The Budapest Business Journal on the web

Hungary property market yield higher than Prague, Warsaw

Wednesday 01:10, February 22nd, 2012

The average yield for investors on Hungary's property market is 7.5%, rising over the rate of return in Prague and Warsaw.Read more

Rail Cargo Hungaria seeks to boost market share over 80%

Wednesday 11:45, February 22nd, 2012

Rail Cargo Hungaria, a unit of Austrian railway company OBB, signed two big contracts in January, and now wants to raise its market share from 80%.Read more

Automotive industry supplier KMGy puts new capacity online

Wednesday 11:35, February 22nd, 2012

Hungarian vehicle instrument maker KMGy will soon start production with 20 workers at unit Tamgép's base in Tamási.Read more

Bookseller Libri and online portal PORT.hu announce tie-up

Tuesday 04:45, February 21st, 2012

Hungarian bookseller Libri acquired 80.5% in online portal PORT.hu and announced a tie-upRead more

Sales of one-week motorway vignettes jump after four-day sticker phased out

Tuesday 04:35, February 21st, 2012

Seven times more one-week motorway vignettes have been sold since phasing out the four-day stickers on January 1Read more

Revenue of baked goods company HESI climbs 20%

Tuesday 04:30, February 21st, 2012

HESI's profit reached up to HUF 1.2 billion last yearRead more

The power of the masses: Social shopping conquers

Tuesday 08:00, February 21st, 2012

E-commerce was practically the only segment that kept Hungary’s retail sector afloat in 2011. While retail sales in general were stagnating for the most part of the year, online retail sales data show that this segment was able to grow by 17% from the previous year; total online retail sales accounted for around HUF 155 billion in 2011.Read more

Gov't officials discuss consolidation of troubled sausage maker

Monday 11:35, February 20th, 2012

Wanhua BorsodChem sales rise but miss target

Monday 11:30, February 20th, 2012

Sales and output of Hungary's Chinese-owned chemicals company rose last year, but it "failed to achieve the original targets", Wanhua BorsodChem CEO said in an interview on Monday.Read more

Debrecen inaugurates HUF 10.6 bln EU-funded health center development

Monday 11:00, February 20th, 2012

EC investigating Hungarian voucher system

Monday 10:55, February 20th, 2012

A European Union official on Sunday confirmed that the European Commission is investigating the recently introduced Hungarian food voucher system.Read more

Frequency auction appeal causes delay for state-owned consortium

Monday 10:50, February 20th, 2012

An unnamed player of the Hungarian mobile telecommunications market has appealed against the result of the fourth mobile frequency tender, Világgazdaság reported on Monday.Read more

Knaus Tabbert to undertake €900,000 capacity expansion

Monday 10:25, February 20th, 2012

Motor home maker Knaus Tabbert will invest €900,000 at its base north of Budapest by the end of summer.Read more

Wildhorse Energy to establish Uranium exploration JV in Hungary

Monday 10:20, February 20th, 2012

Hungary's state-owned Mecsek-Öko and Mecsekérc team up with Australia's Wildhorse Energy to start Uranium mining in the Mecsek hills. The project is expected to be one of Europe's biggest.Read more

Training for life

Monday 08:00, February 20th, 2012

Cutting back on free college spots and funding, merging institutions and involving the private sector in public policy: this is the government’s answer to an underperforming higher education system and ranks of unemployed fresh graduates.Read more

More than 1 mln renewed mandatory vehicle insurance contracts

Friday 05:50, February 17th, 2012

More than one million clients purchased new mandatory vehicle insurance contracts at the end of 2011, but only about 70% of them switched insurers, fresh PSzÁF data reveals.Read more

MVM shareholders apportion HUF 25 bln of equipment to telco unit

Friday 05:05, February 17th, 2012

Hungarian Electricity Works approved on Friday a HUF 25 billion capital raise at its telecommunications unit. Shareholders decided to review the "possibility of playing a role" in preparations for the Hungarian stretch of the South Stream international gas pipeline.Read more