Business

Retail

Price-monitoring Platform to Launch July 1

An online price-monitoring platform that aims to improve transparency, boost competition and prevent overpricing among food retailers will launch on...

Logistics

GLS Hungary Inaugurates 1000th Parcel Terminal

GLS Hungary has raised its number of parcel terminals to 1,000 with the inauguration of one in the Allee shopping...

Manufacturing

Estonian Industrial Output Shrinks in March

Estonia's industrial production shrank 12.6% year-on-year in March, following an upwardly revised 7.5% fall in the previous month, data from...

Construction

Home Building Permits in Q1 Falls 37.6% y.o.y.

The number of home building permits issued in Hungary fell 37.6% year-on-year to 4,989 in the first quarter, according to...

Interview

Market Talk: Economic Challenges Shake a Tight Labor Market for Recruiters

Recruiters are confronted with a changed industry, with processes significantly altered after the pandemic. Furthermore, the post-COVID environment, hammered by...

Interview

Market Talk: Temp Recruitment Agencies say Labor Markets Busier Than Pre-Pandemic

During the pandemic, businesses were more inclined to let temporary workers go first, which flooded the labor market with talent....

Pharma

Novartis to set up Regional R&D Center in Budapest

Novartis, one of the world's leading pharmaceutical companies, is planning to set up a new R&D center in Budapest, which...

Retail

Retail Sales in Hungary Down 13.1% y.o.y. in March

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

HR

Number of Registered Jobseekers Edges Lower

The number of registered jobseekers in Hungary reached 235,429 in April, edging down around 3% from both a month earlier...

Office Market

Experienced Courier Company Moves to ZenGarden Office Building

Courier and logistics company, Fürgefutár.hu, founded in 2010, has selected ZenGarden as the location of its new office, according to...

Transport

Over 100,000 County Combined Public Transport Passes Sold

More than 100,000 monthly passes for all public transport in a single county have been sold since their launch days...

Transport

Budapest Airport Promoted to 4-star Airport by Skytrax

International aviation research organization Skytrax conducted a three-day audit of the quality of services at Ferenc Liszt International Airport, taking...

Residential

35% More Properties for Sale y.o.y. in April

There were 136,000 residential properties for sale on the real estate market at the end of April, 35% more than...

Manufacturing

Poland Factory Activity Sinks in April

Poland's manufacturing Purchasing Managers' Index, or PMI, fell to 46.6 in April from 48.3 in the previous month, survey data...

Sustainability

CompoBot Aiming to Revolutionize Office Biowaste Recycling

Hungarian invention CompoBot could be an effective way to provide sustainable office buildings with an eco-friendly way to compost and...

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,...