Business

Transport

Shell Opens Its 1st LNG Truck Fueling Station in Hungary

Shell opened its first Liquefied Natural Gas (LNG) station in Hungary last week at the Szigetszentmiklós resting station of the...

Automotive

Bosch, BME Launch Center for Training Next-gen Engineers

Bosch and the Budapest University of Technology and Economics (BME) inaugurated their Competence Center for Innovative Vehicle Technologies, a state-of-the-art...

Interview

Veronika Spanarova: ‘Honored, Humbled and Thankful for the Recognition and Trust’

In the wake of winning the Expat CEO of the Year award for 2023, the Budapest Business Journal asked Veronika...

Construction

Construction Sector Pay Highest for Civil Engineering Work

Construction workers involved in civil engineering projects were paid one-third more than the industry average last year, data compiled by...

Construction

Construction Industry Pessimistic

Demand in the construction industry has decreased over the past year, according to the research conducted at the Construma trade...

Construction

Slovakia Construction Output Growth Eases in February

Construction output in Slovakia increased 9.2% year-on-year in February, easing sharply from a 5-year high of 15.4% in the previous...

Sustainability

Preparing Offices for the Heat Starts in the Spring

With the summer quickly approaching, there are several steps that could be taken already in the spring to boost the...

Construction

Construction Output Volume Down 11.8% y.o.y. in February

According to raw data published by the Central Statistical Office (KSH), Hungary's volume of construction output in February 2023 lagged...

Manufacturing

Slovenia Industrial Output Falls at a Softer Pace in February

Slovenia's industrial production decreased by 0.1% year-on-year in February, after a 4.9% annual decline in January, the Ljubljana-based Statistics Bureau...

Deals

4iG Flags Sale of Some Digi Mobile Assets

Listed ICT company 4iG on Thursday said that Digi, wholly owned by its subsidiary Antenna Hungaria, intends to sell some...

Retail

Slovak Retail Trade Drops in February

Retail sales in Slovakia fell 2.5% year-on-year in February, reversing a 0.1% increase in the prior month, figures from the...

Residential

Duna House Points to Real Estate Market Turnaround

Commissions revenue of listed real estate broker Duna House's franchise network fell 36% year-on-year to HUF 2.7 billion in the...

Innovation

Finding the Ideal Camp for Your Child

School holidays are the perfect opportunity to help your child develop and explore in new ways. But where can you...

Deals

Hungary, Russia Agree to Modify Paks II Contract

Hungary and Russia have reached an agreement on modifications to the contract on the expansion of the Paks nuclear power...

Manufacturing

Czech Industrial Production Rebounds in February

The Czech Republic's industrial production expanded in February after contracting in the prior month, led by an upturn in manufacturing...

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,...