Business

Transport

Phase 1 of Railway Upgrade Around Debrecen Finished

Hungary inaugurated on Wednesday the first, HUF 65 billion phase of a railway infrastructure upgrade that will connect Debrecen's Northwest...

HR

Number of Registered Jobseekers Edges Down

The number of registered jobseekers in Hungary reached 228,504 in August, inching up 1% from a month earlier, but falling...

Retail

Lithuania Retail Sales Fall Further in July

Retail sales in Lithuania shrank by 1.6% year-on-year in July, after a 0.5% drop in the previous month, data from...

Transport

Bahart to Put New Ferries Into Service in December

Bahart, which operates ferry and pleasure boat service on Lake Balaton, expects to put two new ferries it is outfitting...

Residential

Time It Takes to Earn Enough for a Flat Rises

Based on average gross salaries in Hungary last year, it would take 10.2 years to buy a new 70 sqm...

Manufacturing

Ganz Transformers Ends H1 With ‘Better Than Expected’ Results

Ganz Transformers and Electric Rotating Machines achieved a "better than expected" growth in the first half of 2023, according to...

Manufacturing

Bosnia Industrial Output up in July

Bosnia and Herzegovina's industrial production increased by 0.6% year-on-year on July, after a 7.6% decline in June, the Agency for...

HR

Young Employees Loyal to Credible, Responsible Employers

Young employees want their employers' values to be aligned with their own and to be able to drive social change...

Residential

Home Rental Rates in Hungary Climb 13% in July

Home rental rates in Hungary rose 13.2% year-on-year in July, slowing after a 13.7% increase in June, data compiled by...

Transport

Budapest Airport Registers Nearly 1.5 mln Passengers in July

July became the fifth month in a row when traffic exceeded one million passengers at Ferenc Liszt International Airport, according...

Retail

Ikea Introduces ‘Shop and Go’ in Hungary

Swedish ready-to-assemble furniture retailer Ikea launched its "Shop and Go" service at all of its three Budapest stores this month,...

Manufacturing

Lithuania Industrial Output Shrinks in July

Lithuania's industrial production dropped 8.9% year-on-year in July, shifting from an upwardly revised 6.9% growth in the previous month, data...

Construction

Fewer Construction Companies in July

In July, there were 100 fewer construction enterprises than in the previous month, according to data from company information provider...

HR

Poland’s Jobless Rate Remains Stable in July

The unemployment rate in Poland held steady in July after falling in the previous four months, figures from the Warsaw-based...

Competition

GVH Ramps up Booking Services Investigation

Hungary’s Competition Authority (GVH) has launched an accelerated investigation into the domestic market for online accommodation booking and accommodation services...

Appointments

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...

Retail

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...

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...

Manufacturing

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...

Residential

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,...

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...

Science

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...

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

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...

Automotive

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,...

Retail

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...

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...