Business

Office Market

Quiet Year in Real Estate Investment Market Expected

A quiet summer and a subdued year are predicted for the investment market by commentators, reflecting the cautious wait-and-see strategy...

Deals

PPF Enters Partnership With Emirates Telecommunication Group Company

PPF Group (PPF) and Emirates Telecommunication Group Company (e&) have signed an agreement under which e& will acquire a stake...

Pharma

Richter Earnings Fall as Windfall Profit Tax Weighs

Q2 net income of Hungarian pharmaceutical company Gedeon Richter fell 62% year-on-year to HUF 28.7 bln, dragged lower by a...

Automotive

AutoWallis Acquires Share Now Hungary Operator

The AutoWallis Group is expanding its services portfolio, with the acquisition of the company that operates vehicle share provider Share...

HR

Number of Jobseekers Edges up 1%

The number of registered jobseekers in Hungary reached 227,341 in July, edging up 1% from a month earlier but falling...

Deals

Gloster Closes P92 IT Solutions Acquisition

Listed IT company Gloster announced the close of the acquisition of a controlling stake in Hungarian software developer P92 IT...

Deals

GenePlanet, Synlab Partner to Bring Services to Hungary

GenePlanet, a biotech company specializing in genetic testing solutions, has partnered with Synlab Hungary to bring genetic screening and disease...

HR

Romania Jobless Rate Flattish in June

Romania's unemployment rate stood at 5.4% in June, down by 0.1 percentage points in May and 0.1 percentage points lower...

New Projects

Photon Aids Wolt Vienna With AI

In collaboration with Photon, Wolt, the food delivery platform entered the Austrian market this year. Photon is responsible for taking...

Manufacturing

Czech Republic Manufacturing PMI Slightly up in July

The Czech Republic manufacturing PMI rose to 41.4 in July from 40.8 in June, pointing to the 14th consecutive month...

Residential

Home Renovation Plans Picking up Slowly

After last year's significant drop, the population's home renovation plans are only picking up very slowly, according to the July...

Office Market

Wing’s Liberty Building Receives Use Permit

Wing’s mixed-use flagship property development, Liberty, has received its use permit, welcoming its first tenants in the office area and...

Transport

Mobility Assoc Presses for Faster EV Charger Rollout

The Future Mobility Association has urged a faster buildup of charging infrastructure to keep up with the sharp increase in...

Innovation

Budapest Ranked 9th Best Digital Nomad City in the World

According to research done by CommercialSearch real estate agency, Budapest has ranked third in Eastern and Western Europe and ninth...

Manufacturing

Serbia Industrial Production Growth Slows in June

Industrial production in Serbia increased by 0.5% year-on-year in June, slowing from a 1.5% rise in the previous month, the...

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...

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...

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...

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...