Business

Logistics

Take-up on Budapest Logistics Property Market Falls 7% in Q4

Take-up on the logistics property market in and around Budapest fell 7% year-on-year to 222,700 sqm in the fourth quarter,...

Manufacturing

Lithuania Industrial Output Falls in December 

Industrial production in Lithuania fell by 7.7% in December, after showing no growth in the previous month's revised figure, data...

Automotive

Electric, Hybrid Vehicles to Take the Lead in Europe Within 4 Years

Sales of electric and plug-in hybrid cars in Europe will surpass sales of those equipped with other engine types by...

Appointments

New Partners Announced at Mazars

International audit and advisory firm Mazars has announced the appointment of Andrea Molnár and Dániel H. Nagy as partners....

Construction

Gov’t Awards Over HUF 523 bln in Home Renovation Subsidies

The government awarded over HUF 523 bln in home renovation subsidies to 250,000 families in the framework of a two-year...

Retail

Auchan Magyarország Raises Monthly Pay by HUF 32,000

Auchan Magyarország will raise the gross monthly pay of all full-time employees by HUF 32,000 from January, the French-owned supermarket...

Residential

Resale Home Price Values Outside Budapest Fall

Home prices fell outside of the capital in the fourth quarter compared to Q3, real estate broker Otthon Centrum said...

Transport

Budapest Raises Taxi Fares by 10%

The Municipal Council of Budapest voted on Wednesday to raise regulated taxi fares in the capital by 10% from March...

Transport

Főtaxi Cabs Carry One-Third More Fares in 2022

Főtaxi cabs carried one-third more fares in 2022, the company told state news wire MTI....

Residential

Home Rental Rates in Hungary Rise 20% in December 

Home rental rates in Hungary rose 20.2% year-on-year in December, data compiled by the Central Statistical Office (KSH) from listings...

Office Market

Orbico Hungary to Move to H2Offices

International distribution and logistics provider Orbico Hungary has signed a long-term lease agreement for 1,253 sqm office space with a...

Transport

Ryanair Expansion in Budapest Hinges on Court Decision, Says CEO  

Michael O'Leary, the CEO of Ryanair, on Tuesday said the Irish low-fare carrier would expand its base in Budapest and...

Construction

Koji: 2023 Uncertain for Construction Industry

2023 will be a year of uncertainty in the construction industry, László Koji, president of Évosz, told portfolio.hu....

Retail

Poland Retail Sales in December Decrease on Year 

Retail sales growth in Poland eased notably to 0.2% in December from 1.6% in November, data from the Central Statistical...

Retail

Primark to Open 1st Store in Hungary in Near Future

International fashion retailer Primark has announced that it will open its first Hungarian store in Budapest in the company's next...

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...