Business

Deals

Hungary to acquire ammunition from Rheinmetall

The Hungarian Defense Forces will buy a broad range of ammunition from Germany's Rheinmetall group, the government commissioner for defense...

Sustainability

HUF 77 bln in Green Home Program loans disbursed in Feb

Banks had concluded 2,519 loan transactions worth HUF 77 billion in the National Bank of Hungary's Green Home Program by...

Sustainability

CPI Hungary, Energo Hungary join forces for Earth Hour

Earth Hour, initiated by WWF, was joined by Budapest real estate portfolio owner CPI Hungary and new user-focused energy market...

Automotive

Kravtex-Kühne inaugurates HUF 2 bln expansion 

Hungary's Kravtex-Kühne group inaugurated a HUF 2 billion expansion at its bus plant in Mosonmagyaróvár (160 km northwest of Budapest),...

Manufacturing

Rheinmetall inaugurates Lynx IFV factory in Zalaegerszeg

German defense industry company Rheinmetall and the state of Hungary on Saturday inaugurated a factory building where production of Lynx...

Transport

Gebrüder Weiss Hungary turnover climbs 20% in 2021

Revenue of the local unit of Austrian logistics company Gebrüder Weiss rose 20% to HUF 28.7 billion last year, the...

HR

Unemployment rate at 3.8% in February

In February 2022, the number of unemployed was 185,000 and the unemployment rate was 3.8%, according to data released by...

Transport

Wizz Air launches new flights from Hévíz and Debrecen

Discount airline Wizz Air announced the addition of three new flights from Hungary to its portfolio from June 2022....

Transport

Volánbusz fleet adding 164 new CNG buses

A total of 164 new compressed natural gas (CNG) buses will expand the Volánbusz fleet this year, 39 of which...

Retail

Online retail sales up 32% last year

Online retail sales in Hungary increased 32% to HUF 1.203 trillion last year, according to research by GKI Digital and...

HR

Number of jobseekers down by 800 in March

The number of registered jobseekers in Hungary reached 251,297 in March, 811 fewer than in the previous month, state news...

Deals

Hungary closes acquisition of 45% stake in VIG-Aegon tie-up

The state of Hungary has closed the acquisition of a 45% stake in the local businesses of Vienna Insurance Group...

Telco

Free to do Business in Hungary, Huawei Looks for More Speed, Less Energy

During the administration of U.S. President Donald Trump, Chinese technology companies were regarded as a risk potential to Western economies;...

Interview

‘China’s Market is Huge: Whenever They Want Something, They Want a lot of It’

Csaba Wolf is vice-president of ChinaCham, the Hungarian-Chinese Chamber of Economy. He studied at the International Politics faculty, Beijing University...

Manufacturing

Moldova industrial output quickens on year in January

Industrial production in Moldova advanced by 13.7% year-on-year in January, following an 11.4% increase in the previous month, economic portal...

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...