BBJ - Budapest Business Journal

International arrest warrants have been issued for Ádám Matolcsy, son of former Hungarian central bank Governor György Matolcsy, and businessman György Stofa, prosecutors said Wednesday.

Appointments

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. 7, 2026. He reports to Munir Nanji, Citi’s Central Europe head.

Pharma

From Youth-led Ideas to Decision-Makers’ Table: A Day Revolving Around the Future of Hungarian Science and Healthcare

How can Hungary become a regional hub for clinical trials? Young physicians, researchers, and biotech innovators spent a morning tackling this question among other pressing issues for the future of healthcare in Hungary at the “Next Gen Health” event organized by Swisscham Hungary, Roche Hungary Ltd., and the Hungarian Biotech Association.

INSIDE VIEW

Investing in Hungary’s Wind Renaissance: What Wind Tender Means for Stakeholders

Energy Efficiency Also a Tax Opportunity

The Price of Medicine: How Discrediting a Competitor Became EUR 1 bln Competition law Risk

Transfer Pricing Remains a Perennial Pharma Industry Issue: New Regulations Bring Fresh Challenges

Pay Transparency: A Practical Tool for Comparing the Value of Different Roles

Energy Investment in Hungary: Sectors, Returns, and the Legal Infrastructure That Makes it Possible

Europe’s new Insolvency Rulebook: What it Means for Hungary

Cyber Resilience Act: Companies Face First 2026 deadline

From Pay Reporting to Litigation Risk: The Impact of the EU Pay Transparency Directive

Hungary’s Proposed Insolvency Regime: What Would the Draft Law Change?

Sci-Fi Today: Tax Returns Entrusted to Machines

Advantages of Hungarian Trust Asset Management Also Available to Foreigners

Mind the 5%: Getting Ahead of Gender Pay Gap Rules in Hungary

Adaptive Reuse of Existing Office Building Stock: Legal Pitfalls

Double Benefit: Energy Efficiency With Tax Benefits

Analysis

Kopint-Tárki Forecasts Hungary’s GDP Growth at 2.5% in 2027

Economic research institute Kopint-Tárki expects Hungary’s GDP to grow by approximately 2.5% in 2027, according to a new forecast released...

Government

Hungary’s 2027 Budget Combines Tax Relief, Spending Rises and Cost Cuts

Hungary’s 2027 budget will prioritize “fairness” and “development” through tax relief, higher public sector wages and EU-funded investments, Finance Minister...

PRESENTED CONTENT

Enthusiastic Visionary Optimistic About Sustainable Future

Rethinking Data Strategies From Storage to Recovery

EU Funding Upgrades the Electricity Grid, the Foundation of the Future Energy System

Renewing the Spirit of Countryside Wellness Hospitality

Debrecen to Host Europe’s Battery Leaders at Hungarian Battery Days in November

The Business Case for Building Less, and Managing Better

Domestic

Former Hungarian Central Bank Governor György Matolcsy Taken Into Custody

Former MNB Governor György Matolcsy was taken into custody this morning. His lawyer said he is suspected of economic fraud...

Office Market

Budapest Office Vacancy Rises to 13.1% as Leasing Demand Falls Year-on-Year

Budapest’s office vacancy rate rose to 13.1% in the third quarter of 2026, while total leasing demand fell 9% year-on-year,...

BUSINESS

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...

Fintech

Revolut Users Report Disruptions to Payments, Transfers and Currency Exchange

Revolut users experienced problems with several services on Tuesday morning, including card payments, transfers and currency exchange, Hungarian fintech portal...

Business

Finding the Circularity Hotspot – The Latest Issue of the BBJ

Irén Márta, managing director of the Business Council for Sustainable Development in Hungary, says “circularity has outgrown its role as...

Telco

Hungary Among EU’s Most Expensive Countries for Mobile Services

A European Commission study comparing 2024 consumer telecom prices across the EU found that Hungary is among the most expensive...

PSS Expands Hungarian Capacity Serving BMW, Mercedes and Others

Premium Sound Solutions is expanding its Hungarian manufacturing footprint with a new purpose-built plant at LogStar Park Fehérvár in Szabadbattyán...

Wizz Air Enters Winter With Fuel Hedges and Record Summer Traffic

Discount airline Wizz Air is preparing for winter with more than EUR 2.2 billion in liquidity and fuel hedges covering...

