Business

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...

Telco

Magyar Telekom to Adjust Fees to Inflation

Magyar Telekom will roll out a 14.5% inflation-based fee adjustment across its customer contracts from March 1, 2023, raising monthly...

Automotive

AutoWallis Group Closed 2022 With Record Sales

Sales of the AutoWallis Group set new records in all the group's divisions and areas in 2022, according to a...

Transport

GreenGo Expands Fleet Over 50%

Car-sharing company GreenGo on Monday said its fleet of electric vehicles grew by over 50% to 500 last year, according...

Automotive

Audi Hungaria Engine Output Climbs to 1,677,545 in 2022

The local unit of German car maker Audi produced 1,677,545 engines at its plant in Győr (108 km northwest of...

Construction

Construction Output in Hungary up 7% y.o.y. in November

According to raw data published by the Central Statistical Office (KSH). the volume of construction output in November 2022 surpassed...

Manufacturing

Croatia’s Industrial PPI up in December

Croatia's industrial producer prices rose by 14.9% year-on-year in December, after rising by 17.9% in November, the Croatian Bureau of...

Innovation

Hungary’s Most Powerful Supercomputer Handed Over

The Komondor supercomputer, operated by the Governmental Information Technology Development Agency (KIFÜ), has been handed over in the city of...

Deals

Regulator Gives Go-ahead for Alteo Buyout

The Hungarian Energy and Public Utilities Regulatory Office (MEKH) has given prior consent for the buyout of alternative energy company...

Retail

Czech Retail Sales Fall in November

Retail sales in the Czech Republic fell for a seventh straight month in November amid the strongest inflation in decades,...

Transport

Volánbusz Reaches Agreement With Union

An agreement was reached between Volánbusz and the Solidarity Bus Transport Union (Szaksz) on the implementation of a uniform fuel...

Fintech

Hungarians Still Curious About Crypto

The Hungarian population considers it necessary to have much more information about cryptocurrencies, according to a representative survey commissioned by...

Manufacturing

Nestlé to Invest HUF 140 bln Into Hungarian Pet Food Plant

Nestlé will invest HUF 140 billion at its pet food plant in Buk (about 172 km west of Budapest), boosting...

Automotive

Toyota Takes 11.7% Market Share in Hungary

Toyota brand dealerships sold 15,102 passenger cars and light commercial vehicles in Hungary last year, giving the Japanese car maker...

Transport

Wizz Air Launches Flights From Budapest to Saudi Arabia

Discount airline Wizz Air has launched two new flights to Saudi Arabia from Budapest this week, according to a press...

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...

FDA Accepts Richter’s Fylrevy Menopause Therapy Application for Review

The U.S. Food and Drug Administration (FDA) has accepted Gedeon Richter’s new drug application for Fylrevy, the Hungarian pharmaceutical company...

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...