Business

Manufacturing

Poland Industrial Output Contracts, Producer Price Inflation Slows 

Poland's industrial production declined for the first time in thirty-three months in February, while producer price inflation eased further to...

Sustainability

Pólus Center Energy Consumption Down, Visitors up in 2022

Despite economic challenges, Pólus Center managed to increase its traffic and reduce its energy consumption last year, according to a...

HR

Poland Corporate Employment Slightly up in February 

Corporate employment in Poland increased 0.8% year-on-year to 6.526 million people in February, the softest growth since December 2021, figures...

Transport

Wizz Air Adds More Flights to Summer Timetable 

Wizz Air will add more flights to 13 routes it flies from Budapest in the summer, chairman Robert Carey said...

Deals

Óbuda U Partners With Samsung SDI on EV Battery Course

Budapest's Óbuda University on Tuesday announced the launch of a course in EV battery manufacturing with the cooperation of Samsung...

Automotive

Hungarian Used Car Market Shows Signs of Recovery

According to preliminary DataHouse data, 64,000 cars changed hands in February, down 4% from 67,700 in January, but if the...

Automotive

AutoWallis Publishes 1st Sustainability Report

The AutoWallis Group has published its first sustainability report, and it will continue to do so after each business year,...

Telco

Smartphone Transactions Jumped Last Year

The number of smartphone transactions and the traffic related to them increased several times compared to the previous year, according...

Telco

4iG Boosts Stake in Vodafone Magyarország With Share Swap

Listed ICT company 4iG on Monday said its unit Antenna Hungária raised its stake in Vodafone Magyarország to 70.5%, according...

Retail

Lidl Considering Home Delivery

Lidl Hungary is investigating the possibility of introducing online shopping, the company has told business daily Világgazdaság....

Manufacturing

Civita Group Inaugurates HUF 2.5 bln Pasta Plant

Family-owned Civita Group inaugurated a HUF 2.5 bln gluten-free pasta and edible tableware plant in Monostorpályi (206 km east of...

Office Market

Int’l Investors Interested in Hungary’s Real Estate Trends

International investors with significant capital power inquired about Hungary's real estate development trends, investment opportunities, and current developments at the...

Manufacturing

Schneider Electric Lays Cornerstone of HUF 16 bln Plant in Hungary

French-owned Schneider Electric laid the cornerstone of a HUF 16 billion plant that will make medium-voltage distribution equipment in Dunavecse...

Ecosystem

Design Terminal Launching Female Entrepreneur Initiative

After developing its own female business development program, Design Terminal could now form a European network of female entrepreneurs this...

Automotive

Global Energy Crisis Increases Electric Vehicle Expenditure

With motorists eyeing greener transport options, electric vehicles are gaining ground in Hungary. Yet, driving a pure EV has gotten...

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...