Business

Manufacturing

Nestlé sets up Southern-Eastern Europe market division

Swiss-based food and drink group Nestlé is creating a new regional division that will merge its operations on the market...

Retail

Bulgaria retail sales rise in November

Bulgaria's retail sales at constant prices grew by 6.7% year-on-year in November, after adding an annual 7.6% in the previous...

Automotive

Audi Hungaria makes fewer engines, more vehicles in 2021

Engine output of the local unit of German carmaker Audi fell in 2021 while the plant's vehicle output increased, the...

Innovation

Hungarian businesses rank low in digitalization

Hungary ranks 23rd out of the 27 member states of the European Union according to the 2021 indicator measuring the...

Innovation

Army partners with uni, vocational school on gun development

The Hungarian Army's Modernization Institute on Tuesday signed a cooperation agreement with John von Neumann University and the Diana weapons...

Manufacturing

Industrial production increases in November

In November 2021, the volume of industrial production grew by 2.6% compared to the same month of 2020, according to...

Retail

Romania retail sales rise in November 

Retail sales in Romania rose by 5.5% in November compared to the same month in the previous year, after a...

Manufacturing

Czech industrial production rises in November

The Czech Republic's industrial production rose a working-day adjusted 1.6% year-on-year in November, after a 4.9% decline in October, figures...

Transport

Wizz Air among top 10 safest low-cost airlines

Discount airline Wizz Air has again been ranked among the top 10 safest low-cost airlines in AirlineRatings' 2022 safety ranking,...

Innovation

Romanian gov’t calls for innovative projects in microelectronics

Romania's Ministry of Economy will launch a series of calls for innovative projects in microelectronics, with a view of allotting...

Retail

Retail sales up 3.8% y.o.y. in November

In November 2021, the volume of retail trade in both raw and calendar-adjusted data was 3.8% higher than in the...

Deals

MOL to acquire Lotos petrol stations in Poland

Hungarian oil and gas company MOL will acquire the Lotos petrol stations in Poland, news agency MTI writes, citing a...

Automotive

Toyota adjusted new car market share over 13% in Hungary

Japanese carmaker Toyota sold 13,979 new passenger cars in Hungary last year, excluding vehicles that were re-exported, making it market...

Pharma

Hungary receives Sputnik Light vaccines for testing

Hungary has received 80 doses of Russia's Sputnik Light COVID-19 vaccine so that the country's National Public Health Center (NNK)...

Innovation

Postal cheque payment app usage grows 40%

A mobile application that can be used to scan and pay postal cheques was used around 40% more last year...

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...