Business

Transport

700 mln Traveled on MÁV-Volán Routes Last Year

Almost 700 million people traveled on routes of the MÁV-Volán group (MÁV-Start, MÁV-HÉV, and Volánbusz) last year, according to profitline.hu....

Retail

Lithuania Retail Sales Decline in December

Lithuania's retail sales decreased for the eighth straight month in December, as both food and non-food sales declined, figures from...

HR

1/5 of Young People Have No Income

A fifth of young people have no income, another 20% receive HUF 100,000-190,000, and 11% reported having more than HUF...

HR

Number of Jobseekers Under Quarter of a Million

The number of registered jobseekers in Hungary reached 243,578 in January, up by 13,233 from the previous month, data released...

Retail

Tesco, Unions Agree on 15% Wage Rise

The management of the local unit of U.K. supermarket chain Tesco reached an agreement with unions on a 15% average...

Deals

Kazakhstan, Hungary Launch Joint Venture Capital Fund

Hungary's Széchenyi Funds and Kazakh-Singaporean venture capital company Steppe Capital signed a declaration on the establishment of a joint Kazakh-Hungarian...

Automotive

AutoWallis Closes Nelson Group Fleet Management Division Acquisition

After the Hungarian Competition Authority (GVH) granted its approval, AutoWallis' acquisition of the Nelson Group’s fleet management division has been...

Retail

Montenegro’s Q4 Retail Sales Rise on Year, Fall on Quarter 

Montenegro's retail sales rose by a real 11.6% year-on-year in the fourth quarter of 2022, the country's Statistical Office (Monstat)...

Interview

Building From a Position of Strength to Drive EV Sales

Since June 2022, Andrea Kővágó-Laky has been managing director of Ford in Hungary and the Czech Republic. The Budapest Business...

Residential

Duna House Boosts Stake in Italian Peer

Listed real estate broker Duna House on Friday said it raised its stake in Italian peer Hgroup from 70% to...

Retail

Border Hungarians Fill up Cheaper Abroad

Hungarians gathering fuel for their cars and other vehicles are filling up over the border in neighboring countries to avoid...

HR

Unemployment Rate at 3.9% in December

The unemployment rate in Hungary rose to 3.9% in December 2022, according to data published by the Central Statistical Office...

Residential

Cordia Successfully Completes Structure of Jade Tower

More than two months ahead of schedule, Cordia, member of Futureal Group - one of the largest property developer and...

Construction

Construction Materials Prices Stagnate Except Cement

Except for cement and cement-based construction materials, the price of the most essential products will only stagnate or rise slightly...

HR

Poland Jobless Rate Edges Higher in December

Poland's unemployment rate increased marginally in December after remaining stable in the previous two months, figures from the Warsaw-based Central...

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...