Business

Residential

1/4 Plan to Move Within 2 Years

A quarter of those surveyed are planning to move to a new property in the next one or two years,...

Logistics

Application Period for Logistics Park Designation Starts

The Economic Development Ministry announced the start of the application period for the designation of logistics parks on Thursday, according...

Innovation

Bosch Group Expediting Incorporation of AI

Bosch Group plans by the end of the year for all its products and solutions to either incorporate artificial intelligence-based...

Sustainability

Green Contract Takes Center Stage in Real Estate Market

There is no question that sustainability actions, beyond positive environmental impacts and moral principles, bring economic benefits to market players....

Automotive

Hungary EV Market Growth Ahead of CEE Peers

The European electric car market is growing rapidly, and Hungary has made good progress in the Central European region, according...

Manufacturing

Slovenia Industrial Output Shrinks Less in May

Slovenia's industrial production fell 4.9% year-on-year in May, following a downwardly revised 9.8% decrease in the prior month, the Ljubljana-based...

Retail

Czech Retail Sales Drop in May 

Retail trade in the Czech Republic declined 6.1% year-on-year in May, easing from a downwardly revised 8.4% slump in the...

Deals

Liberty Steel to Take Over Dunaferr Assets

Liberty Steel has submitted the winning offer in a procedure to sell the assets of troubled Hungarian peer Dunaferr which...

HR

Demand for Student Workers Falls 5% This Year

Although "the world has not come to a standstill," companies clearly need to think more carefully about their spending and...

Residential

Duna House Points to Rebound in Q2

Commissions revenue of Duna House's franchise network fell 22% year-on-year to HUF 3.2 billion in the second quarter, but the...

Manufacturing

Czech Industrial Output Rises Further in May

The Czech Republic's industrial production expanded a working-day adjusted 1.4% year-on-year in May, slightly faster than the 1.2% rebound in...

Manufacturing

Hell Energy to Build USD 211 mln Plant in Azerbaijan

Hungarian soft drink maker Hell Energy plans to build a USD 211 million plant in Azerbaijan with the cooperation of...

Innovation

Hungary Advances on European Innovation Scoreboard

Hungary has moved to the next level in the 2023 edition of the European Innovation Scoreboard, the Culture and Innovation...

Office Market

IWG to Open 4 New Regus, HQ Centers in Hungary

Hybrid working solutions company IWG, is set to expand its presence in Hungary with four new openings, adding a total...

Automotive

Used Car Imports Over 9,200 in June

The number of imported used cars registered in Hungary reached 9,422 in June, edging up 2% from May, but falling...

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...