Business

Transport

Korean Air Launches 2 Flights a Week Between Budapest and Seoul

South Korean national carrier Korean Air will operate two direct flights a week between Budapest and Seoul in the winter...

Fintech

Coca-Cola HBC Hungary Introducing Cashless Payment Solution

Thanks to a unique cooperation with the banking and fintech sectors, customers of Coca-Cola HBC Hungary will be the first...

Manufacturing

Estonian Industrial Output Rebounds in August

Industrial production in Estonia grew by 0.8% year-on-year in August, rebounding from a 6.4% drop a month earlier, data from...

HR

HUF 57 bln in Support Available for Hiring Disabled People

Accredited companies may apply for a little over HUF 57 bln in support to hire people living with disabilities by...

Logistics

HelloParks Starts Construction on EUR 70 mln Páty Warehouse

HelloParks has started construction of a close to EUR 70 million, 58,000 sqm warehouse in Páty (20 km west of...

Appointments

Róbert Ésik Joins EY as Partner

Róbert Ésik, the former CEO of the Hungarian Investment Promotion Agency (HIPA) joined EY on September 1, the Big Four...

Science

Insulin Resistance: Why ’Fashionable Illness’ Doesn’t Cut It

Although insulin resistance (IR) is a popular topic nowadays, we still shouldn’t refer to it as a fashionable illness, rather...

Automotive

Hungary Wants Leading Role in Vehicle R&D

Hungary wants to play a leading role in areas that will establish the future of the vehicle industry, individually in...

Retail

Retail Sales in Estonia Rise in August

Estonia's retail sales increased in August, influenced by most of the enterprises engaged in sales of automotive fuel, data from...

Residential

Hungary Home Sales Slow as Interest Rates Climb

Around 9,200 homes changed hands in Hungary in September, 22pc lower than the number in the same month a year...

HR

Over 17,000 Hungarian Students at Foreign Universities

The number of Hungarian students studying at foreign universities has risen from 13,888 in 2016/2017 to 17,052 in the 2021/2022...

Automotive

New Car Registrations Fall 9% in Jan-Sep

New passenger car registrations in Hungary fell 9.3% year-on-year to 85,769 in January-September, the Hungarian Association of Vehicle Importers (MGE)...

Retail

EUR 18 mln Renovation of Allee Shopping Center Completed

The nearly EUR 18 million renovation of the Allee Shopping Center in Budapest has been completed. The modernization featured the...

Appointments

MOL COO Appointed INA Chairman

Péter Ratatics, the COO of Hungarian oil and gas company MOL's domestic business, has been appointed chairman of Croatian energy...

Construction

45% of Construction Companies Expect Higher Revenue 

Around 45% of Hungarian construction companies expect to close this year with higher revenue, a survey of 400 businesses by...

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...