Business

Retail

Croatia Retail Sales Down in March

Croatia's retail sales volume fell by a real 1.3% year-on-year in March, following an increase of 0.4% in February, the...

Retail

Gov’t Holds Consultations With Retailers on Mandatory Food Discounts

The government has held consultations with big retailers and professional associations on a draft decree that would require larger supermarkets...

Transport

Scooters Spread Faster Than Anticipated

Scooter transport is spreading much faster than expected on Hungarian roads, writes business daily Világgazdaság....

Industrial

Hungary Total Modern Industrial Stock Reaches 4.73 mln sqm

The total modern industrial stock in Hungary was 4,729,935 sqm at the end of Q1 2023, according to research by...

Retail

Lithuania Retail Sales Fall for 2nd Month in March

Retail sales in Lithuania further dropped by 4.5% year-on-year in March, following an upwardly revised 1.9% fall in the previous...

Construction

Masterplast Forecasts Declining Revenue, Profits 

Listed building materials maker Masterplast has forecast declining revenue and profits for this year in an investor presentation published on...

Construction

Q1 Mapei Revenue Falls 6.6% y.o.y.

Revenue of the local unit of Italian building materials maker Mapei fell 6.6% year-on-year in the first quarter, Mapei Kft....

Residential

Q4 Home Prices Rise 16.6% y.o.y.

Home prices rose 16.6% in the fourth quarter from the same period a year earlier, according to data compiled by...

Office Market

Graphisoft Park AGM Approves EUR 0.54/share Dividend

Shareholders of Graphisoft Park, which owns and operates a business park in the north of Budapest, approved payment of a...

Office Market

Budapest Airport Among 1st to be Awarded Well Accreditation

Budapest Ferenc Liszt International Airport has achieved the international Well Health and Safety Rating, confirming that the operator is taking...

Office Market

Hungary’s Cordia Completes Renovation of Listed Building in Birmingham

The leading Hungarian residential developer, Cordia, the residential arm of the Futureal Group, has completed the renovation of The Bank....

Science

Corvinus Team Designs New AI indicators to Gauge Economic Development

If, in addition to export data, technology patents, and data on scientific articles are also taken into account using AI,...

HR

Unemployment Rate at 4% in March

The unemployment rate in Hungary stood at 4% in March, according to data published by the Central Statistical Office (KSH)....

Appointments

MÁV, Volánbusz Board Appointments Announced

The Construction and Transport Affairs Ministry on Thursday announced the appointments of business leaders with experience working for multinationals to...

Retail

Slovenia Retail Sales Drop on Year in March

Retail sales in Slovenia plunged 12.7% year-on-year in March, slipping further from a downwardly revised 3.3% fall in the previous...

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...