Business

HR

Half of Workers Expect Pay Raise This Year

Some 63% of employees received a wage increase or some kind of extra benefit due to their increased expenses last...

Incubators

Applications Open for Rubik Garage CEE Accelerator

Founders of early-stage startups or at minimum viable product level who want to expand into a new CEE market, raise...

Deals

4iG Raises Stake in Spacecom to 20%

Listed Hungarian IT company 4iG on Friday said it raised its stake in Israeli satellite company Space Communications from 9.538%...

Residential

Rise in Real Estate Prices Expected Over the Summer

In certain segments of the real estate market, prices are still expected to drop in the coming months, but from...

Interview

Building a Framework for Sustainability and ESG

While the Big Four consultancies and larger accountancy firms deal with the specialties of sustainability reporting, Budapest-based PR and communications...

Inside View

Legal Aspects of ESG Performance and Gender Diversity in Management of Firms

Recently, gender equality has played a more critical role in improving social development and expanding economic benefits. Certain studies show...

Office Market

Atenor Developing on 4 ESG Pillars

Belgian real estate developer Atenor is present in 10 countries in Europe, including, since 2008, Hungary. A leading “campus developer,”...

Office Market

ESG and Financial Issues Have Dual Impact on Commercial Real Estate

ESG criteria are increasingly utilized in the real estate sector from development and investment perspectives. The industry is expected to...

Incubators

Morgan Stanley Targets Women, Ethnic Minority Entrepreneurs With MSIVL

Morgan Stanley has announced a doubling in the number of participants in its Inclusive Ventures Lab (MSIVL) in Europe, the...

HR

Unemployment Rate at 3.9% in January

The unemployment rate in Hungary stood at 3.9% in January 2023, according to data published by the Central Statistical Office...

Construction

Several Trillion HUF in EU Funds Incoming to Construction Industry

In the current EU budget cycle, several trillion forints of EU funds may come to the construction industry, announced Szabolcs...

Automotive

Hungarian Tire Market Recovered Last Year

Despite changing circumstances and inflation, the Hungarian tire market was able to strengthen last year, as sales indicators reached pre-coronavirus...

Office Market

CityZen Reaches Full Occupancy With Expansion of ODD Consulting

ODD Consulting Kft. has expanded its team on the third floor of the "A" category CityZen Office Building, which has...

Automotive

Rába Profit Falls on Slimmer Margins, Financial Loss

Hungarian automotive industry company Raba's after-tax profit fell 51% to HUF 0.6 billion last year, an earnings report published after...

Telco

Magyar Telekom Earnings Rise 7% in 2022

Net income of Magyar Telekom rose 7% to HUF 63 billion in 2022, parallel with climbing revenue, state news wire...

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,...