The Budapest Business Journal on the web

Bonyhádi Fürdő to open HUF 416 mln thermal bath in S Hungary

Thursday 12:15, April 5th, 2012

The 13,000-square-meter bath have three pools with a combined area of 640 square meters.Read more

Machinery company to expand unit with European Union funding

Thursday 12:10, April 5th, 2012

Büttner Kft invests close to HUF 270 million, including EU funding of HUF 96 million.Read more

New flights from Budapest to Amsterdam, Larnaca

Thursday 09:25, April 5th, 2012

The new flight destinations were launched by low-cost airlines Transavia.com and Wizz Air; SmartWings will also start to operate two weekly flights between Budapest and Paris.Read more

MOL pays first dividend since 2008

Thursday 09:15, April 5th, 2012

The oil and gas company proposed paying HUF 45 billion dividend from last year's profits, the amount represents more than 2% dividend yield.Read more

CBA seeks to become Hungary's top supermarket again

Wednesday 04:05, April 4th, 2012

CBA wants to increase its sales points by acquiring stores of retailers pulling out of Hungary and modernizing its own units.Read more

Wizz Air passenger numbers reach 11 mln in 2011/12 business year

Wednesday 03:55, April 4th, 2012

The discount airline targets 12 million passangers in the business year started April 1. Read more

MakTel to pay Magyar Telekom HUF 16.7 bln dividend

Wednesday 03:50, April 4th, 2012

Shareholders of the Macedonian unit approved a dividend of HUF 29.5 billion, or all of 2011 profits.Read more

Budapest mayor, banks reach agreement on BKV debt

Wednesday 03:40, April 4th, 2012

A "stand still" agreement has been signed with nine banks lending to BKV that allows the refinancing of HUF 63.1 billion of debt expiring this year.Read more

It takes 2.5 years on average to have a patent registered in Hungary

Wednesday 03:25, April 4th, 2012

There was a backlog of about 19,000 ongoing patent procedures at the time of Hungary's joining the European Patent Convention in 2003, of which now less than 20% remains, the National Intellectual Property Office says.Read more

Varian Medical Systems opens center in Budapest

Wednesday 09:30, April 4th, 2012

The US-based company makes devices and software for treating cancer and other medical conditions with radiotherapy.Read more

SMR Automotive Mirror Technology Hungary revenue climbs 10%

Wednesday 09:15, April 4th, 2012

The company's new plant, opened last September, has contributed to the increased revenue, SMR managing director says.Read more

MKB posts pre-tax losses of HUF 109 bln for 2011

Monday 06:05, April 2nd, 2012

MKB Bank losses fell slightly from HUF 117.8 bilion in the previous year.Read more

Bourse share turnover declines further in March

Monday 06:00, April 2nd, 2012

Erste Investment generated the most turnover in March.Read more

Number of mandatory liquidations up 31% in March

Monday 05:55, April 2nd, 2012

The number of voluntary liquidations jumped 53% in March from a year earlier. Read more

Budapest Stock Exchange to remain closed on Good Friday

Monday 05:55, April 2nd, 2012

The BSE will also be closed on Easter Monday, April 9.Read more

Hungary home sales rise nearly 12% in year to March

Monday 05:55, April 2nd, 2012

The number of homes sold in Hungary dropped 9% in March compared to February. Read more

State secretary announces HUF 13 bln worth of innovation tenders

Monday 05:50, April 2nd, 2012

Cséfalvay said it is the first time since summer 2010 that R+D tenders can be published from domestic funds. Read more

Hungary new car registrations up 7% in March

Monday 05:45, April 2nd, 2012

Four new buses were registered in March. Read more

Young and Partners win HUF 400 mln contract to organize events for PM's Office

Monday 05:45, April 2nd, 2012

The contract is for one year.Read more

Aphrodite/Venus Hotel building HUF 100 mln historical adventure park in W Hungary

Monday 05:40, April 2nd, 2012

The historical adventure park will focus on the arrival of the Hungarians to the Carpathian Basin in the late 800s and the period of the Ottoman Turkish occupation of Hungary from the early 1500s until the late 1600s.Read more

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