Business

Construction

Hungary Construction Output Volume Shrinks in March

According to raw data, the volume of construction output in March 2023 lagged behind the previous year’s level by 9.8%,...

Construction

Slovak Construction Output Shrinks in April

Construction output in Slovakia shrank 10.1% year-on-year in April, reversing from a 9.2% growth in the previous month, data from...

Manufacturing

Lithuania Producer Prices Fall in April 

Producer prices in Lithuania fell 0.3% year-on-year in April, reversing from an upwardly revised 6.8% increase in the previous month,...

Innovation

Hungarian Businesses Turn to Outsourcing to Cut IT Costs

As the world continued to experience the direct and indirect impacts of global events, IT costs are on the rise...

Fintech

GVH Orders Fizetési Pont to Offer Rebates 

Hungary's Competition Office (GVH) yesterday said it ordered bank card terminal operator Fizetési Pont to offer clients rebates for conducting...

Deals

MCC Acquires Stake in Private Int’l Uni in Vienna

Mathias Corvinus Collegium (MCC), an interdisciplinary educational institution that seeks to foster talent in the Carpathian Basin, has acquired a...

Deals

Ikarus Signs MoU With Azeri Company

Hungarian bus manufacturer Ikarus and Azerbaijan's Sumgait Technologies Park LLC signed a memorandum of understanding, according to business daily Világgazdaság....

HR

Skilled Heads Still Hunted on the Hungarian Labor Market

The fear of recession brings a thaw to the labor market. Large companies are expected to start hiring again, but...

Innovation

LG Hungary Celebrates Decade of OLED Innovation With new TV Lineup

LG Hungary has celebrated the 10th anniversary of its OLED panel technology, which has significantly impacted the television market in...

Deals

Prohuman Acquires Serbia’s CityScope

The Budapest-based Prohuman group has further strengthened its CEE operations spanning through seven countries by acquiring Serbia’s CityScope Group....

Pharma

Richter Q1 Earnings Rise 6% to HUF 39 bln

First-quarter net income of Hungarian pharmaceutical company Gedeon Richter rose 6% year-on-year to HUF 39.2 bln, news agency MTI writes,...

Manufacturing

Slovenia Industrial Output Drops in March

Industrial production in Slovenia slumped 5.5% year-on-year in March, after a downwardly revised 1.2% fall in the prior month, figures...

Transport

MOL, Wizz Air Test Sustainable Plane Fuel at Budapest Airport

On May 10, Wizz Air took off from Budapest Airport for the first time using a blend of Neste MY...

HR

Czech Jobless Rate Falls in April 

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

Residential

Real Estate Prices Falling in Northwestern Agglomeration

Prices are falling in one of the most sought-after and most expensive agglomeration areas of Budapest, according to uzletem.hu....

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...