Business

Pharma

Richter Board Decides on Share Buyback Program

The board of Gedeon Richter has decided on a 12-month share buyback program up to HUF 40 billion, the pharmaceutical...

Manufacturing

Industrial Production Down 4.6% y.o.y. in February

The volume of industrial production in Hungary declined in February 2023 by 4.6% year-on-year, according to both working-day adjusted and...

Manufacturing

Latvia Industrial Production Down in February

Industrial production in Latvia decreased by 2.2% year-on-year in February, easing from a 9.8% drop in the previous month, data...

Sustainability

Budapest Airport Receives Well Health-Safety Rating

Ferenc Liszt International Airport has been awarded the international Well Health-Safety Rating, becoming the first airport outside of the United...

Manufacturing

Poland Manufacturing Activity Shrinks in March

Poland's manufacturing activity shrank again in March with concurrent falls in production and new orders, survey results from S&P Global...

Innovation

Europe’s #1 Tech Recruitment Event Returns to Budapest

Tech Jobs Fair is set to return to Budapest on May 11 this year, connecting exhibitors with relevant jobseekers from...

Deals

Otthon Centrum Makes Polish Acquisition

Hungarian real estate broker Otthon Centrum on Monday said it acquired a 70% stake in Polish peer Freedom Nieruchomosci for...

Podcasts

Examining the Factors Driving the Markets

The first BBJ CEO Boardroom Meeting of 2023 took place on February 28 in the Matild Palace Hotel. The themes...

Transport

Budapest Bike-sharing Scheme Expands in District III

Budapest's Mol Bubi bike-sharing scheme, operated by the Budapest Public Transport Center (BKK) with the support of Hungarian oil and...

Office Market

Strong Hungarian Presence at Annual Mipim Expo in Cannes

The Mipim commercial real estate and investment expo at the Palais des Festivals in Cannes attracted more than 23,000 participants...

HR

Nolato Partners With Happy at Work

Nolato has chosen to partner with Happy at Work to measure employee well-being and evaluate and promote the company work...

HR

BKV Recruiting Intensively

There are ever fewer drivers at BKV Zrt., which is why the capital transport company is prioritizing recruitment, according to...

Retail

Slovenia Retail Sales Fall for the 1st Time in Over 2 Years

Retail sales in Slovenia dropped 4% year-on-year in February, reversing from a downwardly revised 17.9% growth in the previous month,...

HR

IBS Reaches 50-50% Gender Ratio in Management

The International Business School (IBS) assembled its management team for 2023 in a way that ensures that the positions are...

Automotive

Bosch, BME Inaugurate EV Tech Center

The Budapest University of Technology and Economics (BME) and German engineering giant Bosch inaugurated an Innovative Vehicle Technology Competency Center...

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...