Business

Sustainability

Green Matters: Financial Drivers Must be Aligned With Environmental Issues

On the matter of how the concept of sustainability accreditation will develop and how green and sustainability issues will further...

Sustainability

Shedding Light on Environmentally Sound Interiors

Commercial property interiors bring together a plethora of issues regarding the general environment, the internal atmosphere and layout, staff wellbeing...

Sustainability

Sustainability a Central Element in Development Cycle

Accreditation from an independent, third-party sustainability organization such as the U.K.-based Breeam and the U.S.-based Leed, and increasingly the interior...

Office Market

Customer trust is the best investment

A happy workplace helps employees to be mentally and physically fit to perform at their best in a stress-free environment....

Sustainability

The ESG Approach in Real Estate Investment Deals

Zsolt Berényi has been acting as development director for GTC Hungary since September 1. With a more than 15-year track...

Office Market

2nd Phase of Corvin Innovation Campus Structurally Complete

The second phase of the almost completely contactless Corvin Innovation Campus office building has reached its highest point, according to...

Manufacturing

Industrial Production Rises in August

The volume of industrial production in Hungary grew by 14.4% year-on-year according to raw data, and by 9.3% y.o.y. according...

HR

Highest Tax Burden on Min Wage Earners in Hungary

According to the annual report of the International Labor Organization (ILO), Hungary has the highest tax burden on minimum wage...

Interview

Growth, Creative Benchmarking, and the Cost of Sustainability

French-based industrial group Legrand is celebrating 30 years on the Hungarian market. László Károlyi, who became CEO in 2004, has...

Retail

Retail Sales Rise 2.4% in August

In August 2022, the volume of sales in retail trade increased by 3.3% according to raw data, and by 2.4%...

Deals

AutoWallis, Partner Complete Renault Hungária Acquisition

AutoWallis Caetano Holding Zrt., founded by the AutoWallis Group, and its Portuguese partner, have gained ownership of Renault Hungária Kft.,...

HR

91% of Companies Raised Wages This Year

The majority of Hungarian companies have tried to mitigate the effects of rising inflation, according to profitline.hu....

Manufacturing

Latvia Annual Industrial Production Marginally Falls in Aug

Latvia's industrial production declined for the second successive month in August due to a contraction in manufacturing output, data from...

Science

Hungary Registers 13,765 New COVID Cases, 73 Deaths in a Week

The number of confirmed cases of the novel coronavirus in Hungary has risen by 13,765, while 73 deaths from COVID-19...

Residential

Price Gap Between Supply and Demand for Sub-Rentals Opens to 26%

In the capital, the price gap between the demand and supply prices for sub-rentals opened to 26% in September, according...

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...