Business

Appointments

Budapest Airport CEO to Leave Company at End of July

Chris Dinsdale, the CEO of Budapest Airport, will leave the company at the end of July, taking up a position...

Retail

Estonian Retail Sales Drop in January 

Estonian retail trade dropped by 6.9% year-on-year in January, following a 6.5% fall in the previous month, data released by...

Residential

Jysk: Half of Hungarians Renovated Last Year

Most Hungarians spend money on their home for practical reasons, according to research from Danish furniture retailer Jysk, writes business...

Telco

Vshosting~ Now Offering Hosting Services in Hungary

The biggest provider of managed hosting in CEE, vshosting~, is now offering hosting services in Hungary, looking to help Hungarian...

Innovation

MouldTech Partners With Uni to Develop Drone

Hungarian engineering services company MouldTech Systems and the Budapest University of Technology and Economics (BME) have developed a fixed-wing drone...

Retail

Retail Sales Down 4.5% y.o.y. in January

In January 2023, the volume of sales in retail trade in Hungary decreased by 3.9% according to raw data, and...

Science

Hungary Narrows Search for ISS Astronaut to 4

Hungary has narrowed the number of candidates for a single spot on the International Space Station (ISS) to four, Minister...

Innovation

Alteo Launching Green Finance Framework

Listed energy company Alteo announced yesterday that it has developed and set up its own green finance framework, reviewed by...

Pharma

Roche Launches Breast Cancer Screening Initiative With Partners

Roche Hungary announced a broad collaboration in the healthcare sector and among other large companies to increase the number of...

Office Market

World’s Leading Recruitment Agency Moving to Academia

Working for your tomorrow - is the slogan of Hays Hungary Kft., founded in 2007. The Hungarian firm, which is...

Interview

After 7 Years’ Service, Dutcham Elects new Chair

On February 16, Katinka Zinnemers (managing director at Abacus Medicine A/S) became the new chair of the Netherlands-Hungarian Chamber of...

Office Market

Skanska Completes Phase 1 of H2Offices

Skanska has completed the first 27,000 sqm phase of its 67,000 sqm H2Offices project in the Váci Corridor. The development...

Telco

Hungarians Speak on Phones Slightly More Than European Avg

The monthly volume of conversations on mobile phones per inhabitant in Hungary is 247 minutes, which will continue to rise...

Manufacturing

Poland Factory Activity Downturn Eases in February

Poland's manufacturing Purchasing Managers' Index, or PMI rose to 48.5 in February from 47.5 in January, survey data from S&P...

Construction

Gov’t Revising Construction Laws

The government has revised all laws governing construction and the protection of monuments, and these will be reorganized into a...

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...