Business

Transport

Wizz Air passenger numbers climb over 30% in 2021

Wizz Air's passenger numbers rose 30.3% to 21,722,799 in 2021, the low-fare Hungarian airline said on Tuesday, according to a...

Residential

Home sales edge over 150,000 in 2021

Home sales in Hungary came to 150,974 last year, state news wire MTI reports, citing an estimate of transactions by...

Telco

4iG acquires Digi

Listed IT company 4iG on Monday said it acquired 100% of telecommunications company Digi, according to a report by state...

Automotive

Suzuki leads domestic new passenger car market in 2021

With 17,650 passenger cars registered, Suzuki reached a 14.48% market share on the domestic new passenger car market in 2021,...

Retail

Aldi Magyarország raises wages by 8% across the board

The local unit of German discount chain Aldi has raised wages for its staff by 8% from January 1, Aldi...

Residential

Homeownership rate in Hungary among highest in EU

In 2020, some 91% of Hungarians lived in a household that owned their home, according to data by statistical agency...

Inside View

Impact of ESG Aspects on M&A Activities

“ESG” means using Environmental, Social and Governance factors to evaluate companies on how far advanced they are with sustainability. Recently,...

Deals

Croatia hits pause on INA buyout

Croatia's government has decided to suspend efforts to buy out Hungarian oil and gas company MOL's stake in Croatian peer...

Office Market

Hansainvest Real Assets acquires Skanska’s 1st skyscraper in CEE

Hansainvest Real Assets has acquired Generation Park Y, the last building of the Generation Park office complex in Warsaw, according...

Residential

Quarter of homebuyers bought their 1st home in 2021

While the share of first-time homebuyers has increased significantly since 2018, thanks to various home-buying incentives, this year the upward...

HR

Number of jobseekers falls to 238,700 in December

The number of registered jobseekers in Hungary fell to 238,700 in December, state secretary Tamás Schanda said on Tuesday, according...

Telco

Christmas data traffic on Telenor’s network up 15% y.o.y.

Christmas data traffic on Telenor's network in Hungary exceeded last year's level by some 15%, according to a press release...

Retail

Hungary to expand use of SZÉP voucher cards

The government will expand the use of the national SZÉP recreational voucher cards to food purchases from February, Prime Minister...

Manufacturing

Schneider Electric expands regional procurement center in Budapest

Schneider Electric is expanding its regional procurement center in Budapest, which has been operating since 2017, and the number of...

Telco

4iG to offer HUF 85 bln of BGS bond tap issuance

Listed IT company 4iG said it will offer HUF 85 billion of tap issuance of a 10-year bond issued in...

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...