Business

HR

Unemployment rate at 4.2% in January

In January 2022, the number of unemployed was 201,000 and the unemployment rate was 4.2%, according to data released by...

Pharma

Competition Office launches probe of COVID rapid tests

Hungary's Competition Office (GVH) on Friday announced a probe of the local market for COVID antigen rapid diagnostic tests on...

HR

Poland jobless rate rises in January

Poland's jobless rate increased marginally in January, figures from the Warsaw-based Central Statistical Office (GUS) showed on Wednesday....

HR

Magyar Posta reaches wage raise deal 

The management and unions of state-owned postal company Magyar Posta reached an agreement on a further wage increase for 2022,...

Retail

Lidl creates 1,200 jobs over past year

To ensure the maximum food supply of Hungarian households and to support the competitiveness of the domestic economy, Lidl Hungary...

Telco

Data drives mobile market growth – MTel deputy CEO

Data drove the increase in the mobile market last year, Magyar Telekom (MTel) deputy CEO Melinda Szabó said on Thursday,...

Construction

Housing construction down 29% in 2021

In 2021, a total of 19,898 new dwellings were built in Hungary, about 29% fewer than in 2020, according to...

Construction

Masterplast earnings climb on construction industry upswing

Fourth-quarter net income of listed Hungarian building materials maker Masterplast rose 16% year-on-year to EUR 1.808 million boosted by strong...

HR

Shared service centers – New workforce ready to learn

In September, a new online knowledge-sharing program named KeyStone, specific to the business services sector (BSS), was launched. Targeting university...

Construction

BuildEXT targets 40% revenue rise this year

BuildEXT, a Hungarian architecture and project management company specialized in building information modeling (BIM), yesterday said it targets a 40%...

Telco

MTel earnings climb on improved cost-efficiency

Net income of Magyar Telekom rose 39% to HUF 59 bln in 2021, supported by lower payroll costs and a...

Interview

Advice for heart conditions

Cardiovascular diseases account for about 50-60 percent of all deaths in Hungary, with most caused by atherosclerosis. If the coronary...

Automotive

Falling new car sales challenging the leasing market

Domestic new car sales have been steadily declining since H2 2021, mainly due to the recent global chip shortage. The...

Office Market

Graphisoft Park earnings climb 9% in 2021

After-tax profit of Graphisoft Park, which owns and operates a business park in the north of Budapest, rose 9% to...

Deals

4iG, state agree to conclude Antenna Hungária deal

Listed IT company 4iG on Tuesday said it agreed to conclude the implementation of an agreement on the acquisition of...

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...