Business

Interview

Cloud Tech Takes Center Stage: BT’s Vision for Innovation and Growth

BT, a global leader in telecommunications and digital services, has reaffirmed its commitment to Hungary by opening its new office...

Innovation

Inside Hungary’s Cutting-edge Artificial Intelligence Research Group

It may come as a surprise that a quiet riverside university town in Hungary’s southeast is a hotbed of artificial...

Automotive

BYD to Construct Battery Plant in Fót

China's BYD, the world's biggest electric vehicle maker, will set up a battery assembly plant in Fót (20 km northeast...

Retail

Slovenia Retail Sales Shrink in May

Retail sales in Slovenia shrank 13.4% year-on-year in May, slipping further from an 8.6% fall in the previous month, data...

Science

Elte University, Japan’s Jasco Corp Sign Cooperation Deal

Eötvös Loránd University (Elte) and Japanese precision instruments maker Jasco Corporation signed an agreement on a collaboration serving the needs...

Office Market

MBH Bank to Build New Headquarters in Budapest

MBH Bank will build its new headquarters in Budapest's District XIII, the bank said on Wednesday, according to a report...

Manufacturing

Magnus to Start Construction of Chinese Production Plant

A unit of Hungary's Magnus Aircraft could start the construction in July of the first production plant of a base...

Retail

Gov’t to Extend Mandatory Food Discounts From August

The government-mandated discounts on food products that larger supermarkets have been required to offer since June will be extended to...

HR

Poland Jobless Rate Falls Slightly in May

Poland's unemployment rate dropped for the third straight month in May, though marginally, figures from the Warsaw-based Central Statistical Office...

Automotive

Economic Dev Minister Meets With Audi Hungaria Execs

Economic Development Minister Márton Nagy on Tuesday met with Alfons Dintner, chairman of the board, and other executives of the...

Appointments

WTS Klient, Finacont to Merge

The owners of two leading entities on the Hungarian accounting and tax advisory market, WTS Klient Business Advisory Ltd. and...

Retail

Penny Expanding Home Deliveries in Hungary

As the next step in the cooperation between Penny and Roksh, home deliveries from the retail chain are now available...

Transport

Wizz Air Launching Flights to Cairo

Wizz Air will launch flights from Budapest to Cairo three times a week from the end of October, Minister of...

Manufacturing

Lithuania May Industrial Output Rises on Year

Industrial production in Lithuania grew 2.1% year-on-year in May, marking the first increase in industrial activity since last September, and...

Transport

Gebrüder Weiss Tests Hydrogen-powered Truck in Hungary

Gebrüder Weiss Kft. is the first company in Hungary to start testing a hydrogen-powered truck for transport. Bálint Varga, managing...

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...