 9,071,236 passengers in the first half of the year, 15% more than in the same period last year, which approaches the total passenger traffic of the entire year […]

When they need a loan, Hungarians still turn primarily to family members for financial assistance, but compared to last year, there has been a change in that they are more willing to ask friends and colleagues than financial institutions and financial service providers, according to a representative survey of 1,000 people in nine countries commissioned […]

This year marks the 50th anniversary of the establishment of diplomatic relations between the People’s Republic of China and the European Union. The Chinese press has remembered the occasion in several articles. According to the Xinhua news agency’s summary, shared by the Chinese Embassy in Budapest, the most valuable experience of the 50-year history of […]

The Hungarian market for new electric passenger cars (EVs) is not expected to see the same dynamic growth this year as last year, while the segment's share of total sales, at around 7%, continues to lag behind the European average. However, EVs could account for 12-13% of KIA's sales, according to Norbert Nagy, president of […]

Hungary’s economic recovery faced a fresh setback in May as wage growth fell to its slowest pace in more than two years, signaling weakening household purchasing power and raising doubts about a consumer-driven rebound ahead of the 2026 election. Data released this week by the Hungarian Central Statistical Office showed that average gross wages rose […]

Following the establishment of its Hungarian subsidiary in 2021, Tulip Interfaces is expanding its Budapest hub with a new R&D project, the Hungarian Investment Promotion Agency (HIPA) reports. The American manufacturing technology company’s local team will grow by 26 engineers as a result of the investment, whose task will be to support the development of […]

Although the previous labor shortage has eased over the past year, the Hungarian labor market still can't breathe easy. According to a recent analysis by Work Force, the economic slowdown has led to more potential candidates, but companies are still struggling to find suitably qualified and motivated workers, especially in manufacturing, the automotive industry, and […]

The Budapest Research Forum (BRF), which comprises CBRE, Colliers, Cushman & Wakefield, ESTON International, iO Partners and Robertson Hungary, has published its Q2 2025 Hungarian office market summary. The total modern office stock currently adds up to 4,426,050 sqm, consisting of 3,548,815 sqm of ‘A’ and ‘B’ category speculative office space as well as 877,235 […]