Business

Manufacturing

Szeplast Invests HUF 1.3 bln in Capacity Expansion

PVC granule maker Szeplast is investing over HUF 1.3 billion to expand capacity and broaden its product palette, the company...

Residential

Home Rental Rates in Hungary Rise 13.7% in June

Home rental rates in Hungary rose 13.7% year-on-year in June, slowing after a 15.6% increase in May, data compiled by...

Sustainability

Phase 1 of East Gate Pro Business Park Gets Breeam Certification

The first halls of Wing’s East Gate Pro Business Park development, completed in the fall of 2022, have received a...

HR

Wages Raised More Often Than Anticipated in January

At the end of the first half of the year, Profession.hu conducted a survey of the companies' wage improvements in...

Deals

Formula 1 Extends Hungarian Grand Prix Deal Till 2032

Formula 1 on Saturday announced that the Hungarian Grand Prix would remain on the calendar for another five years until...

Retail

Price-monitoring Platform Could Shave 0.6 pp off Inflation

An online price-monitoring platform launched by the Competition Office (GVH) and the Economic Development Ministry could reduce food prices by...

Office Market

H2Offices Awarded a Record Hungarian Leed ‘Platinum’ Score

The first phase of H2Offices, the latest Budapest development by Skanska, has been awarded a Leed “Platinum” rating with what...

Transport

CPI Could Reach Single Digits by October – Minister

Hungary's inflation rate could drop into the single digits by October or November, Gergely Gulyás, the head of the Prime...

Telco

Over 50% of Hungarians Store Old Phones Despite Safety Risks

More than half of Hungarians are still storing unused mobile phones in their homes, according to a representative national survey...

Pharma

Richter Signs Agreement to Acquire Giskit MD

Hungarian pharmaceutical company Gedeon Richter on Thursday announced it signed an agreement to purchase Giskit MD, which makes products for...

Appointments

Wolt Announces New Business Unit in Hungary

Wolt has announced the launch of its new business unit Wolt Drive in Hungary, appointing Péter Tausz as its head,...

HR

Bulgarian Unemployment Rate Flattish in June

Bulgaria's registered unemployment rate edged down to 5% in June from 5.1% in May, the National Employment Agency said on...

HR

Worker Optimism Stable

Despite persistently high inflation, compared to the same period of the previous year, the assessment of domestic employees regarding their...

Manufacturing

EGW Technologies Starts Production of Heating Windows

EGW Technologies is starting production of a heating window it has developed, EGW Investment told state news wire MTI....

HR

Poles Have High Professional Mobility – Report

As many as 454,000 job offers were posted on Pracuj.pl in the first half of 2023, reported the Warsaw Business...

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...