Business

Construction

Évosz: Local Construction Market Could be Halved

Hungarian construction association Évosz this week said the local home construction and renovation market could be halved if measures aren't...

Residential

Avg Home Price in Hungary Climbs 25%

The average home price in Hungary rose 25% to HUF 38.7 million in 2022, listed real estate broker Duna House...

Deals

Employers, Unions Sign Minimum Wage Agreement

Representatives of employers and unions signed an agreement on next year's minimum wage rise on Wednesday, according to a report...

Manufacturing

Poland Industrial Output Slows in November

Industrial production in Poland increased 4.6% year-on-year in November, easing from a downwardly revised 6.6% rise in the previous month,...

Logistics

CTP’s Hungarian Logistics Portfolio Hits 1 mln sqm Mark

By the end of 2022, the size of the logistics real estate portfolio of CTP reached 1 million sqm in...

Retail

Aldi Magyarország Staff to Get Another Pay Rise From January 

The local unit of German discount chain Aldi will raise staff pay by 10% from January 1, Aldi Magyarország said...

Retail

Stop Shop Celebrates 20th Anniversary in Hungary

The first Stop Shop retail park opened in Hungary 20 years ago, followed by a number of shopping centers in...

Transport

Slowdown of Passenger Traffic at Budapest Airport Continues

In November, the slowdown in traffic at Budapest Ferenc Liszt International Airport, which started in October, continued; after 80-81% in...

Deals

Watchdog Suspends Clearance of Alteo Buyout

The National Bank of Hungary (MNB) has suspended a clearance procedure for a mandatory public purchase offer for shares of...

Science

Vigilant Infection Prevention Fading

The data and feedback show that people pay much less attention to the protection and prevention of diseases than before,...

Manufacturing

Moldova Producer Inflation Eases in November

Producer price inflation in Moldova slowed 28.1% year-on-year in November from 34.9% in the previous month, economic portal Trading Economics...

Manufacturing

Companies Taking Over Troubled Tungsram Bases, Workers

Other companies will take over the bases, and close to 500 workers of Tungsram Operations, which is under liquidation, state...

Innovation

K&H Innovation Index Declines Slightly

The K&H innovation index shows a slight decline, indicating that Hungarian companies have carefully scaled back their innovation ideas in...

Deals

Bauwert Enters Strategic Partnership With Wing, Griffin Capital Partners

Berlin-based property developer firm Bauwert AG is entering a strategic partnership with the Hungarian Wing Group, as well as the...

HR

Roche Services and Solutions in Budapest Hits 2,000-employee Milestone

Roche Services and Solutions (RSS), the service center of the top global healthcare company Roche in Budapest, has been increasing...

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...