Business

Automotive

Used Car Imports Show Double-digit Decline

The number of used car imports to Hungary fell 19% year-on-year to 9,663 in November, used car website JoAutok.hu said...

Telco

T-Systems Hungary To Continue Operations Under New Name

T-Systems Hungary Zrt. will continue to operate as Telekom Rendszerintegrációs Zrt., news site HVG reports....

Office Market

Infomix Becomes Tenant at CityZen

Infomix, a company that has been developing software for Hungarian doctors since 1990, became a tenant of the CityZen Office...

Science

Hungarian Researcher Makes Breakthrough in the Field of Antibiotics

Dr. Viktória Lázár, a researcher at the Szeged Biological Research Center and head of the next-generation team at the Hungarian...

Manufacturing

Poland Factory Activity Remains in Downturn in November

Poland's manufacturing Purchasing Managers' Index, or PMI, rose to 43.4 in November from 42 in October, survey data from S&P...

Manufacturing

Estonia Industrial Production Declines in November

Estonia's industrial production decreased in November, amid a fall in manufacturing, electricity, and mining output, data from Statistics Estonia (SE)...

Residential

Home Loan Rates Climb Over 10%

The average annual percentage rate for home loans in Hungary stood at 10.25% in October, monthly data released by the...

Office Market

Services Centers Help Drive Success of the Budapest Office Market

Whether you call them shared service centers (SSCs), business services centers (BSCs), or global business services centers (GBCs) and what...

Interview

Hungarian Business Services Sector at ‘Next Stage of Maturity’

To mark the rebranding of the Hungarian Service and Outsourcing Association (HOA) as the Association of Business Service Leaders (ABSL),...

Podcasts

Sister Laura, Dominican Religious Sister, Economist, Author, and Co-founder of Christian Social Principles in Economy Mission Discusses Ethical Capitalism and a Human-centered Economy

Sister Laura, Dominican religious sister, economist, author, and co-founder of Christian Social Principles in Economy Mission, who received her Ph.D....

Transport

Mahart Container Center Depot Opening at Budapest Airport

Mahart Container Center (MCC), one of Hungary’s leading container terminal operators, has leased a new, 30,000 sqm operational area at...

Manufacturing

Croatia Industrial Output Falls Sharply in October

Industrial production in Croatia declined by 0.3% year-on-year in October, the first decline since November 2020, following a 2.2% rise...

Residential

Home Sales Set to Reach 8-year Low

Listed real estate broker Duna House estimates home sales in Hungary will reach 125,000-127,000 for the full year, the lowest...

Deals

Municipal Council Buying Back Stake in Sewage Works

The municipal council of Budapest voted yesterday to buy back a 25%-plus-one-vote stake in the Budapest Sewage Works (FCSM) for...

Deals

BDPST Equity Acquires Minority Stake in Waberer’s

BDPST Equity, a unit of real estate management company BDPST Group, has acquired an indirect 26.76% stake in Waberer's International,...

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...