Business

Pharma

Pécs Uni, Richter Partner on Cryo-EM Center

The University of Pécs is acquiring a cryogenic electron microscope and setting up a cryo-EM competency center at a cost...

Incubators

ESA Technology Broker: Space Industry Solves Challenges of Everyday Life

The Technology Broker program of the European Space Agency (ESA) emphasizes: space technology helps companies that operate in other industries....

Transport

Egypt Raises Order of Hungarian Rolling Stock to EUR 1.1 bln

Egypt's state-owned railway company has added another 50 carriages to a 1,300-unit order from a Hungarian consortium, raising the value...

Manufacturing

Poland Factory Activity Sustains Contraction in January

Poland's manufacturing Purchasing Managers' Index, or PMI, rose to 47.5 in January 2023 from 45.6 in December, survey data from...

Fintech

Corvex Winds up Virtual Bank Card Project

Hungarian software developer Corvex has wound up a HUF 275 million project to develop a flexible and secure payment platform...

Manufacturing

Gov’t Steps in to Make Payroll for Troubled Dunaferr

The government has decided to cover payroll for troubled steel maker Dunaferr for a period of six months, Prime Minister...

Residential

Hungary Home Sales Fall 46% in January

Listed real estate broker Duna House said 5,853 homes changed hands in Hungary in January, down 46% from the same...

Manufacturing

Electrolux to Cease Production at Nyíregyháza Plant

Electrolux will discontinue production at its refrigeration products factory in Nyíregyháza (about 207 km east of the capital) from the...

Innovation

BorsodChem Starts Using SAP S/4HANA ERP System

BorsodChem Zrt. was the first subsidiary of the Wanhua Group in Europe to switch to the SAP S/4HANA ERP system,...

Retail

Estonian Retail Sales Drop in December 

Estonian retail trade fell by 6.5% year-on-year in December, the fourth straight month of fall in retail sales and the...

Telco

4iG, State Close Acquisition of Vodafone Hungary

Antenna Hungaria, a unit of listed IT company 4iG, and state-owned Corvinus have closed the acquisition of Vodafone Hungary, 4iG...

Manufacturing

Ganz Closes 2022 With Strong Growth

Ganz Transformers and Electric Rotating Machines says that it closed a very successful year in 2022, strengthening its production capacity,...

Retail

Slovenia Retail Trade Growth Slows in December 

Retail trade in Slovenia rose by 2.8% year-on-year in December, slowing from a 7.4% increase in the previous month, figures...

Manufacturing

Industrial Producer Prices up 34.9% y.o.y. in December

Industrial producer prices in Hungary rose by 34.9% on average in December 2022 compared to one year earlier, according to...

Retail

GVH Fines eMag Operator for Falling Short of Remedial Commitments

Hungary's Competition Office (GVH) on Monday said it fined the operators of online retailer eMag HUF 50 million for failing...

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...

DUIHK Central to the German-Hungarian Bilateral Economic Relationship

Róbert Keszte became president of the German-Hungarian Chamber of Industry and Commerce (DUIHK) in 2025. In this interview with the...

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...