Business

Interview

Russia to stand firm on raw timber duties – official

Russia will not back down on plans to increase duties on its timber exports, a senior official said on Thursday,...

Interview

OECD predicts slower Czech growth, urges more fiscal reform

The Czech Republic’s booming economy is to grow slower in coming years and will be in need of further fiscal...

Interview

OECD predicts slower Czech growth, urges more fiscal reform

The Czech Republic’s booming economy is to grow slower in coming years and will be in need of further fiscal...

Interview

Cbanker says Hungary should tackle growth problem

Hungary needs deep cuts in social spending to leave more room for economic growth which is much slower than in...

Interview

Cbanker says Hungary should tackle growth problem

Hungary needs deep cuts in social spending to leave more room for economic growth which is much slower than in...

Pharma

Atrium Centers to make €300 mln investment in Romania

Atrium Centers, a Budapest-based property-management company, will build shopping centers in four cities in Romania for €300 million with financing...

Pharma

Atrium Centers to make €300 mln investment in Romania

Atrium Centers, a Budapest-based property-management company, will build shopping centers in four cities in Romania for €300 million with financing...

Deals

Paper: Gazprom set to buy TNK-BP by year end – extended

Gazprom is willing to buy a controlling stake in the Russian-British joint oil venture TNK-BP by the end of the...

Deals

Paper: Gazprom set to buy TNK-BP by year end – extended

Gazprom is willing to buy a controlling stake in the Russian-British joint oil venture TNK-BP by the end of the...

Deals

German railways mulling takeover of major shipping line

Deutsche Bahn, the government-owned German railways company, is mulling a takeover bid for TUI, a German holidays and shipping company...

Deals

German railways mulling takeover of major shipping line

Deutsche Bahn, the government-owned German railways company, is mulling a takeover bid for TUI, a German holidays and shipping company...

Deals

MOL shareholders rebuff OMV in bitter fight

Hungarian oil and gas group MOL’s board pushed through all of its proposals at Wednesday’s annual shareholders’ meeting, despite opposition...

Deals

MOL shareholders rebuff OMV in bitter fight

Hungarian oil and gas group MOL’s board pushed through all of its proposals at Wednesday’s annual shareholders’ meeting, despite opposition...

Competition

Russia slaps $256 mln tax claim on TNK-BP

Russia’s tax service is claiming 6 billion rubles ($255.6 million) in back taxes on several units of BP’s Russian venture...

Competition

Russia slaps $256 mln tax claim on TNK-BP

Russia’s tax service is claiming 6 billion rubles ($255.6 million) in back taxes on several units of BP’s Russian venture...

Inside View

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

Hungary has launched its most ambitious wind energy initiative in nearly two decades, opening a new chapter in the country’s...

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...

Inside View

Energy Efficiency Also a Tax Opportunity

Diversifying Hungary’s energy supply has been on the agenda for years. The rapid expansion of solar power is a major...

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...

Resident Evil Game Prices Rise Around Film Premiere

Physical console editions of several Resident Evil games rose in price around the film’s Sept. 17 theatrical release, according to...

FDA Accepts Richter’s Fylrevy Menopause Therapy Application for Review

The U.S. Food and Drug Administration (FDA) has accepted Gedeon Richter’s new drug application for Fylrevy, the Hungarian pharmaceutical company...

DUIHK Central to the German-Hungarian Bilateral Economic Relationship

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

Egis Opens Major Pharmaceutical Distribution Center in Fót

Egis has opened a distribution center in Fót with capacity for 30,000 pallets, expanding its finished-product logistics operations to support...

Civil Engineering Surge Masks Decline in Building Construction

Civil engineering output more than doubled in Hungary in August, while building construction declined and the volume of new contracts...

Workload Outweighs Pay as Source of Workplace Distress

Workload, lack of recognition and job insecurity drive workplace distress among Hungarian employees, while pay remains their top priority, according...

CBRE Hungary Expands China Desk as Chinese Clients Pursue European Projects

CBRE Hungary has appointed Tu Yunfeng as business development manager at its China Desk, expanding the Budapest-based team as Chinese...

Spar Files New EU Complaint Over Hungary’s Retail Tax

Spar has filed another complaint with the European Commission over Hungary’s retail sector tax, arguing that amendments offer relief only...

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

Hungary has launched its most ambitious wind energy initiative in nearly two decades, opening a new chapter in the country’s...

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,...

Energy Efficiency Also a Tax Opportunity

Diversifying Hungary’s energy supply has been on the agenda for years. The rapid expansion of solar power is a major...

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...