Business

Transport

Tungsram sets up aircraft engine parts repair unit

Hungarian lighting company Tungsram on Tuesday announced the establishment of a unit to repair aircraft engine parts, according to a...

Residential

Apartment price rise in Budapest since 2013 the fastest in CEE

The price per square meter of newly-built apartments in Budapest has doubled since 2013, meaning that the capital recorded the...

Science

More Omicron cases detected in Hungary

A total of 15 cases of the Omicron variant of the coronavirus have been detected by Hungary's National Public Health...

Manufacturing

Ganz makes transformers for Acciona Energía’s renewable project

Domestically owned Ganz Transformers and Electric Rotating Machines Ltd. has successfully participated in another significant international tender, manufacturing two 50...

Transport

Budapest Airport signs EUR 325 mln green financing deal

Budapest Airport Zrt. has concluded its first ESG-based financing agreement, i.e. one that is responsible from an environmental, social, and...

Sustainability

Immofinanz to reach emission-free status by 2040

Commercial real estate company Immofinanz is looking to become emission-free along its entire value chain by 2040, according to goals...

Interview

OTP global markets going from strength to strength

In 2020, OTP Bank adopted a new approach to its regional strategy when it integrated its investment, markets (formerly treasury),...

Inside View

Ups and downs with the global economy

2021 has been an extraordinary year, but lawyers, working from their offices or home, hybrid, have been busy, despite or...

Retail

Porsche Hungaria sells 29,000 vehicles in 2021

Vehicle importer Porsche Hungaria Kereskedelmi, a member of the Volkswagen group, sold 29,000 vehicles in 2021, CEO Balázs Németh said...

Retail

Euronics Stockpiling Early for Christmas

Christmas this year may be merrier than 12 months ago when many were separated from their families due to the...

Retail

Black Friday Sales: Better Than Expected, but Barely

While the odds may have been (mainly) against retailers, sales were not so bad during Black Friday. But prolonged high...

Residential

Average home sale price in Hungary up 10%

Homes were sold for an average of HUF 31 million in Hungary in 2021, up almost 10% from a year...

Telco

Vantage Towers, Signify sign cooperation deal

Vantage Towers, a company spun off from Vodafone last year and has since become one of Europe's leading tower companies,...

Deals

Netrisk to acquire Austria’s durchblicker

Hungarian insurance broker Netrisk on Friday said it agreed to buy 100% of durchblicker, Austria's leading independent price-comparison portal, according...

Interview

After 30 years in Hungary, Suzuki still looking ahead with optimism

Magyar Suzuki has been one of the most influential investors in Hungary since it made the first significant (HUF 16.3...

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...