Business

Manufacturing

Zalaegerszeg Renames Street ‘Rheinmetall út’

A street at the Zalaegerszeg plant of Rheinmetall Hungary Zrt., a joint venture co-owned by Rheinmetall and the Hungarian state,...

Retail

Poland Retail Sales Falls in April

Poland's retail sales decreased for the third straight month in April, though at a slightly slower-than-expected rate, figures from the...

Manufacturing

Schneider Electric Plows HUF 5.3 bln Into Hungarian Plant

France's Schneider Electric is investing HUF 5.3 bln at its base in Zalaegerszeg (182 km southwest of Budapest), plant director...

Automotive

Rába Closes Q1 With Profit of HUF 1 bln

Hungarian automotive industry company Rába booked a first-quarter profit of HUF 1 billion, an earnings report released after the closing...

Transport

Budapest Clears HUF 24 bln Loan for Public Transport Company

The Budapest municipal council approved a contract for HUF 24 billion in credit between the Budapest Public Transport Center (BKK)...

HR

Polish Employment Slightly up, Wage Drops in April 

Corporate employment in Poland rose 0.4% year-on-year to 6.524 million people in April, topping market estimates of 0.2% growth, although...

Manufacturing

Poland Industrial Output Falls in April

Poland's industrial production declined for the second straight month in April and at the steepest pace in almost three years,...

Retail

Hungarians Shopping for More Services Online

While there have been no significant changes in product categories over the past few years, adult Hungarians choose to shop...

Residential

Investment Accounts for 27% of Home Purchases 

According to an analysis by real estate broker Duna House, investment buyers accounted for 27% of all home purchases in...

Residential

Overvaluation Eases on Hungary Home Market as Demand Falls

Overvaluation on Hungary's home market is easing as demand falls, the National Bank of Hungary (MNB) said in a biannual...

HR

Croatia Jobless Rate Eases in April 

Croatia's registered unemployment rate fell to 6.1% in April from 6.5% in March, figures from the Croatian Bureau of Statistics...

Pharma

Richter to Sell Grunenthal Products in Brazil

Hungarian pharmaceutical company Gedeon Richter on Tuesday announced a deal to sell the women's healthcare products of German peer Grunenthal...

Manufacturing

Moldova Industrial Output Falls in March 

Industrial production in Moldova fell by 4.7% year-on-year in March, following a downwardly revised 3.2% drop in February, Trading Economics...

Retail

Authorities Fine Retailers Over HUF 1 bln

Authorities have fined retailers more than HUF 1 billion for violating rules on price caps, government spokesperson Alexandra Szentkirályi said...

Automotive

Mercedes-Benz Hungary Unit Turnover Climbs to EUR 4 bln in 2022

Revenue of German car maker Mercedes-Benz's local unit rose to EUR 4 billion last year from EUR 3.1 bln in...

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...