Business

Innovation

Hungary Strong in Broadband Connectivity, Lags Behind in Digital Integration

Hungary is a strong performer in the European Union in broadband connectivity but needs to catch up in integrating digital...

Residential

Nearly 20% of Homes Could Undergo Renovation in Coming Year

Close to 20% of Hungarian homes could undergo renovation in the coming year, according to a representative survey of homeowners...

Manufacturing

Estonia Industrial Production Increases in June

Estonia's industrial production rose in June underpinned by growth in electricity and mining output, while manufacturing logged a decline, data...

Residential

Over 43,000 Apply for Home PV, Heating Upgrade Subsidies

More than 43,000 households have applied for over HUF 200 billion in government subsidies to install home solar panels and...

Appointments

Danubius Hotels Appoints Group Director of Development

Andrea Róna became the group director of development at Danubius Hotels on July 1, 2022, according to a press release...

Telco

4iG Gets Clearance to Acquire 20% Stake in Spacecom

Listed Hungarian IT company 4iG on Wednesday said Israel's Ministry of Communication issued preliminary approval for it to acquire a...

Office Market

Futureal Investment Partners Redevelops Wratislavia Tower in Wroclaw

Futureal Investments Partners has announced that it will start the renovation of one of its recently acquired real estate investments...

Pharma

Higher Sales, Financial Gain Lift Richter Earnings

Second-quarter net income of Hungarian pharmaceutical company Gedeon Richter climbed 173% year-on-year to HUF 76.5 billion, lifted by higher sales,...

HR

Decathlon Raising Wages for 3rd Time This Year

Decathlon said it would raise entry-level wages and the salaries of current employees, according to a report by Világgazdaság....

Manufacturing

Poland Manufacturing Activity Deteriorates Sharply in July

Poland's manufacturing sector contracted considerably in July due to a sharp fall in output and new orders as high inflation...

Appointments

New Sales Director Named at Dreher

Csaba Szilágyi took over Dreher's sales director in June 2022, joining from Jacobs Douwe Egberts' headquarters in Amsterdam, according to...

Retail

Croatia Retail Sales Slow Further in June

Croatia's retail sales volume rose by 3.8% year-on-year in real terms in June, following an increase of 4.3% in May,...

Residential

University Town Rents, Real Estate Prices Rise

Both rental and apartment prices in university towns have risen significantly, according to the Takarék Index, an analysis of the...

Manufacturing

Industrial producer prices up 35% y.o.y. in June

Industrial producer prices went up by 35% on average in June 2022 compared to one year earlier, according to data...

Office Market

CPIPG to provide local asset management services to Immofinanz

Following the majority takeover of Immofinanz by CPI Property Group (CPIPG), resulting in the shareholding of about 77%, Immofinanz announced...

Transport

Lake Balaton Cycling Upgrades to Add Wider Paths and New Bridges

Nearly 20 km of the Lake Balaton cycling circuit will be renovated under two programs financed through EU and domestic...

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...