Business

Manufacturing

Estonia industrial production rises in May

Estonia's industrial production increased in May underpinned by growth in electricity and mining output, data from Tallinn-based Statistics Estonia (SE)...

Appointments

Change of management at Nestlé’s 2 Hungarian factories

Lidia Wrońska takes over the management of Nestlé Hungária’s factories in Diósgyőr (186 km northeast of Budapest by road) and...

Transport

Hungary participates in railway working group meeting in Istanbul

The inaugural meeting of a working group established by Turkey to utilize better rail cargo connections with Bulgaria, Serbia and...

Office Market

E.ON to be 1st exclusive office tenant at BakerStreet

E.ON Hungária Zrt., the Hungarian unit of the E.ON Group has decided to move its Budapest site to BakerStreet, developed...

Competition

House of the Year candidates open for public vote

The House of the Year competition has opened to public votes for the best building in two categories: family houses...

Residential

Industry insiders press for extension of home renovation subs

Construction industry association ÉVOSZ on Tuesday called for an extension of government home renovation subsidies that are set to expire...

Appointments

Baker McKenzie’s Budapest office names Fehérváry managing partner

Ákos Fehérváry took over as the managing partner of global law firm Baker McKenzie's Budapest office on July 1, replacing...

Automotive

Volvo Cars to establish EV plant in Slovakia

Volvo has decided to invest around EUR 1.2 billion to establish a third electric vehicle (EV) manufacturing plant in Europe...

Appointments

AutoWallis’ shareholders elect new supervisory board member

AutoWallis held an extraordinary general meeting on July 1 where shareholders elected Petra Birkás as Supervisory Board member and decided...

Retail

GVH fines Casio wholesaler HUF 325 mln for illegal price-fixing

Hungary's competition office GVH fined the Hungarian distributor of Casio watches and keyboard instruments and its Czech parent company for...

Manufacturing

Czech manufacturing sector contracts in June

Czech manufacturing activity deteriorated for the first time in almost two years in June, driven by a renewed contraction in...

Manufacturing

3,000 employers pledge to hire 14,000 students

Around 3,000 employers have signaled they would employ 14,000 students as part of a state-supported program that places students in...

Podcasts

MNB and Budapest Institute of Banking executive director Gergely Fábián talks about Hungary’s new interactive and engaging Money Museum

Executive Director at the Hungarian National Bank and of the Budapest Institute of Banking Gergely Fábián discusses Hungary’s brand new...

Retail

Croatia retail sales slow in May

Croatia's retail sales volume rose by 4.3% on the year in real terms in May, following an increase of 5.7%...

Deals

Waberer’s minority stakeholders announce buyout offer

Minority stakeholders in listed Hungarian hauler Waberer's International will make a buyout offer for outstanding shares in the company at...

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...