Business

Transport

MÁV-Volán Changes to Summer Schedule This Weekend

After the preseason, the main season schedule of the MÁV-Volán group will come into effect on June 17, the company...

HR

Jobseekers’ Top Grievance: Lack of Salary Details in Ads

The lack of salary information in job ads is the top issue among jobseekers, but companies may also benefit from...

Deals

OTP Closes Acquisition of Majority Stake in Uzbek Lender

OTP Bank, Hungary's biggest commercial lender, announced on Tuesday the close of the acquisition of a 73.71% stake in Uzbekistan's...

Construction

Construction Output Down 3.2% y.o.y. in April

According to raw data published by the Central Statistical Office (KSH), the volume of construction output in Hungary lagged behind...

Construction

Slovak Construction Output Down in April

Construction output in Slovakia shrank 8.3% year-on-year in April, the second month of contraction, although easing from a 10.1% fall...

Retail

Aldi Reducing Dairy Prices

Aldi Hungary will permanently reduce the price of every third dairy product, the German-based discount chain announced yesterday morning, according...

Deals

Mathias Corvinus Collegium Acquires Controlling Stake in Libri

A subsidiary of Mathias Corvinus Collegium (MCC), an interdisciplinary educational institution that seeks to foster talent in the Carpathian Basin,...

Office Market

Deutsche Telekom IT Solutions Moves to Telekom HQ Building

Deutsche Telekom IT Solutions has moved to Telekom HQ, a Wing development, meaning that one of the largest office buildings...

Manufacturing

Slovenia’s Industrial Output Declines in April

Slovenia's industrial production decreased 8.8% year-on-year in April, after a 5.5% annual decline in March, figures from the Ljubljana-based Statistics...

Deals

Flavor, Fragrance Company Turpaz Acquires Hungarian Peer

Israeli flavor and fragrance company Turpaz Industries has signed an agreement to acquire 60% of the shares of Hungarian peer...

HR

Nearly 27,000 Students to Participate in Summer Jobs Scheme

Between 26,000 and 27,000 students are expected to participate in a state-supported program that places them in temporary jobs this...

Automotive

Rolls-Royce Making HUF 6.9 bln R&D Investment in Hungary

U.K. industrial technology company Rolls-Royce is investing HUF 6.9 billion in a research and development project in Hungary, Minister of...

Appointments

AutoWallis Strengthens Ranks With Group HR Director

Starting this June, a group HR director will be managing the AutoWallis Group’s human resource management activities. The new position...

HR

Czech Jobless Rate Falls Slightly in May

The Czech Republic's unemployment rate dropped slightly in May, in line with expectations, figures from the Labor Office showed Thursday....

Deals

TritonLife Opens HUF 3 bln Hospital in Miskolc

Hungarian-owned private healthcare provider TritonLife announced the opening of a HUF 3 billion hospital in Miskolc (185 km northeast of...

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...