Business

Appointments

Indotek Group Appoints Int’l Sales Director

Indotek Group has appointed András Kovács as international sales director to support the company's growing international presence, according to a...

Retail

Bosnia’s Federation Retail Sales up in October

Retail sales in Bosnia's Federation rose by a real 1% on the year in October, after expanding by a revised...

Office Market

Graphisoft Park EGM Clears Shares to Trade in Euros

Shareholders of Graphisoft Park, which owns and operates an eponymous business park in the north of the capital, mandated the...

Retail

Estonia Retail Turnover Fall Continues in October

Estonian people continued to shop less as they reduced the spending on groceries amid high inflation and slower wage growth,...

Deals

4iG Books Loss on Acquisition-related Costs

Listed IT company 4iG booked a Q1-Q3 loss of HUF 7.7 billion as acquisitions and related costs weighed, an earnings...

Manufacturing

Industrial Producer Prices in Hungary up 41.7% y.o.y. in October

Industrial producer prices in Hungary rose by 41.7% on average in October 2022 compared to one year earlier, according to...

Residential

Project Handovers, FX Gain Lifts Duna House Earnings

Third-quarter after-tax profit of listed real estate broker Duna House rose 56% year-on-year to HUF 727 million, boosted by handovers...

HR

Over 20% of Companies in Czechia Plan to Hire More People in 2023

According to a survey conducted by ČSOB Index, 21% of companies and entrepreneurs in Czechia are planning to hire more...

Manufacturing

Bosnia’s Industrial Output Down in October

Bosnia's industrial production fell 3.0% year-on-year in October, after a revised decline of 1.0% in September, data from the Agency...

Retail

Lithuania Retail Sales Drop Further in October 

Retail sales in Lithuania fell by 3.5% year-on-year in October, after a 1.2% drop in the previous month, figures from...

Automotive

Automotive Industry Experiences Best Q3 on Record

In its survey of the automotive sector's 16 most significant players, EY found that July-September was the best third quarter...

Manufacturing

Bosnia Industrial Production Declines in October 

Industrial production in Bosnia and Herzegovina decreased 3.0% year-on-year in October, following a 1% drop in the previous month, data...

Retail

European Shoppers Reveal Holiday Habits 

During the holiday period, almost half of European customers, 41%, shop primarily in stores, while another 20% also shop online,...

Retail

Penny Market Inaugurates HUF 7 bln Expansion

German-owned discount supermarket chain Penny Market inaugurated a HUF 7 billion expansion of its logistic base in Karcag (165 km...

HR

Poland Jobless Rate Remains Stable in October

Poland's unemployment rate held steady in October after falling slightly in the previous month, figures from the Warsaw-based Central Statistical...

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...