Business

Automotive

Hungary set to triple EV battery capacity by 2025

Hungary aims to raise local electric vehicle battery production capacity from 50 GWh to 150 GWh by 2025, Minister of...

Manufacturing

Continest raises HUF 2.4 bln in capital

Continest Technologies has received a total of HUF 2.4 billion in capital investment from three domestic venture capital fund managers...

Retail

Stop Shop portfolio reaches 100% occupancy in Hungary

Immofinanz, one of the largest real estate investors in the region, has just leased the last free unit in its...

Telco

MTel acquires HUF 14.6 bln of shares at buyback auction

Magyar Telekom (MTel) accepted offers for HUF 14.6 bln of its shares, the maximum announced amount, at a buyback auction...

Transport

Wizz Air to set up new airline in Malta

Discount airline Wizz Air announced that based on the "Arrangement on Reallocation of Responsibility" document signed this week between the...

HR

Local labor markets ready to recruit after Tungsram layoffs

Employers in Kisvárda or the surrounding area could employ "more than half" of the workers Hungarian lighting maker Tungsram will...

Construction

Building modification contract guidelines amended

Hungary's Public Procurement Council has amended guidelines for modifying contracts that establish a legal framework for sharing the burden of...

Office Market

S Immo Hungary renovates lobby of Budapest HQ

Real estate investment company S Immo Hungary has decided to renovate the lobby of its Budapest HQ in the City...

Innovation

Huawei launches scholarship program at Óbuda U

Chinese-owned Huawei Technologies Hungary on Monday announced the launch of a scholarship program to support research projects in solar energy...

HR

Number of sole proprietorships rises to 608,000

The number of sole proprietors has already increased to more than 608,000, according to hrportal.hu....

Residential

Housing market turnover, prices up consistently last year

The Hungarian housing market was characterized by an annual increase in turnover and a persistent rise in house prices in...

Deals

Rheinmetall, 4iG, HM El to set up joint venture in Hungary

Rheinmetall (51%), 4iG (39%), and HM EI (10%) have signed a preliminary agreement to establish a joint venture, aiming to...

Transport

Budapest Airport registers almost 1 mln passengers in April

Ferenc Liszt International Airport registered a total of 997,454 passengers in April, the highest number in the 25 months since...

Telco

Vantage Towers, Elektromotive Hungaria partner on EV charging stations

Vantage Towers Magyarország, the network infrastructure business of Vodafone Magyarország, is partnering with Elektromotive Hungary to install electric vehicle charging...

Science

National laboratory for data-driven health established

Data can save lives, so there is a need for cleaner, more structured, more accessible data, which is why the...

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,...