Business

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...

Retail

Poland Retail Sales Fall in May

Poland's retail sales fell by 6.8% year-on-year in May, slowing from the 7.3% drop in the previous month, data from...

Automotive

Auto Registrations Fall 11.2% y.o.y. in May

The number of new passenger auto registrations in Hungary fell 11.2% year-on-year to 8,999 in May, according to data compiled...

HR

SME Employment Stable

Employment is stable in the small and medium-sized business sector, and seven out 10 companies are preparing for a wage...

Automotive

Continental Celebrates 3 Decades of Automotive Innovation at Veszprém

Continental in Veszprém is celebrating its 30th anniversary this year. Thanks to developments over the past decades, the automotive technology...

Deals

Unicum and Busatti Team Together to Brighten the Summer With Elegant Interior Textiles

Home-grown and iconic liqueur and spirit maker Zwack Unicum Nyrt. has joined forces with Toscaneria Kft., representing the Italian textile...

Office Market

Renewed Facade of Corvin Palace Unveiled for 1st Time

A Hungarian private family developer is reconstructing a classical-style former department store building into what it says will be a...

Manufacturing

Moldova Industrial Production Plunges in April

Industrial production in Moldova plunged by 10.7% year-on-year in April, following a marginally revised 4.6% drop in March, economic portal...

HR

Unemployment Rate at 3.8% in May

The unemployment rate in Hungary stood at 3.8% in May 2023, according to data published by the Central Statistical Office...

Manufacturing

Huayou Cobalt Building HUF 520 bln Cathode Plant

China's Huayou Cobalt will build a HUF 520 bln cathode plant in Ács (95 km northwest of Budapest), Minister of...

HR

Poland Employment Growth Steady in May

Corporate employment growth in Poland was unchanged at 0.4% year-on-year to 6.518 million people in May, the Central Statistical Office...

Innovation

22,000+ Download Hungarian-developed Language Learning App

More than 22,000 people worldwide have downloaded Talk@Ease, an application that helps people improve their English speaking skills, created by...

Deals

Trade in Shares of Budapest Stock Exchange Starts

Trade in the shares of the Budapest Stock Exchange (BSE) started on the bourse on Wednesday, according to a report...

HR

Croatia Jobless Rate Hits Record Low in May

Croatia's registered unemployment rate fell to 5.6% in May from 6.1% in April, the Zagreb-based Croatian Bureau of Statistics (Crostat)...

Logistics

Tenants Move Into Helloparks Warehouses in Fót, Maglód

Industrial property developer HelloParks has opened its first two warehouses in Fót and Maglód, according to a press release sent...

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...

Civil Engineering Surge Masks Decline in Building Construction

Civil engineering output more than doubled in Hungary in August, while building construction declined and the volume of new contracts...

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...