Older Small Cars Rise in Price as Hungary’s Budget Used-Car Supply Shrinks

Suzuki Swift asking prices rose 25.8% year-on-year in September as the share of used cars below HUF 2.5 mln shrank,...

Budapest’s District VI Adopts Outdoor Advertising Ban to Protect Historic Streetscape

Budapest’s District VI council approved a ban on outdoor advertising Thursday in order to protect Terézváros’ historic streetscape and reduce...

ECONOMY

MNB

MNB Holds Base Rate at 5.5%, Maintains Symmetric Interest Rate Corridor

The Monetary Council of the National Bank of Hungary (MNB) left the base rate unchanged at 5.5% at its monthly...

Figures

Hungary’s 2027 Budget Assumes 2.4% GDP Growth, 3% Inflation

Hungary’s draft 2027 budget assumes GDP growth of 2.4% and average annual inflation of 3%, Prime Minister Péter Magyar said...

Energy Trade

Hungary Still EU’s Largest Buyer of Russian Pipeline Gas

Despite reducing its Russian pipeline gas purchases by 10%, Hungary remained the European Union's largest buyer in the first eight...

Figures

Hungary’s Gross Wages Rise 8.4% to HUF 740,600 in August

Average gross monthly earnings for full-time employees in Hungary rose 8.4% year-on-year to HUF 740,600 in August, according to the...

Dongwha Plant’s Environmental Permit Revoked in Hungary

The environmental permit for South Korea’s Dongwha electrolyte manufacturing and NMP recycling plant in Sóskút has been revoked following an...

Large-scale Energy Storage Enters Center Stage

The role of storage in Hungary’s energy supply system was neglected for far too long. Now things are moving fast,...

Hungarian Business Groups Urge Changes to Draft Wealth Tax

Fourteen Hungarian business organizations have issued a joint statement calling for changes to the proposed wealth tax, including relief for...

AI Boom, USD 100 Oil and 5% Bond Yields Reshape Investment Outlook

An AI-driven technology rally, oil prices above USD 100 and U.S. Treasury yields around 5% are reshaping investment opportunities, according...

POLITICS

Government

Hungary Plans 9% Income Tax for Minimum Wage Earners in 2027 Budget

Hungary is set to cut the personal income tax (PIT) rate for minimum wage earners from 15% to 9% next...

Int'l Relations

Péter Magyar Condemns Violence in France, Vows to Maintain Strict Migration Policy

PM Péter Magyar condemned recent violence and vandalism in France, expressing solidarity with the French people and reaffirming Hungary’s commitment...

Int'l Relations

Hungary Secures Norway Grants Agreement Worth HUF 92 bln

Hungary has concluded negotiations on the Norway and EEA Grants mechanism, securing more than HUF 92 billion in funding, Minister...

Domestic

British Man Sentenced to Nine Years for Drug Trafficking in Hungary

The Tatabánya Regional Court in Hungary sentenced a British man to nine years in prison for drug trafficking Friday and...

Hungary and Ukraine Seek Fresh Start as Magyar Welcomes Minority Rights Pact

PM Péter Magyar welcomed a political agreement on strengthening the rights of ethnic Hungarians in Transcarpathia during talks with Ukrainian...

Hungary Broke EU Law by Releasing Convicted People Smugglers, Court Rules

Hungary violated EU law by automatically converting prison sentences for convicted people smugglers into “special reintegration detention,” the Court of...

Two Men Detained in Budapest Over Alleged Drug Smuggling From the Netherlands

Police detained two Hungarian men suspected of bringing drugs into Hungary by train from the Netherlands, the National Bureau of...

Péter Magyar Seeks EU Funding for Hungary’s Border Fence and Protection

Hungary will seek dedicated EU funding to strengthen its border fence and border protection during negotiations on the bloc’s next...

BUDAPEST

Awards

Genomate Health Wins BE100 Award, Selected for GBP 100,000 Investment

Genomate Health, which conducts Hungarian research and clinical operations through Oncompass Medicine, has won the BE100 Health & Wellness category...

INSIDE VIEW

PRESENTED CONTENT

BUSINESS

Appointments

Fintech

ECONOMY

MNB

Figures

POLITICS

Government

Int'l Relations

BUDAPEST

Awards

Conferences