Business

Automotive

Audi, Hungary Cooperation ‘Real Success Story’ – Szijjártó

Minister of Foreign Affairs and Trade Péter Szijjártó said the cooperation between Hungary and German carmaker Audi was a "real...

HR

Slovakia Unemployment Returns to Pre-crisis Levels in April

Slovakia's unemployment rate fell to 5.1% in May from 5.3% in April, returning to pre-crisis levels, economics portal Trading Economics...

Office Market

RoseVille Office Building Obtains Occupancy Permit

One month before the handover of the first tenant’s premises, RoseVille, developed by Atenor, was granted the occupancy permit, according...

Innovation

University, Corporate Partners Set up Healthcare Industry Center

The University of Debrecen has set up a multidisciplinary healthcare industry center and started conducting research in the framework of...

HR

Recruitment Agencies Booked Successful 2022

Recruitment agencies had a successful year in 2022, according to hrportal.hu based on information company Opten's data....

Residential

Home Modernizations Could Bring Significant Energy Savings

Modernizing single-family houses, which make up a significant part of the Hungarian housing stock, can bring significant savings both in...

Innovation

Custom Group Unveils Latest Innovations at Budapest Event

Italian hi-tech automated solutions company Custom Group unveiled its latest innovative technologies at the Budapest Danubius Hotel Arena last week,...

Transport

Work Starts on Middle Stretch of M4 Motorway

Construction of a 34 km stretch of the M4 motorway, which runs from the capital to Hungary's eastern border, was...

Sustainability

Wing Development Skylight City Receives Breeam Certification

Skylight City, an office building developed by Wing, has received a Very Good rating under the Breeam In-Use sustainability certification...

New Projects

Tourmix: Simplifying Parcel Return, Enhancing Sustainability

In the competitive world of parcel delivery, two ambitious entrepreneurs had a vision to make a difference. Márk Bagdy, a...

Transport

Shanghai Airlines Launches Ningbo-Budapest Flight

Shanghai Airlines' first direct flight between Ningbo and Budapest arrived at Liszt Ferenc International late Monday, according to a report...

HR

Albanian Unemployment Rate Falls in Q1

Albania's jobless rate dropped to 10.9% in the first quarter of 2023, down by 0.5 percentage points compared with the...

Residential

Home Rental Rates in Hungary Rise 15.6% in May

Home rental rates in Hungary rose 15.6% year-on-year in May, data compiled by the Central Statistical Office (KSH) from listings...

New Projects

Investment Into EU Solar Startups Soars

New research reveals total investment in European solar energy startups is up 398% compared to this time last year. Solar...

Telco

Tarr Completes EU-funded Network Development

Hungarian telecommunications company Tarr has invested over HUF 870 mln in the rollout of a Gigabit-capable network in the Szigetvár...

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...