Business

Manufacturing

Slovak Industrial Output Recovers in March

Slovakia's industrial production increased 2.5% year-on-year in March, recovering from a 4.7% drop in the previous month, data from the...

Manufacturing

Masterplast Books Q1 Loss on Lower Demand, Reduced Margins

Listed building materials maker Masterplast booked a first-quarter net loss of EUR 5,850,000 as demand fell and margins narrowed, state...

Manufacturing

Czech Industrial Output Rises Further in March

The Czech Republic's industrial production expanded for the second straight month in March on the back of strong manufacturing output,...

Construction

39% of Construction Companies Expect Higher Revenue

Around 39% of Hungarian construction companies expect higher revenue this year, according to a survey of 400 businesses by the...

Telco

MTel Earnings Fall on Higher Costs

First-quarter net income of Magyar Telekom (MTel) fell 43% year-on-year to HUF 10.5 billion as indirect costs climbed faster than...

HR

Publicis Groupe Hungary Launches Working With Cancer Program

Publicis Groupe Hungary has launched the Working with Cancer program, an initiative of its parent company, under which the company...

Office Market

Graphisoft Park Earnings Rise 46% in Q1

First-quarter profit of Graphisoft Park, which owns and operates a business park in the north of Budapest, rose 46% year-on-year...

Manufacturing

Latvia Industrial Output Drops in March

Latvia's industrial production plunged by 6.3% year-on-year in March widening a 2.2% drop in the previous month, data released from...

Automotive

China’s Eve Power to Build HUF 400 bln Battery Plant in Hungary

China's Eve Power, the ninth-biggest battery maker in the world, will invest around HUF 400 billion in its first plant...

Deals

Int’l Player Acquires Company Managing Hungarian Influencers

A U.S.-based media and entertainment company targeting Generation Z has acquired Special Effects Media, according to a press release sent...

Appointments

Levente Hegedűs Promoted to Partner at Kinstellar

Law firm Kinstellar has announced the promotion of Levente Hegedűs to partner at its Budapest office....

Manufacturing

Industrial Production in Hungary Down 4.1% y.o.y. in March

The volume of industrial production declined in March 2023 by 4.1% year-on-year in Hungary, according to raw data by the...

Retail

GVH Issues Recommendations to Ease Non-perishables Prices

Hungary's Competition Office (GVH) has issued recommendations to rein in the prices of non-perishables and frozen foods, according to a...

Retail

Slovak Retail Sales Fall in March

Retail sales in Slovakia dropped 6% year-on-year in March, the steepest decline since February 2021, following a 2.5% fall in...

Transport

Waberer’s Q1 Earnings Climb on Wider Margins

Net income of listed hauler Waberer's International reached EUR 10.4 million in the first quarter, climbing from EUR 1.7 mln...

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,...