Business

Pharma

Richter Signs Term Sheet With Mithra for Sales of Donesta

Hungarian pharmaceutical company Gedeon Richter on Tuesday said it signed a binding term sheet with Belgian peer Mithra Pharmaceuticals on...

Manufacturing

Ganz Supplies Intelligent Transformers to Domestic and Int’l Markets

The first intelligent transformer of Ganz Transformers and Electric Rotating Machines Ltd. is now in operation in Sweden. In addition...

Pharma

Richter Peer AbbVie Receives Approval for Expanded Use of Vraylar

Hungarian pharmaceutical company Gedeon Richter on Monday said its U.S. peer AbbVie received a new drug permission from the U.S....

Office Market

Liberty Complex to Welcome New Int’l Tenant

Wing and Geodis have concluded a long-term lease agreement for a 1,200 sqm office space of the Liberty complex in...

Transport

Gov’t Plans Rollout of County Public Transport Passes

Hungary's government plans to introduce passes valid for all public transport within a county in the first half of 2023,...

Retail

Wolt Market Opening New Store in Debrecen

Wolt Market, Wolt's own online grocery store chain, is opening its eighth Hungarian store in Debrecen, according to a press...

Deals

MOL, Partners to Buy Alteo

Hungarian oil and gas company MOL on Saturday said it is partnering with Diófa Asset Management and Indotek-Investments to acquire...

Retail

Online Market Generated HUF 1.2 tln Last Year

According to the GKI report, in 2021, the online market generated a turnover of HUF 1.2 trillion in Hungary, and...

Manufacturing

Rheinmetall Lays Cornerstone of Várpalota Plant

The cornerstone of a munitions plant German defense industry company Rheinmetall is building in Várpalota (85 km southwest of Budapest)...

Inside View

Tracking the Ebb and Flow of FDI Into Hungary

As a law firm that has positioned itself to advise foreign investors concerning their activities in Hungary, we at Lakatos...

Office Market

Graphisoft Park Aims for Feb 15 Date to Modify Share Currency

Graphisoft Park will request that its shares trade in euros, instead of forints, from February 15, 2023, the business park...

Residential

Rents Edge up in November

According to the rent index of KSH-ingatlan.com, rents increased by 0.8% in November nationally and by 1% in the capital,...

Retail

Christmas Shopping in Budapest: It’s not About the Shopping

There are two ways to approach a day’s Christmas shopping in Budapest. You can plan it as if it were...

Deals

Márka Üdítőgyártó Adding Adrenalin-brand Products to Offerings

Márka Üdítőgyártó, one of Hungary's oldest soft drink makers, will add Adrenalin-brand products to its offering from February, according to...

Retail

Spar, Charity Service of the Order of Malta Launch Donation Campaign

This year again, shoppers can give Christmas presents to needy families in the framework of the joint food collection campaign...

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...