Business

Retail

Competition Office Launches Probe of Food Retailers

Hungary's Competition Office (GVH) on Wednesday said it is conducting a probe of the retail food sector to weed out...

Retail

E-commerce Expectations Unfavorable

Unprecedented pessimism prevails among internet retailers, the leading partner of GKID, Norbert Madár, told business daily Világgazdaság....

Appointments

Two New Leaders Join WeAreOpen

Hungary’s market leader DEI (diversity, equity, and inclusion) organization, has been expanded with two new leaders. Nóra Várady became the...

Manufacturing

Masterplast Acquires Peer With Glass Wool Plant in Pipeline

Listed building materials maker Masterplast on Wednesday said it signed a contract to acquire Pimco, a company in the process...

Deals

AutoWallis Group Entering Online Automotive Sales Market

In line with its earlier plans, AutoWallis has acquired Net Mobilitás Zrt., which operates the JóAutók.hu and Autó-Licit.hu portals, leading...

Automotive

Das WeltAuto Used Car Sales Fall to 6,278 in 2022

Das WeltAuto sold 6,278 cars last year, down from 7,442 in 2021, the used car business of Volkswagen importer Porsche...

Residential

Q4 Resale Flat Prices Fell 3.5%

The average price of resale flats in Budapest fell 3.5% in the fourth quarter compared to Q3, real estate broker...

Retail

Business Assoc Presses for ‘Gradual’ Price Cap Phaseout

The National Association of Businesses and Employers (Vosz) on Wednesday urged a "gradual" rollback of price caps on staples, parallel...

Office Market

Renovation of Krausz Palace Approaches Completion

The modernization of the Krausz Palace on Budapest's Andrássy út is nearing completion, according to a press release sent to...

Appointments

Balázs Fazakas Promoted to Partner at Lakatos, Köves & Partners

Balázs Fazakas, head of the Litigation and Dispute Resolution Group at Lakatos, Köves & Partners Law Firm (LKT) has been...

Automotive

BMW Group Sales in Hungary Climb 18% in 2022

BMW Group's new car sales in Hungary rose 18% to 5,267 last year, even as the market as a whole...

Manufacturing

Semcorp Plant in Debrecen ‘on Schedule’

Work on a factory Shanghai-based Semcorp is setting up in Debrecen (225 km east of Budapest) is moving ahead "on...

Telco

Competition Office Scrutinizing TikTok, Viber, Google

Hungary's Competition Office (GVH) is probing certain services offered by TikTok, Viber, and Google, the watchdog's head said in an...

Appointments

Rita Hruska Appointed as New Marketing Director of Pernod Ricard Hungary

Rita Hruska has been appointed Marketing Director of Pernod Ricard Hungary, coming to the Hungarian subsidiary of one of the...

Transport

Toll Operator Launches Vignette Query Function

Hungary's national toll operator Núsz on Tuesday announced the launch of a motorway vignette query function on its website, according...

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...