Business

Sustainability

Phase 2 of Budapest Airport’s Noise Protection Program Starts

Budapest Airport launched the second phase of its Noise Protection Program yesterday, reducing noise burdens for people leaving in the...

Retail

Serbia’s Retail Sales Growth Accelerates in January

Serbia's retail sales increased by a real 1.8% year-on-year in January after recording a 0.2% fall in December, the Belgrade-based...

Retail

Lithuania Retail Sales Climbs on Year in January

Retail sales in Lithuania grew by 3.1% year-on-year in January, recovering from a 5.9% fall in December, figures from Statistics...

Manufacturing

Industrial Producer Prices Up 35% y.o.y. in Jan 2023

Industrial producer prices in Hungary were 35% higher on average in January 2023 than one year earlier, according to data...

Automotive

Continest Technologies, Partners Present Mobile EV Charging Station

Hungary's Continest Technologies, which makes foldable containers that can be used as temporary accommodations, offices, or first aid stations, presented...

HR

Magyar Posta to Lay Off 1,200 People

State-owned Hungarian postal company Magyar Posta on Tuesday announced a decision to lay off 1,200 people, according to a report...

Office Market

Kostal Group Opens Central Hub in Budapest

Kostal Group, a German family-owned company, opened its new sustainable flagship office in Budapest, according to a press release sent...

Sustainability

Energy-efficient Buildings Key to Hitting Climate Targets

The European Union could reduce energy use by 6% and CO2 emissions by 5% by upgrading the existing building stock....

Pharma

Richter Earnings Climb 11% in 2022

Net income of Hungarian pharmaceutical company Gedeon Richter rose 11% to HUF 155.6 billion last year, boosted by higher revenue...

HR

Magyar Bankholding Analyst Expects Temporary Rise in Unemployment

András Horváth, senior analyst at Magyar Bankholding, expects unemployment to rise to around 4.5% in the first half of the...

Transport

MÁV Puts Last of Stadler KISS Trains Into Service

MÁV-Start, the passenger division of state-owned railway company MÁV, has put the last of 40 Kiss double-decker trains from Switzerland's...

Science

Algorithms, Closer Connection With Doctors Define Patient Care in 2023

From systems able to predict sports performance at the Olympics to “fixes” for pacemaker issues to rapid diagnostics, medicine is...

HR

Poland Jobless Rate Increases in January

Poland's unemployment rate increased to 5.5% in January from 5.2% in the previous month, the Warsaw-based Central Statistical Office (GUS)...

Telco

Mobile Data Traffic Drives Magyar Telekom Revenue Growth

Mobile data traffic was the "engine of growth" for Magyar Telekom last year, CEO Tibor Rékasi said at a press...

Construction

Hungarians Hesitant About Renovation Decisions

The Ikea Life at Home 2022 consumer survey revealed that Hungarians are cautious for the time being, and are now...

Construction

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...

HR

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...

Appointments

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...

Retail

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...

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...

Manufacturing

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...

Residential

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,...

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...

Science

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...

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...

Retail

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...

Automotive

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,...