Business

Manufacturing

Schott to spend HUF 28 bln on Lukácsháza base expansion

The Hungarian unit of German company Schott, which makes specialty glass products, plans to spend HUF 28 billion to expand...

HR

Hungary had fastest employment growth in EU

The number of employed in Hungary increased by 1.2% from the third quarter of last year to the fourth, which...

Automotive

Mercedes-Benz cuts shift in Hungary as deliveries from Ukraine stop

German carmaker Mercedes-Benz is reducing the number of shifts in some areas of its plant in Kecskemét from three to...

Transport

Volánbusz acquires 164 CNG buses for HUF 15 bln

Volánbusz will put 164 compressed natural gas-fueled buses, acquired at a cost of HUF 15 billion, into service this year,...

Interview

Market Talk: ‘Radically Different’ tax System Making Good Digital Progress

Károly Radnai, the managing partner of Andersen in Hungary, and András Szalai, CEO and managing partner of Process Solutions, are...

Pharma

Richter board proposes HUF 225-per-share dividend

The board of pharmaceutical company Gedeon Richter will propose to shareholders payment of a HUF 225-per-share dividend on last year's...

Transport

Shell introduces HUF 25,000 top-up limit at 106 gas stations

Shell Hungary has introduced a HUF 25,000 top-up limit at 106 gas stations with low-pressure pumps in Hungary, according to...

Transport

Freight volume climbs almost 8% in Q4

Freight volume in Hungary rose 7.8% year-on-year to 75.8 million tonnes in the fourth quarter, state news wire MTI reports,...

Retail

Croatia retail trade growth slows in January

Croatia's retail sales volume rose by 2.0% year-on-year in real terms in January, following a revised 8.5% growth in December,...

Sustainability

Real estate owners turn to tech to achieve sustainability

Reducing carbon emissions is now a top priority for real estate owners since numerous investors have committed to reaching net-zero...

HR

Employment rate among women at 67%

The employment rate among women in Hungary stands at 67%, just under the 68% average for the whole European Union,...

Office Market

Colliers discontinues operations in Russia, Belarus

Canada-based diversified professional services and investment management company Colliers decided to discontinue its operations in Russia and Belarus, according to...

Manufacturing

Nitrogénművek suspends ammonia production

Nitrogénművék, Hungary's only producer of artificial fertilizer, on Wednesday said it is temporarily suspending production of ammonia because of higher...

Residential

Futureal-Cordia-HelloParks Group helping Ukrainian refugees with HUF 300 mln, shelter

The Futureal-Cordia-HelloParks Group will donate HUF 300 mln in addition to the amount raised by its employees to support humanitarian...

Manufacturing

Latvia industrial output growth eases in January

Industrial production growth in Latvia slowed to 5.9% year-on-year in January, from 7.1% in the previous month, figures from the...

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...