Business

Retail

Aldi Magyarország raises pay 8%-19%

The local unit of German discount chain Aldi will raise wages by 8-19% from July 1, Aldi Magyarország said on...

Manufacturing

Industrial producer prices up 32.3% y.o.y. in May

Industrial producer prices were 32.3% higher on average in May 2022 compared to one year earlier, according to data published...

Deals

AutoWallis, partner to close acquisition of Renault Hungária this fall

AutoWallis and the Portuguese Salvador Caetano Group expect to close the acquisition of Renault Hungária this fall, later than originally...

Retail

Lithuania retail sales drop in May

Lithuania's retail sales dropped in May, which was the first fall in several months, figures from the Vilnius-based Statistics Lithuania...

Retail

Popularity of ‘alternative’ air cooling equipment on the rise

Every year during the summer heatwave, many people decide to buy air-conditioning units to cool their homes, but according to...

Residential

Fewer homes under construction in Bp, prices still rising

The number of available new-build apartments in the capital has never been so low since the surveys were conducted, analysis...

Manufacturing

Volta completes long-term funding round for 2nd phase of investment in Hungary

On June 10, Volta Energy Solutions Hungary Kft. (Volta), Europe's only ultra-thin battery copper foil manufacturer for electric vehicle (EV)...

Manufacturing

Bosnia’s industrial output, producer prices up in May

Bosnia's industrial production increased by 8.5% year-on-year in May, after an increase of 6.3% in April, the country's Agency for...

Automotive

Sixt opens new technical base next to the airport

Sixt, a member of the AutoWallis Group, has opened its new technical base in Vecsés, near Budapest Ferenc Liszt International...

Innovation

Pécs U winds up HUF 3.4 bln R&D program

The University of Pécs said on Tuesday that it has wound up a five-year HUF 3.38 billion research and development...

Retail

Bosnia’s Serb Republic retail sales up in May

Retail sales in Bosnia's Serb Republic rose by a real 13.3% year-on-year in May, after increasing by 16.1% in April,...

HR

Drivers being sought further afield

Once again, the lack of drivers has become one of the main challenges for the logistics industry, writes novekedes.hu....

Transport

Air China to re-launch Beijing-Budapest flight

Air China will re-launch its direct flights between Beijing and Budapest from July 7, Minister of Foreign Affairs and Trade...

Logistics

EMAG-Extreme Digital to build 117,000 sqm automated logistics center

EMAG-Extreme Digital will soon serve its customers from a new logistics center with a floor area of nearly 117,000 sqm,...

Construction

Polish residential construction up in May

Builders in Poland completed 3.8% more homes in the first five months of this year than in the same period...

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...