The Budapest Business Journal on the web

Polish factoring company plans investments in Hungary

Tuesday 10:30, March 6th, 2012

The company, aiming to become the leading factor in Central Europe, says Hungary's factoring market is not as developed as the one in Poland because Hungarian banks do not have factoring partners.Read more

SUU 2012: local startups, global outlook

Tuesday 09:50, March 6th, 2012

For the fifth time this year, StartUp Underground holds its annual conference on the 8 March, showcasing the most promising local startups and inquisiting the secret behind international success. Read more

Electro-Coord starts HUF 500 mln fluorescent light recycling plant

Monday 04:50, March 5th, 2012

The construction of the plant can recycle 500-600 tonnes of the lights a year, and will recycle lights from Romania as well as Hungary.Read more

Szentkirályi revenue climbs 13% in 2011

Monday 04:45, March 5th, 2012

The mineral water bottler's revenue rose to HUF 6.05 billion in 2011. The company is projecting a 14% revenue increase this year.Read more

Nestlé to buy more than 100 tons of Hungarian paprika

Monday 04:30, March 5th, 2012

The paprika will spice up Nestlé's Maggi products.Read more

Hungary Meat revenue up 27%

Monday 04:25, March 5th, 2012

The company had HUF 74 billion revenue in 2011, selling 80% of its output on export markets including Japan, Korea, South Africa, and Italy.Read more

Leasing Association plans info campaign for troubled clients

Monday 11:15, March 5th, 2012

Number of aircrafts directed by HungaroControl down about 2% last year

Monday 10:55, March 5th, 2012

Although the Malév shutdown had negative effect on HungaroControl, the air traffic controller does not expect a significant fall in revenue in the long term.Read more

Airport police reject Ryanair complaints

Monday 10:45, March 5th, 2012

The airline will cancel 13 flights in the next two weeks, as it sees police control too strict at Budapest Airport, saying there is no such practice at any of the 170 other European airports.Read more

Hungarians on the bookshelf

Saturday 10:30, March 3rd, 2012

The translations of some Hungarian authors have managed to secure fixed spots on international bookshelves. What is the secret of their success?Read more

Foreign visitors to Hungary rises 2.4% in Q4, up 3.5% in 2011

Friday 10:55, March 2nd, 2012

The number of foreign visitors rose to 41.304 million, and the number of Hungarians traveling abroad was 16.634 million in 2011.Read more

Television generates less, radio more ad revenue in 2011

Thursday 04:45, March 1st, 2012

Competition Office establishes M&A offices

Thursday 04:00, March 1st, 2012

GVH aims to speed up the review process for mergers and acquisitions, thus reducing businesses' bureaucratic burden.Read more

Audi Hungaria revenue climbs to €5.6 bln in 2011

Thursday 03:20, March 1st, 2012

The company's capital expenditures rose about 230% last year, and considering the total amount it has spent at its base in Győr, it is now the biggest private investor in Hungary, Audi CFO says.Read more

E-Star Alternative 2011 revenue more than doubles on acquisition

Thursday 03:15, March 1st, 2012

Net profit of the Hungarian energy service company dropped in 2011 but revenue was lifted by the acquisition of Polish peer EETEK.Read more

New car registrations up 20% in February

Thursday 02:10, March 1st, 2012

The number of new passanger car registrations was up in February from the same period a year ago, but large commercial vehicles and motorcycles registrations fell back.Read more

Capital's waterworks contract canceled

Thursday 01:40, March 1st, 2012

There had been a serious breach of contract by foreign investors that led to the cancellation, Budapest mayor Tarlós said.Read more

Hungarians establish consulting company in Bangkok

Wednesday 10:30, February 29th, 2012

Their aim is to to promote trade between Thailand and Hungary.Read more

Shared Service Centers lease 10% of A-category office space

Wednesday 10:05, February 29th, 2012

SSCs move to the CEE region, as they notice the advantage of Hungary's quality worforce, language skills, and infrastructure.Read more

Syngenta sees 5% revenue rise

Wednesday 09:25, February 29th, 2012

A recently announced development will increase capacity in maize processing and harvesting, seed storage, and farmers' annual revenues in 2012.Read more

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