Business

Appointments

Igor Prerovsky to Take Over as Yettel Hungary CEO

Igor Prerovsky is expected to step into his position as CEO of telecommunications at Yettel Hungary as of September of...

Residential

Hungary Home Price Growth Continues to Slow in Q1

The price of homes in Hungary rose 4.7% year-on-year in the first quarter, slowing from an 11.7% increase in the...

Retail

Euronics Expects Decline in Demand

Despite market challenges, Euronics closed its 2022-2023 financial year with stable growth in turnover and an increase in its online...

Residential

Students Expected to Drive Rental Market Boom in Capital

Budapest and surrounding regions are set to experience a surge in demand for real estate as students receive their university...

Manufacturing

Bosnia Industrial Production Plunges in June

Industrial production in Bosnia and Herzegovina fell by 7.6% year-on-year in June 2023, extending a 1.9% drop in May, data...

Pharma

Kangaroo Care: Family Therapy for the Health of Premature Babies

In Hungary, approximately 8,000 infants were delivered prematurely or with a birth weight below average annually over the past decade....

Ecosystem

Hiventures Invests HUF 365 mln in Access4you

Access4you, which certifies building accessibility for people with disabilities, has received a HUF 365 million injection from Hiventures, the venture...

HR

Number of Police Recruits Falling

This year, only 470 young people applied to the two-year technical schools for police officers, although this number was over...

Deals

World Aquatics Members Approve HQ Move to Budapest

The General Congress of World Aquatics, the world governing body for aquatics formerly known as Fina, approved a decision to...

Innovation

AI to Help Identify Investor Behavior

Artificial intelligence developed at Corvinus University of Budapest provides identification of types of investors, as well as recommendations for potential...

Retail

Poland Annual Retail Sales Fall in June 

Poland's retail sales decreased for the fifth straight month in June, in line with expectations, figures from the Warsaw-based Central...

Manufacturing

Lithuania Industrial Production Expands in June 

Lithuania's industrial production expanded 5.6% year-on-year in June, accelerating from an upwardly revised 2.5% in the previous month, data from...

Deals

Waberer’s Acquiring 51% Stake in Petrolsped

Waberer's International has signed a preliminary agreement to acquire a 51% stake in railway transport company Petrolsped, the listed hauler...

Fintech

Hungary Fintech Sector Expands

Hungary's Fintech sector has grown to about 175 companies, news agency MTI writes, citing a report published by the National...

Office Market

Academia Office Building Nearing Handover

The former headquarters of Raiffeisen Bank has undergone complete renovation to serve as Convergence’s Academia office building, and is now...

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...