Business

New Projects

Enerhash Prepares for Listing

Enerhash Technologies, a Hungarian startup that has developed a way to use the excess capacity of renewable energy plants to...

Telco

Digi Customers Switched to Vodafone Network

DigiMobil and DigiNet Aktív 50 customers have been using Vodafone Hungary's domestic mobile network from June 1, meaning subscribers can...

Office Market

Economic Climate Restrains CEE Investment Activity

The first quarter of 2023 saw CEE investment volumes decline by around 57% year-on-year. That is still marginally better than...

Construction

Coca-Cola HBC Hungary Makes Biggest Investment in 16 Years in Dunaharaszti

Coca-Cola HBC Hungary, which claims to be the largest beverage company in the country, says it is investing around EUR...

Interview

Keeping Agile, Targeting Sustainability, Focusing on Personal Relations and, Naturally, the Customer

Andreas Szakácsi, managing director of Claas Hungária, was one of three shortlisted nominees for the 2023 Expat CEO of the...

Deals

Masterplast Sets up JV with Market Épitő

Listed Hungarian building materials maker Masterplast on Friday said it acquired a 50% stake in a joint venture with local...

Office Market

More Developers Delivering Well-accredited Office Buildings

IBM has established its headquarters in the first 16,000 sqm phase of the Corvin Innovation Campus. The complex, in the...

Deals

Gloster Acquires P92 IT Solutions

Listed IT company Gloster announced the acquisition of Hungarian software company P92 IT Solutions on Friday, according to a report...

Sustainability

H2Offices 1st Phase Gets Leed Platinum Certification

The first phase of Skanska's H2Offices has earned a Platinum Leadership in Energy and Environmental Design (Leed) Core and Shell...

Retail

Czech Retail Sales Continue to Fall in April

Retail trade in the Czech Republic slumped by 7.7% year-on-year in April, following an 8.1% drop in the previous month,...

Retail

Slovak Retail Sales Drop in April

Retail sales in Slovakia fell 10.1% year-on-year in April, the largest contraction since February 2021, following a 6% fall in...

Manufacturing

Industrial Production Declines in April

The volume of industrial production dropped in April 2023 by 8.3% year-on-year in Hungary, according to data published by the...

HR

Polish Unemployment Slightly Down in May, Minister Says

Poland's unemployment rate inched down by 0.1 percentage point to 5.1% in May, Family, and Social Policy Minister Marlena Maląg...

Manufacturing

Latvia Industrial Output Falls Further in April

Industrial production in Latvia plunged 7% year-on-year in April, extending a 6.3% drop in March and logging the fifth consecutive...

Automotive

Dana to Invest HUF 36 bln in Capacity Expansion in Hungary

U.S.-based automotive industry supplier Dana is investing HUF 36 billion at its base in Győr (108 km northwest of Budapest),...

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...