Business

Manufacturing

Czech Industrial Output Growth Slows in July

Industrial output in the Czech Republic went up by 0.8% year-on-year in July, following an upwardly revised 2.7% rise in...

Automotive

Halms Building EUR 40 mln EV Parts Plant in Debrecen

Chinese-owned Halms Hungary will build a more than EUR 40 million electric vehicle parts plant in Debrecen (225 km east...

Automotive

GVH Clears AutoWallis, Partner’s Acquisition of Renault Hungária

The Hungarian Competition Authority (GVH) has consented to AutoWallis Caetano Holding Zrt., founded by the AutoWallis Group and its Portuguese...

Manufacturing

Industrial Production Grew 6.6% y.o.y. in July

The volume of industrial production grew in July 2022 by 6.6.% year-on-year, according to working-day adjusted data published by the...

Science

Hungary Registers 10,300 COVID Cases, 76 Deaths in a Week

The number of confirmed cases of the novel coronavirus in Hungary has risen by 10,300, while 76 deaths from COVID-19...

Manufacturing

Schneider Electric Building Smart Factory in Dunavecse

Schneider Electric is building a smart production plant in Dunavecse (65 km south of Budapest), with production expected to start...

Retail

Romanian Retail Sales Growth Eases in July

Retail sales in Romania rose by 3.4% year-on-year in July, slowing from a marginally revised 4.3% gain a month earlier,...

Manufacturing

Latvia Industrial Production Declines in July

Latvia's industrial production decreased 2.9% year-on-year in July compared to the 0.7% advance in the previous month, data from the...

Construction

Masterplast Decides on Cheaper, Faster Production Investment in Italy

Listed Hungarian building materials company Masterplast on Tuesday said its majority-owned Italian joint venture decided to launch production of insulation...

Deals

Skanska Enters Long-Term Partnership With DBH Group

Skanska has entered a long-term partnership with DBH Group, which is leasing a total of 5,100 sqm office space in...

Telco

Magyar Telekom, Unions Agree on Wage Raise

Magyar Telekom on Monday said it reached an agreement with unions on pay rises and one-off compensation to counter the...

Manufacturing

Estonia Industrial Production Falls in July

Estonia's industrial production decreased in July as mining output and manufacturing logged a decline, data from the Tallinn-based Statistics Estonia...

Automotive

Used Car Imports Fall Under 10,000 in Aug

The number of used cars imported to Hungary dropped 11% year-on-year to 9,701 in August, listings site JoAutok.hu said on...

Manufacturing

Croatia’s Industrial Output up in July

Croatia's industrial output rose 2.9% year-on-year in July, after a 3.8% increase in June, the Zagreb-based Croatian Bureau of Statistics...

Retail

Slovenia’s Retail Sales Rise in July

Slovenia's retail sales increased 25% year-on-year in July, after growing 29.5% in June, the Ljubljana-based Statistics Bureau of Slovenia (SURS)...

Pharma

Rooftop Breakfast Offers Helicopter View of AI’s Impact on Pharma

About 50 guests began their day in the beautiful setting of the Duchess Rooftop Bar of the Matild Palace Hotel...

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,...