Business

HR

Czech Jobless Rate at 21-Month High in January

The Czech unemployment rate increased to 3.9% in January, from 3.7% in December, data released by the Czech Labor Office...

Logistics

Hungarian Logistics Committee Partners With EU Counterpart

The Hungarian Logistics Liaison Committee (MLKB), made up of six major domestic logistics professional organizations, and the European Transport, Logistics...

Deals

Hungary M&A Market Grows Over 50% in 2022

The value of mergers and acquisitions in Hungary climbed over 50% to USD 3.24 billion last year, boosted by the...

Interview

When Science Meets Finance: denkstatt Hungary Paving the Way in Sustainability

Sustainability is rising to prominence in the business world, becoming an ever more essential set of strategies that companies who...

Office Market

New Tenant in Wing’s Szerémi Office Building

Real estate developer Wing is set to welcome a new tenant to the Szerémi Office Building, offering category "A" office...

Appointments

MET Group Appoints New CEO of MET Energía España in Spain

MET Group, an energy company based in Switzerland with Hungarian roots, ​​​​​​​has announced the appointment of Ángel Crespo as the...

Transport

Motorway Vignette Sales Climb Over 15 mln in 2022

Motorway vignette sales in Hungary rose 13% close to 15.1 million last year, toll system operator NÚSZ said on Thursday,...

Transport

GVH Launching Investigation Against Wizz Air

The Economic Competition Authority (GVH) has launched an investigation against the airline Wizz Air on the suspicion that it may...

Retail

Czech Retail Sales Fall in December

The Czech Republic's retail sales continued its declining trend in December, data from the Prague-based Czech Statistical Office (CZSO) showed...

Deals

Alteo Board Advises Against Accepting Buyout Offer

The board of listed alternative energy company Alteo recommended shareholders not accept a buyout offer in an opinion issued on...

Residential

Futureal Integrates Commercial Development, Asset Management Business Lines

Futureal Group is restructuring its commercial development business and asset management business into one efficient pan-European platform, according to a...

Retail

Slovak Retail Sales Rebound in December

Retail sales in Slovakia went up 2.7% year-on-year in December, the first increase since July, following a 1.4% decline in...

Manufacturing

Estonia Industrial Production Slumps on Year in December 

Estonia's industrial production continued to decline sharply at the end of the year, data from Tallinn-based Statistics Estonia (SE) showed...

Sustainability

GTC to Save 500 MWh a Year in Váci Greens D

Tenants of the Váci Greens D office building can save up to several months' worth of energy costs already this...

Deals

Watchdog Clears Alteo Buyout

The National Bank of Hungary (MNB) has approved a mandatory public purchase offer for the shares of alternative energy company...

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,...