Business

HR

Work-life Balance Trumps Career Development for Employees

Based on an international survey, the balance between work and private life is more important to workers in the long...

Manufacturing

Lithuania Industrial Output Falls at a Softer Pace in February

Industrial production in Lithuania dropped to 7% in February, easing from a downwardly revised 7.3% fall in the previous month,...

Automotive

Audi Hungaria Management, Union Reps Reach Wage Deal

The management of Audi Hungaria has reached an agreement with union representatives on this year's pay rise, the local unit...

Automotive

Magyar Suzuki to Start Dual Training Courses

The Komárom-Esztergom County Chamber of Commerce and Industry has registered Magyar Suzuki as one of the accredited partner organizations of...

Residential

Number of Residential Developments in Cities Falls 9% 

The number of residential developments in big cities, excluding the capital, fell 9% in the first quarter from the same...

Interview

A Comprehensive Solution in Difficult Times

On February 1, Exim Hungary launched the Baross Gábor Reindustrialization Credit Program to support companies registered in Hungary. The Budapest...

Pharma

Richter Board Proposes HUF 390/Share Dividend

The board of listed pharmaceutical company Gedeon Richter will propose payment of a HUF 390-per-share dividend on last year's earnings...

HR

Unemployment Rate at 4% in February

The unemployment rate in Hungary stood at 4% in February, according to data released by the Central Statistical Office (KSH)....

Retail

Hungary to Roll out Online Price Monitoring System

Hungary will introduce an online price monitoring system to increase transparency and boost competition, the Competition Office (GVH) and the...

Construction

Construction Specialist Wait Times Have Fallen

The shortage of professionals in Hungary has been reduced by less than half, according to Mapei Kft.'s research, based on...

Manufacturing

Siemens at Forefront of Sustainability in Manufacturing Industry

The Budapest Business Journal talks with András Simon, energy efficiency expert at Siemens Zrt., about the company’s successes and plans...

Fintech

MNB Grants License to Local iBanFirst Fintech Branch

IBanFirst, one of the largest European online platforms for international payments for SMEs, received a license from the National Bank...

Innovation

Regional Cloud Sales Growth Expected in Coming Years

The sales revenue of the cloud technology market used in manufacturing and trade in the Baltics and Eastern Europe will...

Retail

Poland Retail Sales Falls in February

Poland's retail sales decreased for the second straight month in February, and at a faster-than-expected rate, figures from the Warsaw-based...

Construction

Graphisoft Introduces Archicad Collaborate

Graphisoft introduced Archicad Collaborate, a subscription-based offer combining Archicad for architectural design with BIMcloud SaaS for fast, secure access to...

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...