Business

Transport

Wizz Air Flights Most Delayed in Britain Last Year

Wizz Air flights took off from Great Britain last year with the longest delays, according to a survey prepared by...

Deals

Rába to Sell Győr Property for HUF 3.2 bln

Listed automotive industry company Raba has said it will finalize the sale of real estate in Győr to the highest...

Retail

Czech Retail Sales Fall in February

Retail trade in the Czech Republic declined by 6.4% year-on-year in February, below market forecasts of a 7% fall, and...

Automotive

Number of Public EV Charging Stations in Hungary up 14%

The number of public electric vehicle charging stations in Hungary rose 14% to 2,147 last year, a report by the...

Pharma

Richter Launches Share Buyback Program

Pharmaceutical company Gedeon Richter has announced the commencement on April 6 of a share buyback program, according to a report...

Automotive

Kravtex Signs 200 Unit Volánbusz Order

Hungary's Kravtex will deliver 200 Credo Econell 12-type buses to state-owned Volanbusz by year-end in the framework of an agreement...

Manufacturing

Time Machines, Digital Twins, and Crash Avatars: Welcome to the Industrial Metaverse

The concept of the metaverse has been around for some time, though it seems to stir much less public excitement...

Manufacturing

Ganz Intelligent Solutions Launches new Tech for Transformers

Storied Hungarian manufacturer Ganz has introduced new technology that helps transformers reach their peak performance, saving costs and contributing towards...

Office Market

InfoGroup: Built on Time, and Built-to-suit

The privately held Hungarian real estate developer InfoGroup is pursuing what it says is a distinct strategy compared to many...

Manufacturing

Continest Delivers Collapsible Containers Into Ever-expanding Market

Busy building his company, Continest CEO Vidor Kis-Márton, didn’t take a summer holiday from 2016 until last year. It was...

Manufacturing

Continental: Value-added Hungary ‘a key European Manufacturing Location’

Matthias Matic is the head of Continental’s Safety and Motion business area and a board member for the Automotive Group....

Retail

EcoFamily Expanding With 5 Stores

Retail chain EcoFamily, which sells non-perishables, household chemicals, and cosmetics, will open five stores this year, operator Napcsillag said this...

Retail

Hungary Retail Sales Down 10.1% y.o.y. in Feb 2023

In February 2023, the volume of retail trade in both raw and calendar-adjusted data was 10.1% lower than in the...

Automotive

AutoWallis 2022 Earnings up 166% on Higher Sales, Wider Margins

After-tax profit of listed car seller AutoWallis rose 166% to HUF 8.6 billion in 2022, lifted by higher revenue and...

Construction

Domestic Building Materials Market Slows

The domestic building materials market is slowing down significantly, with a substantial decline in the first months of this 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...