Business

Manufacturing

Hungary Industrial Output Rises 0.5% y.o.y. in November

The volume of industrial production in Hungary grew by 0.5% year-on-year in November, according to raw data published by the...

Innovation

CYX Develops Air Purifier in HUF 1 bln R&D Project

CYX has developed an air purifier that prevents the spread of coronavirus in the framework of a close to HUF...

Manufacturing

Electrolux to Lay off Part of Employees at Satu Mare plant, Romania

Appliance manufacturer Electrolux will lay off part of the employees working at its cooker factory in Satu Mare, northwest Romania,...

HR

Unemployment Rate at 3.8% in November

In November 2022, the unemployment rate in Hungary stood at 3.8%, according to data released by the Central Statistical Office...

Telco

Antenna Hungária, State Sign Deal to Acquire Vodafone Hungary

Antenna Hungária and state-owned Corvinus have entered into a final sale and purchase agreement with Vodafone Europe to acquire 100%...

Manufacturing

Serbia Producer Inflation Slows in November 

Serbia's industrial producer prices on the domestic market rose by 13.3% year-on-year in December, after growing by an annual 15.3%...

Automotive

Erste: Margin Doubling Causing Fuel Price Increase

It is not oil, nor oil products, nor the exchange rate that explains the increase in fuel prices in Hungary,...

HR

100,000 Acquire AI Knowledge Through Public Course

As an initiative of the Hungarian Artificial Intelligence Coalition, more than 100,000 people have already acquired basic knowledge of artificial...

Automotive

Number of New Motorcycles up 13% y.o.y.

The number of new motorcycles sold in Hungary increased by nearly 13% in 2022, thus continuing an upward trend that...

Manufacturing

AR-Robotics Wins HUF 677 mln in EU Support for Upgrade

Sheet metal products maker AR-Robotics has won around HUF 677 million in European Union support covering half of the cost...

Innovation

GE Completes Separation of GE HealthCare

GE announced that it has completed the separation of its healthcare business, launching GE HealthCare Technologies Inc. (GE HealthCare), a...

Manufacturing

Masterplast Issues Profit Warning

Listed building materials company Masterplast said it had a loss in the fourth quarter and put full-year net profit at...

Retail

Retail Sales Grew by 0.6% y.o.y. in November

In November 2022, the volume of retail trade in both raw and calendar-adjusted data was 0.6% higher than in the...

Residential

Duna House Franchise Commissions Revenue Falls 26% in Q4

Commissions revenue of listed real estate broker Duna House's franchise network fell 26% year-on-year to HUF 2.8 billion in the...

Manufacturing

Romanian Producer Inflation Falls in November 

Romania's industrial producer prices increased by 35.1% year-on-year in November due to strong growth in utilities, mining, manufacturing and water...

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...

Resident Evil Game Prices Rise Around Film Premiere

Physical console editions of several Resident Evil games rose in price around the film’s Sept. 17 theatrical release, according to...

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...