Business

Office Market

Positive Budapest Office Figures Recorded

Total supply in the Budapest office market has reached 4.7 million sqm as of the third quarter of the year,...

Automotive

AutoWallis, Alteo to Boost EV Charging Infrastructure

The initiative announced last year by Alteo and the AutoWallis Group to support the spread of green mobility in Hungary...

Science

Corvinus Ranks Among Best Business Schools in Region

Corvinus University of Budapest has been ranked third out of 21 competing Eastern European business schools from 21 countries by...

HR

Jobseeker Applications Rise 25%

The number of job seekers' applications posted on profession.hu rose 25% in the third quarter from the same period a...

Residential

Cordia Starts Selling 500 More Homes in Budapest

Residential property developer Cordia is adding more than 500 homes to its supply in three developments. Together with these new...

Retail

Wolt Market Reduces Prices of Nearly 100 Staple Grocery Items by 15%

Wolt Market has reduced the prices of nearly a hundred staple grocery and household goods this week, according to a...

Construction

Financial Profit Lifts Masterplast Earnings in Q3

Third-quarter after-tax profit of listed Hungarian building materials maker Masterplast rose 10% year-on-year to EUR 5,555,000, boosted by a financial...

Retail

Czech Retail Sales Continue to Fall in September

The Czech Republic's retail sales declined for the fifth straight month in September, data from the Czech Statistical Office (CZSO)...

Office Market

Graphisoft Park Profit Rose 18% y.o.y.

Net profit of Graphisoft Park, which owns and operates a business park in the north of Budapest, rose 18% year-on-year...

Retail

Hungary Retail Sales up 3% y.o.y. in Sep

In September 2022, the volume of retail trade in Hungary was 3% higher than in the same month of the...

Manufacturing

Czech Industrial Production Grows on Year in Sep

The Czech Republic's industrial production expanded at the fastest pace in more than one year in September, data from the...

Manufacturing

Tungsram to Undergo Liquidation

Hungarian lighting company Tungsram on Tuesday said it will undergo liquidation after failing to reach an agreement with creditor Magyar...

HR

1/5 of Employees Earn Minimum Wage

Earnings are growing rapidly in Hungary, but many people only earn the minimum wage or guaranteed minimum wage for more...

Manufacturing

Industrial Production Rises 11.3% y.o.y. in Sep

The volume of industrial production in Hungary grew in September 2022 by 11.3%, year-on-year, according to data by the Central...

Podcasts

3rd CEO Boardroom Meeting, Nov 9

The third CEO Boardroom Meeting of the year takes place tomorrow morning, Wednesday November 9, over breakfast in the beautiful...

Transport

Lake Balaton Cycling Upgrades to Add Wider Paths and New Bridges

Nearly 20 km of the Lake Balaton cycling circuit will be renovated under two programs financed through EU and domestic...

Pharma

Rooftop Breakfast Offers Helicopter View of AI’s Impact on Pharma

About 50 guests began their day in the beautiful setting of the Duchess Rooftop Bar of the Matild Palace Hotel...

Interview

Rethinking Data Strategies From Storage to Recovery

As Hungarian businesses manage increasingly fragmented data and face more sophisticated cyberthreats, reliable recovery is becoming a board-level priority....

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...