Business

Manufacturing

Estonian Industrial Output Shrinks in April

Estonia's industrial production shrank 15.1% year-on-year in April, following an upwardly revised 12.7% fall in the previous month, figures released...

Residential

Hungary Home Stock Grows as Population Declines

The number of homes in Hungary has grown even as the population has declined, data from the 2022 census presented...

Retail

Retail Sales in Hungary Down 12.6% y.o.y. in April

In April 2023, the volume of sales in retail trade – along with a significant base effect - decreased by...

Automotive

Used Car Imports Over 9,000 in May

The number of imported used cars registered in Hungary reached 9,234 in May, climbing 13% from April, but falling 25%...

Sustainability

The Social Aspect of ESG is Now Inescapable

Around 15% of people in society live with special needs. For them, information about which buildings are wheelchair accessible or...

Manufacturing

Poland Manufacturing Downturn Eases in May

Poland's manufacturing contraction softened in May as supply chain conditions improved and price pressures eased to the greatest degree on...

Manufacturing

Szentkirályi Magyarország Inaugurates HUF 2.8 bln Bottling Line

Hungarian mineral water company Szentkirályi Magyarország inaugurated a HUF 2.8 bln PET bottling line at its base in Szentkirályi (92...

Telco

4iG Q1 Sales Jumped 135% y.o.y.

First-quarter net sales revenue of listed IT company 4iG jumped 135% year-on-year to HUF 115.2 billion, boosted by its acquisition...

HR

Number of Registered Jobseekers Falls Slightly

The number of registered jobseekers in Hungary reached 228,611 in May, falling 3% from a month earlier and 2% from...

Deals

Wizz Air Participates in USD 50 mln Investment

Hungarian low-fare carrier Wizz Air this week said it has participated in a USD 50 million investment round in CleanJoule,...

Office Market

Finding the Balance in a Developing Market

You don’t have to be a real estate expert to appreciate how far and fast the automotive and e-mobility sectors...

Automotive

GreenTech Returns to ZalaZone for 4th Time to Talk Energy Matters

Sustainability conference GreenTech will hold its fourth annual conference on May 25-26. Returning to Hungary’s ZalaZone Vehicle Test Track, the...

Automotive

Continental’s Hungarian R&D Hubs Drive Cars Towards Safer Future

Continental Hungary is at the forefront of efforts to make driving safer, with several operations nationwide offering artificial intelligence-fueled software...

Automotive

The One-way Street of Continuous Self-Reinvention

As automotive whooshes semi-silently toward an electric future, stakeholders must keep pace with constantly changing market conditions and regulations. A...

Residential

Hungary Home Sales Drop 19% in May

Home sales in Hungary fell 19% year-on-year to 10,187 in May, a monthly estimate by listed real estate broker Duna...

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...