Business

Retail

Share of Hungarian foodstuffs edges up to 71.3% at retailers

The share of Hungarian foodstuffs at major retail chain operators edged up to 71.3% last year from 70.5% in 2020,...

Retail

Spar plows over HUF 6.5 bln into store upgrades, addition

Supermarket chain Spar has spent more than HUF 6.5 billion to open a new unit and renovate existing stores in...

Manufacturing

Soaring gas Prices Disrupt Hungarian Fertilizer Manufacturing

Like some other fertilizer manufacturers in Europe, Hungary’s Nitrogénművek has temporarily halted ammonia production and may soon stop fertilizer production...

Manufacturing

77 Elektronika Kft. Launches Continuous Glucose Monitoring System

Diabetics and their physicians will be able to get a more detailed picture of the body’s sugar metabolism thanks to...

Manufacturing

Manufacturing Sector Sees Capacity Expansions in March

The Hungarian manufacturing sector has seen its fair share of recent investments in capacity expansions. These activities indicate a healthy...

Transport

ITM calls HUF 51 bln tender for electric bus procurement

The Ministry of Innovation and Technology (ITM) is calling a HUF 51 billion tender for the procurement of electric buses...

Retail

Romania retail sales growth eases in February

Romania retail sales rose by a working-day adjusted 8.5% year-on-year in February, after a 9.7% increase in January, figures from...

Automotive

Q1 new auto registrations fall 11% y.o.y.

In the first quarter of this year, 28,690 new passenger cars were placed on the market in Hungary, 11% less...

Manufacturing

Estonia industrial production rises in February

Estonia's industrial production rose in February, led by growth in manufacturing, data from Tallinn-based Statistics Estonia (SE) showed on Wednesday....

Appointments

ConvergenCE’s project management team expands

Gábor Zeley, an experienced real estate expert, has joined investor and developer ConvergenCE, according to a press release sent to...

Automotive

AutoWallis, Salvador Caetano to buy Renault Hungária

AutoWallis Plc. is purchasing Renault Hungária Kft. in cooperation with the Portuguese Salvador Caetano Group, thus attaining exclusivity for sales...

Retail

Czech retail sales growth slows in Feb

The Czech retail sales grew at a softer pace in February after accelerating in the previous month, data from the...

Innovation

ELTE purchases quantum computing hardware

World-class quantum hardware has been jointly purchased by two research groups of Eötvös Loránd University for their work in the...

Retail

Retail sales up 9.8% y.o.y. in February

In February 2022, the volume of retail trade in both raw and calendar-adjusted data was 9.8% higher than in the...

Residential

Duna House board proposes HUF 32-per-share dividend

The board of listed real estate broker Duna House will propose payment of a HUF 32-per-share dividend on last year's...

Business

Budapest’s District VI Adopts Outdoor Advertising Ban to Protect Historic Streetscape

Budapest’s District VI council approved a ban on outdoor advertising Thursday in order to protect Terézváros’ historic streetscape and reduce...

Sustainability

Enthusiastic Visionary Optimistic About Sustainable Future

Nándor Kovács jokingly describes himself as a “revolutionary” when it comes to real estate sustainability. Spend just a little time...

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...

Budapest’s District VI Adopts Outdoor Advertising Ban to Protect Historic Streetscape

Budapest’s District VI council approved a ban on outdoor advertising Thursday in order to protect Terézváros’ historic streetscape and reduce...

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...

Enthusiastic Visionary Optimistic About Sustainable Future

Nándor Kovács jokingly describes himself as a “revolutionary” when it comes to real estate sustainability. Spend just a little time...

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...