Business

Retail

Romania Retail Sales Rebound in May

Retail sales in Romania increased by an adjusted 2.7% year-on-year in May, recovering from an upwardly revised 0.5% fall in...

Telco

MTVA Signs Coop Deal With Hunan Broadcasting System

Hungary's Media Service Support and Asset Management Fund (MTVA) has signed a cooperation agreement with China's Hunan Broadcasting System, a...

Retail

Slovak Annual Retail Sales Eases Further in May

Retail sales in Slovakia went down by 8.5% year-on-year in May, marking the fourth straight month of fall, although easing...

Deals

Trade of Shares of Civita Group Starts

Trade of shares of Civita Group, an agribusiness that makes gluten-free food products, started on the Budapest Stock Exchange on...

Office Market

MOL Campus Aims to Lure Employees Back to the Office With Human-centered Spaces

MOL Campus, the tallest building in Budapest at 143 meters, is positioning itself as the office of the future, offering...

Office Market

Atenor Completes RoseVille Office Center Development

Leading Budapest office developer Atenor is set to deliver its latest office project, RoseVille, in Óbuda. In general, ongoing office...

Automotive

BMW Group Boasts Double-digit Sales Growth in Hungary

BMW Group's sales of new BMW models in Hungary climbed 15% to 2,690 in the first half from the same...

Office Market

Icon Becomes Operator of BudaPart Downtown

In addition to BudaPart City, Icon Real Estate Management's experts are now also operating BudaPart DownTown in the South Buda...

Construction

Évosz: Construction Orders Lasting the Longest in Budapest

The contract stock of the construction industry decreased by 28% nationally, while in Budapest it decreased by about 15% on...

HR

Slovenia Joblessness Keeps Falling to New Lows

Slovenia's unemployment keeps falling with the number of people registered for being out of a job hitting a new low...

Retail

Retail Sales in Hungary Down Significantly in May

In May 2023, the volume of sales in retail trade – along with a significant base effect - decreased by...

Manufacturing

Estonia Industrial Output Fall Sharply on Year in May

Estonia's industrial production continued its steep declining trend in May, though the pace of contraction softened from April, data from...

Retail

3/4 of Businesses Plan to Raise Prices Within 6 Months

Some 74% of domestic businesses plan to raise their retail prices in the next six months, according to a survey...

Transport

Wizz Air Launches Discount Club Light

Wizz Air has announced the launch of a new loyalty program called Wizz Discount Club Light, offering exclusive onboard discounts...

Manufacturing

Czech Manufacturing PMI at Over 3-year Low

Czech Republic manufacturing Purchasing Managers' Index (PMI) fell to 40.8 in June from 42.8 in the previous two month, survey...

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...