Business

Competition

TrashUp wins Hungarian round of Cassini Hackathon

TrashUp, the winner of the Hungarian round of the Cassini Hackathon, came up with a solution that encourages travelers to...

Retail

Romanian retail sales slow in April

Retail sales in Romania grew by 3.7% year-on-year in April, slowing from an upwardly revised 5.6% gain a month earlier,...

Manufacturing

Latvia industrial production grows in April

Latvia's industrial production expanded at the start of the second quarter, driven by strong growth in manufacturing output, data from...

Automotive

Gloster wins EUR 700,000 Audi contract

Listed Hungarian IT company Gloster on Tuesday said it won a EUR 700,000 software development contract from German car maker...

Residential

Residential property market picks up steam in May

After a relatively quiet April, activity on the Hungarian real estate market increased in May, according to estimates by Duna...

Telco

Magyar Telekom expects windfall tax to cost it HUF 25 bln

Magyar Telekom on Sunday said it expects a "supplementary" telecommunications sector tax to cost it about HUF 25 billion in...

Appointments

New general manager at Matild Palace

Selim Ölmez, the hotel manager of Matild Palace, has been appointed to the role of general manager taking over from...

HR

Allianz Hungária wins DUIHK’s ‘Most Trusted Employer’ title

Allianz Hungária Zrt. won Most Trusted Employer at the general meeting of the German-Hungarian Chamber of Industry and Commerce (DUIHK)...

Manufacturing

Estonia industrial production growth slows in April

Estonia's industrial production increased at a softer pace in April, led by growth in manufacturing and electricity production amid a...

Pharma

Béres: HUF 20.3 bln in sales last year

According to the summary report of Béres Gyógyszergyár Zrt., in 2021, the company achieved a net sales revenue of HUF...

Innovation

More Hungarians seeking private healthcare

According to a recent Hungarian study, the expertise, the person of the doctor, and available free time are the three...

Automotive

Second-hand is the New New

In the beginning, it was the microchip shortage disrupting supply chains. Now it is the war in Ukraine. The result...

Automotive

Rába Posts HUF 570 mln Loss in Q1, Pays no Dividend on 2021 Earnings

Hungary’s majority state-owned listed manufacturer Rába Automotive Group (Rába Járműipari Holding Nyrt.) posted a loss of HUF 570 million after...

Automotive

Vodafone’s Vantage Towers to Install EV Chargers Across Hungary

Vantage Towers Hungary Zrt., in cooperation with Elektromotive Hungaria Kft., will install around 60 electric charging stations at 38 base...

Automotive

Market Talk: Skids Underneath Automotive Sector Slow Manufacturing Output

COVID and the shortage of microchips, the war in Ukraine, and sputtering supply chains have held back Hungary’s automotive industry,...

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...