Business

Automotive

Automotives Prepare for Greener Future, Face Serious Supply Issues

The Hungarian automotive sector is undergoing a significant transformation, with more environmentally friendly and sustainable vehicle manufacturing on the rise....

Office Market

DVM group named best int’l architectural visualization company at IPA

DVM group won the award for the best international architectural visualization company at the International Property Awards world competition, according...

Appointments

Colliers names new regional director of capital markets for CEE

Leading diversified professional services and investment management company Colliers has promoted Kevin Turpin to regional director of capital markets in...

Logistics

HelloParks, Erste Bank sign loan deal worth over EUR 80 mln

HelloParks has signed a loan agreement worth more than EUR 80 million with Erste Bank to finance the construction of...

Automotive

Audi Hungaria revenue edges higher in 2021

Revenue of the local unit of German carmaker Audi rose 2.6% to EUR 7.717 billion last year, while its after-tax...

HR

Better pay remains strongest draw for young jobseekers

The strongest reason to look for a new job is poor pay, according to a recent poll conducted by the...

Innovation

EY: Hungarian companies plan to invest HUF 100 mln in 2022

In addition to investment subsidies, several energy efficiency and R&D resources will be available to domestic companies in 2022, EY...

Podcasts

A mindful listener – Marriott Hungary multi-property general manager Arne Klehn discusses the importance of listening in leadership, his rise from front desk agent to general manager and hotel guest superstitions

A Mindful Listener - Marriott Hungary multi property general manager Arne Klehn discussed the importance of listening in leadership, his...

Fintech

Matolcsy backs giving central banks ‘full authority’ to issue CBDCs

National Bank of Hungary (MNB) governor György Matolcsy voiced his support for giving all central banks full authority to issue...

Retail

Czech retail sales growth improves in January

The Czech retail sales grew at a faster pace in January after easing in the previous month, data from the...

Automotive

Automotive manufacturing output up 6.8%

The output of automotive manufacturing, the most significant segment of Hungary's industrial sector, rose 6.8% year-on-year in January, after six...

Transport

Ferenc Liszt Int’l passenger traffic up 1,000% y.o.y. in February

According to traffic figures released by Ferenc Liszt International Airport operator Budapest Airport, some 620,199 passengers used Hungary's largest airport...

Fintech

Value of bank card purchases rises nearly 26% in Q4

The value of purchases in Hungary made with locally-issued bank cards climbed 25.8% year-on-year to HUF 2.719 trillion in the...

Construction

Construction output volume up 3.3% y.o.y. in January

The volume of construction output in January 2022 surpassed the previous year’s level by 3.3% according to raw data released...

Pharma

Richter, AbbVie partner to develop new dopamine receptor modulators

Hungarian pharmaceutical company Gedeon Richter announced a collaboration with U.S. peer AbbVie to develop new dopamine receptor modulators that could...

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...