Business

Construction

Over 1/5 of homeowners plan renovations

Around 22% of Hungarian homes could undergo renovation in the coming year, state news wire MTI reports, citing a representative...

Science

OTP inaugurates AI supercomputer module

OTP Bank on Monday inaugurated the first independent module of a HUF 7.3bn supercomputer that will use artificial intelligence to...

Fintech

Global fintech Ebury opens an office in Silesia, Poland

Ebury, a global financial institution serving tens of thousands of exporters and importers worldwide, opens a regional office in Silesia,...

Logistics

Wing buys Airport City Logistics Park

Wing has bought Airport City Logistics Park located in the neighborhood of Budapest Ferenc Liszt International Airport, adding about 44,000...

HR

7 in 10 companies planning wage raise

Some seven out of 10 companies raised their salaries in 2021, and the proportion of companies looking to do so...

HR

Teachers hold 2 hour token strike

The two major teachers' unions in Hungary went on a two-hour strike on Monday morning, demanding a pay rise, a...

Manufacturing

Bosnia industrial output up 10.7% in 2021

Bosnia and Herzegovina's industrial production increased by 10.7% last year, after a decline by 6.2% in 2020, data from the...

Telco

Almost all Hungarians below 40 use internet

Nearly 100% of those between the ages of 15 and 40 are online, but few are over 75, according to...

Deals

4iG scraps TeleGroup stake acquisition term sheet 

Listed Hungarian IT company 4iG on Friday said a preliminary, non-binding agreement it signed in September to acquire 70% stakes...

Pharma

Semmelweis Uni partnering with AstraZeneca

Semmelweis University, Hungary's top medical school, and the Hungarian unit of AstraZeneca signed a strategic partnership agreement, the British-Swedish pharmaceutical...

Construction

Real Estate Year Ahead: Office and Industrial to Remain the Sectors of Choice

The industrial sector is expected to continue to return buoyant demand and supply indicators, with non-specialist industrial developers having moved...

Telco

32% of discarded mobile phones still usable – NMHH

Survey data shows that 32% of mobile phones are discarded by their users, while switching to a new one due...

Appointments

Gábor Király named managing officer of Dentons Budapest

Gábor Király has been elected as the new country managing officer of Dentons’ Budapest office, according to a press release...

Logistics

Lidl inaugurates HUF 36 bln logistics base near Budapest

German-owned discount supermarket chain operator Lidl Magyarország inaugurated a HUF 36 billion logistics base in Ecser, to serve its stores...

Retail

Toy seller Regio Játék’s sales climb over HUF 16 bln in 2021

Sales of Hungarian toy seller Regio Játék rose 14% to more than HUF 16 billion last year, the company said...

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...