Business

Competition

Applications for Vodafone Digital Awards Extended Until Mar 24

The Vodafone Hungary Foundation is extending the deadline for applications for the Vodafone Digital Awards until March 24....

Manufacturing

Gyermelyi Inaugurates HUF 6.5 bln Mill

Hungarian noodle maker Gyermelyi inaugurated a HUF 6.5 billion mill in Gyermely (about 31 km northwest of Budapest) on Friday,...

HR

Bulgaria’s Unemployment Rate Flattish in January

Bulgaria's registered unemployment rate edged up to 4.8% in January from 4.7% in December, the Employment Agency said on Thursday,...

Interview

Will Inflation Devour Wealth?

Last year saw a serious downturn for most investment vehicles, and experts are still on the lookout for a turnaround...

Innovation

NAV Consulting Users on GitHub

The National Tax and Customs Administration (NAV) is asking for users' opinions on the XSD schema drafts of the machine-to-machine...

Ecosystem

Hungarian Startup Ecosystem has High Potential, With Room for Improvement

Although Hungary has a solid basis for building a strong startup ecosystem that can drive the economy, it lags behind...

Office Market

Hungary’s Adventum Agrees to Purchase Wola Retro in Warsaw

The Hungarian Adventum Group has agreed to purchase Wola Retro, a prime office building in Warsaw, from Develia. The settlement...

Science

Medical Imaging Machine Revolution Inches Towards Hungary

While modern imaging equipment is already revolutionizing public healthcare in neighboring countries, it can still be a tedious affair to...

Automotive

Audi Hungaria Spins off Shared Services

Audi Hungaria established a subsidiary to provide purchasing, finance, and IT services for the Volkswagen group on Friday, according to...

Manufacturing

Bosch Announces New Investment at Miskolc Site

Bosch, a leading global supplier of technologies and services, is further strengthening its Miskolc site, which is part of its...

HR

Estonian Jobless Rate Rises in Q4

Estonia's unemployment rate increased to 5.4% in the fourth quarter of 2022 from 5.2% in the corresponding period last year,...

Deals

4iG Cleared to Raise Stake in Spacecom

Listed Hungarian IT company 4iG on Thursday said it was cleared by Israel's Ministry of Communications to raise its stake...

Transport

Parking Spot Prices up 27% Last Year

The average price of parking spots in garages in Hungary's capital and other big cities rose 27% to HUF 6.3...

Pharma

Richter Signs Agreement With Mithra on Sales of Donesta

Hungarian pharmaceutical company Gedeon Richter on Wednesday said it signed a license agreement with Belgian peer Mithra for the commercialization...

Transport

György Waberer to Part With Stake in Namesake Haulage Company

Listed hauler Waberer's International on Tuesday said it was notified that Merkport, a member of BDPST Group, agreed to acquire...

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...

Egis Opens Major Pharmaceutical Distribution Center in Fót

Egis has opened a distribution center in Fót with capacity for 30,000 pallets, expanding its finished-product logistics operations to support...

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,...