Business

Transport

Budapest Airport passenger traffic surpasses 1 mln in May

Ferenc Liszt International Airport reached its highest passenger volume in two years in May, with passenger traffic exceeding 1 million...

Retail

Bulgaria retail trade growth slows in April

Bulgaria's retail sales advanced 5.7% year-on-year in April, easing from a 9.6% rise in the previous month, figures from the...

Residential

Treasury receives 3,000 home renovation applications per week

From the start of the program until the end of May this year, the Hungarian State Treasury (MÁK) has received...

Manufacturing

Rheinmetall-Hungary JV could inaugurate Lynx plant in weeks

A joint venture between German defense industry company Rheinmetall and the state of Hungary could inaugurate a plant that will...

HR

About 30% of Hungarian companies plan new hires

Around 30% of Hungarian companies plan to raise headcount in the coming quarter, state news wire MTI reports citing a...

HR

Pandemic drastically affected labor market

Currently, there is almost full employment in Hungary, with an unemployment rate of only 3.5%, which means that 4.7 million...

Manufacturing

Slovakia industrial output shrinks in April

Slovakia's industrial production shrank by 9.6% from a year earlier in April, following a revised 7.2% fall in the previous...

Inside View

Low-tax company formation in Hungary

Hungary is an emerging low-tax jurisdiction. The corporate tax rate is just 9%, whilst holding type income is not subject...

Transport

Passenger transport volume rebounds in Q1

First-quarter passenger transport volume in Hungary rose 69% year-on-year to 4.9 billion passenger-kilometers, but was still 27% under the volume...

Retail

One of Buda’s most popular farmers’ markets goes digital

Czakó Farmer's Market and Mastercard are working together to enable customers to pay electronically at all stalls, whether by instant...

Pharma

COVID vaccination days at hospitals on Fridays only

Due to the retreat of the pandemic and the high vaccination rate, there will be vaccination days at hospital checkpoints...

Automotive

Annual compulsory vehicle insurance premiums down 0.4%

Hungarian motorists' annual compulsory vehicle insurance premiums inched down 0.4% year-on-year in the first quarter on a steep drop in...

Residential

7.8% ‘certain’ to use home renovation subsidies by yearend

A survey by economic research institute GKI and building materials maker Masterplast shows 7.8% of Hungarian households are "certain" to...

Innovation

Digital Turnaround Needed in SME Sector

The majority of small- and medium-sized enterprises, including nearly two-thirds of mid-sized companies, say they need to take more decisive...

Deals

Pannonia Bio Says it Continues to Invest in Biorefinery Future

Despite a challenging year, the owner of Europe’s largest biorefinery says it is continuing transformative investments into food chain resilience...

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...