Business

Transport

Electric Bus to Mátra Power Plant Tested

An electric bus transporting workers will be put into test operation in the area of the Mátra Power Plant, State...

Residential

2nd Phase of Living’s Kassák Project Handed Over

Kassák Passage, the second phase of Living’s Kassák Project has received its final use permit, so residents will now be...

Deals

Buyout Offer for Waberer’s Shares Suspended

Listed Hungarian hauler Waberer's International said on Thursday that its board of directors received a notification that the approval process...

Construction

Évosz Calls for Modernizing Construction Industry Training

The largest professional organization, the National Trade Union of Construction Contractors (Évosz), considers it timely to restart professional consultations regarding...

Retail

Poland Retail Sales Growth Accelerates in August

Poland's retail sales growth improved for the first time in four months in August, figures from the Warsaw-based Central Statistical...

HR

Consultations Start on New Wage Agreement

The VKF, a forum of employers, unions, and the government, has started consultations regarding next year's minimum wage and the...

HR

Unemployment Rate at 3.6% in August

In August 2022, the unemployment rate stood at 3.7% in Hungary, according to data released by the Central Statistical Office...

Construction

Masterplast Raises Mid-Term Guidance

Listed Hungarian building materials maker Masterplast has raised its mid-term guidance, according to an investor presentation released on the website...

Manufacturing

Poland Industrial Output Growth Improves in August

Poland's industrial production growth accelerated more-than-expected in August, while producer price inflation held steady, data from the Central Statistical Office...

Innovation

Nearly 1/4 of Hungarians Have Used E-Signatures

Some 86% of Hungarians have already heard of electronic signatures, and nearly a quarter have used them, according to FaceKom's...

Science

Hungary Registers 12,307 COVID Cases, 48 Deaths in a Week

The number of confirmed cases of the novel coronavirus in Hungary has risen by 12,307, while 48 deaths from COVID-19...

Manufacturing

Moldova Industrial Output Falls in July

Industrial production in Moldova declined by 14.4% year-on-year in July, following a 6.6% drop in June, reported the web portal...

Retail

Spar Magyarország Reaches Franchise Program Milestone

Supermarket chain Spar Magyarország marked the tenth anniversary of its franchise program on Tuesday, according to a report by state...

Deals

Immofinanz Acquires CPIPG’s Retail Portfolio

As part of its value-creating growth strategy with a focus on high-return properties, Immofinanz is acquiring 53 retail properties in...

Transport

Wizz Air to Acquire 75 Airbus A321neo Planes

Low-cost airline Wizz Air has announced that it has given notice to Airbus to exercise its purchase rights in relation...

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...