Business

Transport

MÁV-Volán Seeking to Expand Bicycle Transportation

Tickets suitable for transporting 1.2 million bicycles were purchased for Hungarian State Railways (MÁV) routes in 2022; the transport of...

HR

Poland Jobless Rate Falls in March 

Poland's unemployment rate dropped slightly as expected in March after remaining stable in the previous month, figures from the Warsaw-based...

Logistics

Weerts Logistics Parks Starts Eco-Friendly Project in Vecsés

Weerts Logistics Parks (WLP) and RaktárAD, a company group with Belgian-Hungarian ownership, are undertaking their 25th project within Europe in...

Deals

Wing Acquires Majority Stake in German Company Bauwert

Property developer Wing has announced the acquisition of a majority stake in German property company Bauwert....

HR

789 Doctors Certified to Work Abroad Last Year

Some 789 doctors were issued certificates for foreign treatment last year, reports napi.hu, referring to the data of the National...

Transport

New MÁV County, Country Passes Selling Well

More than 980 new county and country passes have been sold since the start of sales within the MÁV app...

Pharma

Richter AGM Approves HUF 390-per-share Dividend

Shareholders of Hungarian pharmaceutical company Gedeon Richter have approved payment of a HUF 390-per-share dividend on last year's earnings, the...

Residential

Hungary Home Price Growth Continues to Slow in Q4

The price of homes in Hungary rose 10.6% year-on-year in the fourth quarter, slowing from an annualized rate of 19.2%...

Deals

Wizz Air Invests GBP 5 mln in Sustainable Aviation Fuel Producer

Wizz Air has decided to invest GBP 5 million in biofuel company Firefly, marking the airline's first equity investment in...

Manufacturing

Lithuania Industrial Output Nosedives in March 

Industrial production in Lithuania plunged by 15.3% year-on-year in March, after an upwardly revised 8.4% decline in the previous month,...

Retail

Poland Retail Sales Drop Further on Year in March 

Retail sales in Poland shrank 7.3% year-on-year in March, following a 5% drop in the previous month, figures from the...

Podcasts

Fortitude and Servant Leadership – Sister Laura Discusses Human Dignity and the Roles of Aristotle and Thomas Aquinas in Business Leadership

Sister Laura, economist (PhD Corvinus), former Pepsi executive, and co-founder of the Christian Social Principles in Economy Mission discusses human...

Innovation

CX Leader Continues Operations as Foundever With Growth Plans in Hungary

One of the largest global providers of customer experience (CX) products and solutions - previously known as Sykes in Hungary...

Deals

Rába Sells Győr Property for HUF 3.2 bln

Listed automotive industry company Rába on Monday said it closed the sale of real estate in Győr (about 108 km...

HR

Salary Still Top Among Job Priorities

The most important aspect of job selection is still the salary, which 85% of employees consider the top priority, according...

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...