Business

Appointments

AI is Already Here: People, Businesses Must Learn to use It

In 2022, the question for the C-Suite is no longer whether it should use artificial intelligence to compete successfully but...

Logistics

E-retailer to Build 1 of Hungary’s Largest Automated Logistics Centers

Retailer eMAG-Extreme Digital will soon serve its customers from a near-117,000 square meters automated logistics center. The HUF 35 billion...

Office Market

Szervita Square wins World Gold FABCI Prix d’Excellence Awards

The Szervita Square Building by Horizon Development has won two World Gold FABCI Prix d’Excellence Awards. The international titles for...

HR

Summer Work, Pensioner Jobs, Disappearing Teachers and a Lack of Innovation

The government faces budgetary holes while workplace vacancies continue to rise. Employees, already burdened with inflation, are reluctant to ask...

Office Market

B+N Referencia Zrt. leases top floor of Árpád Center

B+N Referencia Zrt., a leading facility management company in Hungary, has rented 600 sqm office premises at Árpád Center, operated...

Retail

Romanian retail sales ease in May

Romania's retail sales increased by an adjusted 6.2% year-on-year in May, after an upwardly revised 6.6% gain a month earlier,...

Telco

Hungary extends, raises handset replacement subsidies

Hungary's National Media and Infocommunications Authority (NMHH) on Thursday said it will extend a subsidies program for the replacement of...

Retail

Families spend HUF 2,000-6,000 on beach toys

During the summer season, Hungarian families spend an average of HUF 2,000-6,000 on beach toys, according to a recent online...

Manufacturing

Industrial production increased up in May

In May 2022, the volume of industrial production in Hungary grew by 9.4% year-on-year, according to data published by the...

HR

More than 270,000 Ukrainian refugees found jobs in Poland

More than 270,000 refugees from Ukraine started working in Poland on the basis of new, simplified regulations, the Ministry of...

Office Market

PSI CRO to move to Park Atrium Office Building

Global clinical research organization PSI CRO (standing for contract research organization) will set up its new office on the fifth...

Fintech

Smart device payments increase threefold

The number of people paying with smart devices was more than 100,000, almost three times the number a year earlier,...

Innovation

Final module of OTP AI supercomputer arrives

OTP Bank has taken delivery of the final module of a HUF 7.3 billion supercomputer that will use artificial intelligence...

Retail

Retail sales up 11.1% y.o.y. in May

In May 2022, the volume of sales in retail trade in Hungary increased by 12% according to raw data and...

Retail

Hungarians most cost sensitive in region

A regional survey including Hungary was commissioned by Publicis Groupe on how people's consumption habits are changing as a result...

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....

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...

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...

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...

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....

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,...