Business

Office Market

Egon Zehnder Knowledge Center moves to Park Atrium

Egon Zehnder’s Knowledge Center has chosen Park Atrium as its new Hungarian office space, according to a press release sent...

HR

Number of Asians increase by 80% in the Polish labor market

In 2021, over 114,500 work permits for citizens of Asian countries were issued, according to the data of the Polish...

Automotive

ZalaZONE control center completed for HUF 350 mln

The control center of the ZalaZONE Automotive Test Track in Zalaegerszeg (215 km southwest of Budapest) has been completed with...

Manufacturing

Latvia industrial output jumps in December

Industrial production growth in Latvia jumped to 7.1% year-on-year in December, from the downwardly revised 1.0% in the previous month,...

Deals

Hungary bids to supply Slovakia with Lynx IFVs

Hungary has made a bid to supply Slovakia with Lynx tracked infantry fighting vehicles (IFVs) that Germany's Rheinmetall will make...

Retail

Nearly 75% made online purchases in past year

Around 74% of internet users in Hungary made purchases online in the 12 months prior to a survey conducted in...

Sustainability

ESG Criteria Central to Investment Strategies

As evidenced by recent Budapest and CEE commercial office transactions, ESG investing (the integration of environmental, social and governance factors...

Pharma

New Incubator House in Szeged Hosts Cutting-edge Research Center

Science Park Szeged has been selected as the home of the Hungarian Center of Excellence in Molecular Medicine (HCEMM), which...

Office Market

Europa Capital Buys Akadémia Business Center

The pan-European real estate investment manager Europa Capital has acquired the 12,500 sqm Akadémia Business Center, located on the Pest...

Manufacturing

Industrial production up 3.6% y.o.y. in December

In December 2021, the volume of industrial production grew by 5.8% year-on-year based on raw data and by 3.6% based...

Manufacturing

Kartonpack shares to be delisted

Shares of packaging company Kartonpack will be delisted from the Budapest Stock Exchange as of February 11, 2022, a resolution...

Retail

Tesco management, unions agree on 10% pay rise

The management of the local unit of UK supermarket chain Tesco has agreed with unions on an average 10% rise...

Manufacturing

Estonia industrial production increases in December

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

Innovation

LogMeIn rebranding as GoTo

LogMeIn, a tech company that offers a range of cloud-based connectivity services with headquarters in Boston and roots in Budapest,...

Retail

Sales of retail shops grew by 6.2% y.o.y. in December

In December 2021, the volume of sales in retail trade increased by 6.7% according to raw data and by 6.2%...

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...

Older Small Cars Rise in Price as Hungary’s Budget Used-Car Supply Shrinks

Suzuki Swift asking prices rose 25.8% year-on-year in September as the share of used cars below HUF 2.5 mln shrank,...

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...