Business

Office Market

Hungary to Showcase Industrial, Offices, Hotels at Mipim

Industrial and logistics, office, and hotel development projects will be the focus of the Hungary-Budapest stand at Mipim 2023 next...

Office Market

Analysts Expect H1 Real Estate Yield Correction

Sentiment towards the CEE markets indicates that investors are adopting a cautious wait-and-see approach to Hungary and the wider CEE...

Manufacturing

Masterplast Boosts Stake in Italian Business

Listed Hungarian building materials maker Masterplast on Thursday said it agreed to acquire a 44.5% stake in Masterplast Italia, boosting...

Manufacturing

Romania Industrial Output Falls on Year in January

Romania's industrial production decreased by an adjusted 6.1% year-on-year in January, data from the National Institute of Statistics (INS) showed...

Automotive

Audi Hungaria Revenue Reaches EUR 8.4 bln in 2022

Revenue of the local unit of German car maker Audi rose by EUR 719 million to EUR 8.436 bln last...

Appointments

New Director of Food & Beverage at Matild Palace

Matild Palace has added another top executive to its management team with the appointment of Burak Cecen as the luxury...

Podcasts

‘Agility is Crucial’ – BBJ CEO Breakfast Briefing

Agility is crucial: that was perhaps the key takeaway from the latest CEO Breakfast Briefing, organized by the German-Hungarian Chamber...

Transport

750 Young Hungarians Eligible for Free European Train Pass

Some 750 young Hungarians can get a free European train pass as part of the new eighth tender of the...

Deals

Alteo Shareholders Part With 12.2% Stake in Buyout Offer

Stakeholders in listed alternative energy company Alteo parted with shares carrying 12.24% of voting rights in a mandatory public purchase...

Residential

Housing Market Revived in February

The housing market revived in February with increasing transactions and slowly strengthening demand, according to Duna House, writes profitline.hu....

Deals

MOL Group Parts With 39 Slovenian Refueling Stations

Hungary's MOL Group is selling 39 of its refueling stations in Slovenia to win European Commission approval for its acquisition...

Transport

New Bike Path Connecting Zala County Towns

Towns across Zala County are being connected by a new bicycle path, which is being built by the Zala county...

Deals

Hungary, Indonesia Sign Blockchain Tech Cooperation Deal

Asih Karnengsih, president of the Indonesian Blockchain Association; András Levente Gál, CEO of Neumann János Nonprofit; and Tamás Czeglédi, head...

Retail

Bulgaria Retail Sales Rise, Industrial Output Declines in January 

Bulgaria's retail sales at constant prices, except for motor vehicles and motorcycles, increased by 5.6% year-on-year in January, after climbing...

Construction

Construction Output in Hungary Down 3.6% y.o.y. in January

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

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...