Business

Pharma

Richter Earnings Slip on Flat Turnover, Financial Loss

Net income of Hungarian pharmaceutical company Gedeon Richter fell 6% to HUF 158.9 billion in 2023 as revenue stagnated and...

Deals

MOL Signs Antwerp Declaration for a European Industrial Deal

Hungarian oil and gas company MOL is among the signers of the Antwerp Declaration for a European Industrial Deal, which...

Transport

Wizz Air Named Official Carrier for Hungarian Olympic Team

Wizz Air will be the official airline for Hungarians competing at the 2024 Summer Olympics in Paris under an agreement...

Manufacturing

Ganz Announces EUR 12 mln Factory Development

Ganz Transformers and Electric Rotating Machines (Ganz) has launched a EUR 12 million technology development investment in its Rotating Machines...

HR

Teachers’ Union Demands Uniform Wage Scale in Higher Education

The Union of Higher Education Workers has issued a statement demanding that the salary scale be uniform in all higher...

Retail

Competition Office Launches Probe of Temu

Hungary's Competition Office (GVH) on Tuesday announced the launch of a probe of Chinese-owned online marketplace Temu, according to a...

Retail

Toy Seller Regio Játék Revenue Reaches HUF 21.4 bln in 2023

Revenue of Hungarian toy seller Regio Játék rose 6% to HUF 21.4 billion in 2023, the company said on Tuesday....

Sustainability

Skanska Launches ESG+ Office Package

Today, an ESG-compliant office is not only a necessity due to market changes and EU requirements, but also an added...

Manufacturing

Lithuanian Industrial Production Grows in January

Lithuania's industrial output expanded in January, driven by strong growth in the utility sector, data from Statistics Lithuania (LS) showed...

HR

Half of Employees Dissatisfied With Salary

Some 50% of employees working at companies are dissatisfied with their current salary, and 63% of them plan to change...

HR

PwC Hungary to Introduce 4-day Summer Working Week

PwC Hungary will pilot a four-day working week in its Assurance service line this summer. From June through the end...

Automotive

Avg Compulsory Vehicle Insurance Premium Close to HUF 52,900

Hungarian car owners paid almost HUF 52,900, on average, for their annual compulsory vehicle insurance premiums in the fourth quarter,...

Transport

Magyar Posta Expects Increase in Package Delivery

Magyar Posta expects an increase in package deliveries based on the government decree effective from March 28, which stipulates that...

Pharma

Richter Board Elects New Chairman

The board of Hungary's Gedeon Richter elected E. Szilveszter Vizi chairman, after accepting the resignation of Erik Bogsch, at a...

HR

Employees Want Programs Supporting Work Mental Well-being

Some 94% of the respondents said that it is essential to deal with mental well-being, according to Impact Works' latest...

Appointments

Géza Palocsay Named Managing Director of Douglas Central Europe

Géza Palocsay has been appointed managing director of Douglas Central Europe, overseeing the beauty retailer’s operations in Hungary, the Czech...

Residential

Budapest Castle District Voters Back Short-Term Rental Ban

Nearly 59% of participants in an online vote in Budapest’s District I supported a complete ban on short-term rentals, Castle...

Real Estate

Erste Real Estate Investment Fund Buys H2Offices

Skanska has agreed to sell the second phase of its H2Offices complex to Erste Open-Ended Real Estate Investment Fund, represented...

Retail

Aldi Cuts Selection and Prices, Shifts toward Stricter Discount Model

Aldi has reduced its food assortment from 2,600 to 2,100 products as part of a data‑driven cleaning process that keeps...

Business

Working for a Competitive Advantage – The Latest Issue of the BBJ

Róbert Keszte became president of the German-Hungarian Chamber of Industry and Commerce (DUIHK) in 2025. In an interview with the...

Real Estate

Investors Becoming More Selective as Markets Rebound

Commercial real estate investment across the CEE-6 markets reached EUR 5.8 billion for H1 2026 compared with EUR 5.4 bln...

Géza Palocsay Named Managing Director of Douglas Central Europe

Géza Palocsay has been appointed managing director of Douglas Central Europe, overseeing the beauty retailer’s operations in Hungary, the Czech...

Continest and Sweden’s Flexotrap Join Forces on Modular Shooting Ranges

As defense spending grows in importance across Europe following Russia’s full-scale invasion of Ukraine, local firm Continest Technologies Plc. and...

Hungary’s Housing Costs Drive Buyers Toward Garden Plots and Former Wine Cellars

Rising house prices and living costs are pushing more buyers toward properties on Hungary’s outlying garden plots and vineyard land,...

Budapest Castle District Voters Back Short-Term Rental Ban

Nearly 59% of participants in an online vote in Budapest’s District I supported a complete ban on short-term rentals, Castle...

What Might Dogs Reveal About Human Communication?

A Hungarian-led research team working out of the Department of Ethology at ELTE in Budapest is working to discover what...

Erste Real Estate Investment Fund Buys H2Offices

Skanska has agreed to sell the second phase of its H2Offices complex to Erste Open-Ended Real Estate Investment Fund, represented...

Hungary Retail Sales Rise 2.4% in August

Hungary’s retail sales volume increased 2.4% year on year in August but fell 0.7% from July, according to data from...

Hungarian EV Market Continues to Grow, Leading CEE

Electromobility in Hungary continues to grow. In the first half of the year, 7,497 new all-electric passenger cars were registered,...

GTA VI Preview Sends Hungarian Console Interest Surging

Clicks from Hungarian price comparison site Árukereső to online console retailers rose roughly sevenfold the day after the Aug. 27...

Aldi Cuts Selection and Prices, Shifts toward Stricter Discount Model

Aldi has reduced its food assortment from 2,600 to 2,100 products as part of a data‑driven cleaning process that keeps...

18,000 Truck Drivers Near Retirement, Hungary Faces Shortage

Europe currently has more than 500,000 unfilled truck‑driver positions, and another 600,000 drivers are expected to reach retirement age in...

Working for a Competitive Advantage – The Latest Issue of the BBJ

Róbert Keszte became president of the German-Hungarian Chamber of Industry and Commerce (DUIHK) in 2025. In an interview with the...

Hungary’s Industrial Producer Prices Rise 4.8% as Energy Export Prices Surge

Hungary’s industrial producer prices rose 4.8% year-on-year in August and 2.9% from July, with energy export prices climbing sharply amid...

Szentkirályi to Take Over Almdudler Distribution in Hungary From January.

Szentkirályi Magyarország is set to take over Hungarian distribution of popular Austrian herbal soft drink Almdudler on January 1, 2027....

Investors Becoming More Selective as Markets Rebound

Commercial real estate investment across the CEE-6 markets reached EUR 5.8 billion for H1 2026 compared with EUR 5.4 bln...