Business

Logistics

Raben Opens Cross-dock Facility in Dunaharaszti

As part of its large-scale development plans, logistics operator Raben opened its new cross-dock facility in Dunaharaszti, on the outskirts...

Appointments

Kam Jandu to Take Over as Budapest Airport CEO

Kam Jandu will take over as the CEO of Budapest Airport on May 1 from Chris Dinsdale, who is leaving...

Automotive

BMW Group Plant Debrecen Launches 3-year Vocational Program

BMW Group Plant Debrecen (225 km east of Budapest) will launch a three-year dual vocational training program in September, plant...

Retail

Spar Magyarország Revenue Climbs Close to 16% in 2022

Gross revenue of supermarket chain operator Spar Magyarország rose 15.6% to HUF 915.7 billion last year, chairman Gabriella Heiszler said...

Science

BME Partnering With Terran to Develop Solar Roof Tiles

Hungary's Terran is partnering with the Budapest University of Technology and Economics (BME) on a HUF 828 million project to...

Automotive

Monthly Used Car Sales Over 70,000 for 1st Time Since August

Used car sales in Hungary reached 72,300 in March, climbing over the 70,000 threshold for the first time since August,...

Logistics

Opex, Advanced Robotics Partner to Provide Warehouse Automation Solutions

Opex Corporation, a global leader in Next Generation Automation providing solutions for document, mail, and warehouse automation, has partnered with...

Deals

Competition Watchdogs Sign Cooperation Agreement

Competition authorities in the region have signed a cooperation agreement in Warsaw, Hungary's Competition Office (GVH) said on Tuesday, according...

Retail

Aldi Marks 15 Years in Hungary

German-owned discount chain Aldi marked the 15th anniversary of its first store opening in Hungary on Tuesday, according to a...

Telco

Nearly 120,000 Hungarians Replace Old Phones With Subsidies

Almost 120,000 Hungarians used HUF 4.2 billion in subsidies to replace their old mobile phones for ones compatible with 4G...

Science

Wing Sponsoring OTDK for the 4th Time

Real estate developer Wing is sponsoring the National Scientific Students' Associations Conference (OTDK) for the fourth time now, as a...

Manufacturing

Ganz Transformers Nearly Doubles Turnover in 2022

Ganz Transformers and Electric Rotating Machines' turnover almost doubled to a total of EUR 43.89 million in 2022 compared to...

Logistics

Herbavit Completes HUF 270 mln Warehouse

Herbavit, a wholesaler of windows, doors, and other building materials, has completed a HUF 270 million warehouse at its base...

Transport

Hungary Drafts Nat’l Cycling Strategy

A National Cycling Strategy drafted by Hungary's Active and Ecotourism Development Center together with a number of civil organizations was...

Automotive

AutoWallis Car Sales Climb 86% in Q1

Listed car seller AutoWallis's vehicle sales rose 86% to 13,800 in the first quarter from the same period a year...

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...