Business

Deals

Graphisoft Park Proposes Shares Trade in EUR

The management of Graphisoft Park, which owns and operates a business park in the north of the capital, will ask...

Transport

Volánbusz Starts HUF 6.5 bln Kravtex-Kühne Bus Order

State-owned bus company Volánbusz inaugurated the first of 100 buses it is getting in a HUF 6.5 billion order from...

Interview

AmCham: Serving as a Channel Between Businesses and Policymakers

The leadership team at the top of the American Chamber of Commerce in Hungary, president Zoltán Szabó and CEO Írisz...

Telco

Yettel Hackathon Seeks to Uplift Talent Solutions-seeking Talents

Yettel, one of Hungary’s biggest telecommunication service providers, is launching the “Hack it Your Way” hackathon to encourage developers and...

Interview

There’s no Good tax Advice Without Industry Knowledge

According to an assessment by the International Tax Review magazine, Andersen Adótanácsadó Zrt. was again the best-performing Hungarian tax advisor...

HR

Magyar Posta to Temporarily Close 366 Offices, Lay Off 300 Workers

State-owned postal services company Magyar Posta will temporarily close down 366 post offices in 210 settlements after November 11 in...

Manufacturing

Industrial Producer Prices up 42.7% y.o.y. in September

Industrial producer prices rose by 42.7% on average in September 2022 compared to one year earlier, according to data released...

Transport

Record-breaking Recruitment Numbers for Wizz Air

Discount airline Wizz Air hired some 2,500 new cabin crew members in the first nine months of the year, according...

Automotive

EV Charging Station Volume Climbs 45% in Q2

Charging volume at public EV charging stations in Hungary climbed 45% year-on-year to 4,888 MWh in the second quarter, the...

Automotive

Thyssenkrupp Inaugurates HUF 1.8 bln Szeged Office

Thyssenkrupp Automotive Technology Hungary yesterday inaugurated a HUF 1.8 billion engineering office in Szeged (170 km southeast of Budapest) that...

Construction

Sustaining the Continued Growth of the Hungarian Solar PV Market

The Hungarian solar PV market is ready to grow and is flush with investment opportunity, but also faces grid capacity...

HR

Unemployment Rate at 3.8% in September

The unemployment rate in Hungary stood at 3.8% in September 2022, according to data published by the Central Statistical Office...

Retail

Montenegrin Retail Sales Rise in Q3

Montenegro's retail sales rose by a real 7.1% year-on-year in the third quarter of 2022, official figures showed on Wednesday....

Residential

Used Apartment Square Meter Prices up y.o.y.

The price per average sqm of used apartments has increased significantly in the first nine months of the year, compared...

Pharma

Richter Submits EMA Application for RYEQO

Hungarian pharmaceutical company Gedeon Richter yesterday said it submitted an application to the European Medicines Agency (EMA) for its drug...

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...