Business

Appointments

AmCham Committee Chair Elected

The American Chamber of Commerce in Hungary has announced that Zsolt Kákosy has been elected chair of AmCham's Workspace and...

Deals

Masterplast Partners With Market Építő

Listed building materials maker Masterplast on Friday said it entered into a strategic cooperation agreement with Hungarian construction company Market...

Automotive

Porsche Hungaria Sales Reach 30,000 in 2022

Porsche Hungaria, the Hungarian importer of Volkswagen group brands, has sold around 30,000 new passenger cars and light commercial vehicles...

Deals

4iG, Rheinmetall Establish IT JV

Listed Hungarian ICT company 4iG on Wednesday announced the establishment of a local joint venture with German defense industry company...

HR

Polish Jobless Rate Unchanged in November

Poland's unemployment rate held steady at 5.1% in November, unchanged from October, the country's Family and Social Policy Minister Marlena...

Retail

Czech Retail Sales Fall Further in October

The Czech Republic's retail sales continued to decline in October, data from the Prague-based Czech Statistical Office (CZSO) showed on...

Residential

New Home Prices Edge up 3%

New home prices in Hungary could edge up 3% in the coming year, while resale home prices fall close to...

Interview

Science is Universal: Hungary Aims to Promote ‘Brain Circulation’ at its Research Sites

The National Research, Development, and Innovation Office (NKFIH) is launching a website to promote Hungary’s research infrastructure. The Budapest Business...

Retail

Slovak Retail Sales Down in October

Slovakia's retail trade fell by 4.4% from a year earlier in October, following a 4.9% decrease in the previous month,...

HR

Number of Job Adverts up Minimally

The number of job advertisements placed on allasportal.hu increased minimally, by 280, from November to December, according to a report...

Manufacturing

Latvia Industrial Output Shrinks Further in October

Industrial production in Latvia fell 2.7% year-on-year in October, following an upwardly revised 3.8% decline in the previous month, data...

Automotive

MOL Unable to Deliver New Fuel Orders Until Monday

Until midnight on Sunday, MOL's wholesale partners can only place new orders for fuel if they can arrange delivery themselves,...

Retail

Retail Sales in Hungary up 0.6% y.o.y. in Oct

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

Retail

Poles Will Spend an Average of EUR 305 on Christmas

A statistical Pole plans to spend an average of PLN 1,427 (appr. EUR 305.50) during the upcoming Christmas, almost 1%...

Office Market

Veeva Systems Relocates Budapest Office to Roseville

Veeva Systems Hungary, the Hungarian unit of Veeva Systems Inc. has decided to relocate its Budapest site to RoseVille, developed...

Retail

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...

Pharma

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...

Interview

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...

Pharma

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...

Construction

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...

HR

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...

Appointments

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...

Retail

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...

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...

Manufacturing

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...

Residential

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,...

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...