Business

Automotive

Thyssenkrupp Tops out HUF 15 bln Expansion in Hungary

Germany's Thyssenkrupp topped out a HUF 15 billion expansion at its power steering systems plant in Jászfényszaru (52 km east...

Residential

Apartments of Cordia’s 1st U.K. Project Handed Over in Birmingham

The apartments of the first phase of The Gothic project, developed by Cordia Blackswan, a local subsidy of Hungary's leading...

Manufacturing

Romania Industrial Production Rises on Month in July

Romania's industrial production expanded in July, led by increased output in the manufacturing and electricity sectors, data from the Bucharest-based...

Automotive

Automotive Industry Output up 16.6% y.o.y. in July

The output of the automotive industry, Hungary's most significant manufacturing sector, rose 16.6% year-on-year in July, according to a detailed...

Science

Healthcare Workers 1st in Line to Get Updated COVID Boosters

Healthcare workers will have priority as inoculations with the first doses of a bivalent vaccine developed by Pfizer and BioNTech...

Construction

Évosz Underscores Energy Price, Exchange Rate Exposure

Hungarian building material companies and general contractors priced in the impact of the war in Ukraine and supply issues in...

Industrial

New Development Underway in Sóskút Industrial Park

A 1,500 sqm real estate development is underway in the Sóskúti Ipari Park (Sóskút Industrial Park) located next to the...

Construction

Construction Output Volume up 3% y.o.y. in July

The volume of construction output in July 2022 surpassed the previous year’s level by 3%, according to raw data published...

Transport

Ryanair Cancels Several Routes Through Hungary

Budget airline Ryanair announced yesterday that it would cancel several routes through Hungary and cut flights on several more following...

HR

Albanian Unemployment Rate Edges Down

Albania's jobless rate was 11.1% in the second quarter of 2022, down from 11.6% registered in the prior-year period, the...

HR

New Employees Need 6 Months to Adjust

Every third employee needs more than six months before they can become comfortable in their new position, according to BonsaiX's...

Logistics

Borsodi Completes new Logistics Hall

Borsodi Brewery has completed a new logistics hall worth nearly HUF 1 billion, allowing the company to optimize its logistics...

Fintech

Hungarians Wish to be Rewarded for Sustainable Shopping

A new Visa commissioned research covering attitudes of Hungarians towards sustainability, CSR, and associated consumer habits revealed that initiatives rewarding...

HR

Employers Apply for HUF 3 bln in Job Placement Subs

Hungarian employers have applied for around HUF 3 billion in subsidies to support close to 3,500 hires since the launch...

Deals

Codecool to Merge With Polish Peer

Hungarian coding school Codecool said on Tuesday that it is merging its business with its Polish peer Software Development Academy...

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...

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...