Business

Fintech

Central Bank Aims to Boost Share of Electronic Payments

The National Bank of Hungary (MNB) targets an increase in the share of electronic transactions among payments to two-thirds by...

Automotive

AutoWallis Closes Q1 With Strong Results

The revenue of the AutoWallis Group, present in 15 countries in the region, has increased by 74% to HUF 100.5...

HR

Poland Jobless Rate Lowers Further in April

Poland's unemployment dropped to 5.2% in April, from 5.4% in March, and easing from a nine-month high of 5.5% in...

Deals

MOL to Acquire Szarvas Biogas Plant

Hungarian oil and gas company MOL on Friday said it signed an agreement to acquire the Szarvas Biogas Plant from...

Interview

Working Hard to ‘Win’ With Hungary

Matt Zeller, the country president for Novartis Hungary and the Europe Central Cluster, was a shortlisted nominee for the Expat...

Interview

Building a School for the Successfully Socially Responsible

On July 1, 2019, Corvinus University of Budapest became Hungary’s first foundation-run higher education establishment, and Anthony Radev became its...

Interview

Metropolitan University: Expansive Goals Create Formidable Challenges

Budapest’s Metropolitan University, with some 7,000 students, already boasts it is Hungary’s largest and most international private university; yet it...

Deals

Magnus Aircraft Signs CNY 65 mln Order

Hungary's Magnus Aircraft has signed a CNY 65 million order for 50 of its Fusion aircraft with China's Rizhao Wohe...

New Projects

CultTech Looking to Empower Culture With Tech at ViennaUP

One of ViennaUP’s participating organizations, CultTech Association, is investing big money and big ideas into startups that combine the power...

Office Market

Industrial Market Developing in Cities Across Hungary

Total stock in the Hungarian industrial market had reached 4.7 million sqm as of the end of the first quarter,...

Deals

World Aquatics Signs Agreement on Moving HQ to Budapest

World Aquatics, the world governing body for aquatics, formerly known as Fina, will move its headquarters from Lausanne to Budapest,...

HR

Unemployment Rate at 3.9% in April

In April 2023, the unemployment rate in Hungary stood at 3.9%, according to data published by the Central Statistical Office...

Telco

Magyar Telekom Acquires HUF 14.6 bln of Shares at Buyback Auction

Magyar Telekom accepted offers for HUF 14.6 billion of its shares, the maximum announced amount, at a buyback auction on...

Transport

Wizz Air Launches Budapest-Antalya Route

Wizz Air has launched its first flight from Budapest to Antalya, Turkey. The route, which is the airline's fourth new...

Transport

China Eastern to Launch Ningbo-Budapest Flight

China Eastern will launch a direct passenger flight between Ningbo and Budapest from the middle of June, Minister of Foreign...

Construction

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...

HR

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...

Appointments

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...

Retail

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...

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...

Manufacturing

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...

Residential

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,...

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...

Science

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...

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...

Retail

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...

Automotive

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,...