Business

Automotive

Car ownership climbs in Hungary

There were 78 passenger cars per 100 households in Hungary last year, up from 54 a decade earlier, consumer durables...

Sustainability

Lenders report strong demand for Green Home Program credit

Hungary's biggest lenders have said demand for credit available in the framework of the Green Home Program of the National...

Transport

Budapest Airport passenger numbers up 1,035% y.o.y. in Oct

A total of 712,910 passengers passed through Ferenc Liszt International Airport in October 2021, up nearly 1,035% year-on-year, according to...

Automotive

AutoWallis considering more acquisitions before yearend

Listed car seller AutoWallis could disclose more acquisition news before the end of the year, CEO Gábor Ormosy said in...

Deals

Albania’s EU-harmonized annual inflation slightly slows in October

Albania's annual harmonized index of consumer prices (HICP) rose by 2.5% in October, after advancing by 2.6% in September, the...

Deals

Antenna Hungaria completes acquisition of MVM NET

State-owned terrestrial digital broadcaster Antenna Hungaria has completed its acquisition of telecommunication service provider MVM NET from state-owned energy company...

Science

Szijjártó outlines space strategy at ESA ministerial meeting

Minister of Foreign Affairs and Trade Péter Szijjártó reported on the government's first, 10-year national space strategy at a European...

Transport

Alstom to supply European plants with bogies from Hungary

French rolling stock manufacturer Alstom plans to supply most of its plants in Europe with bogies made in Hungary in...

Construction

Hungary’s construction output 3rd highest in EU

Construction output in the euro area and the European Union increased month-on-month and year-on-year in September, according to data from...

Construction

Construction industry weathered COVID crisis well

According to KPMG's 2021 Global Construction Survey, the world's construction industry weathered the COVID-19 crisis well, said Pál Dános, KPMG...

Telco

Telcos Scurry to Modernize on Rising Demand

With the increasing push towards a more hybrid approach to working and education, the COVID-changed world has boosted the demand...

Telco

Growth and Acquisitions of 4iGsee it Heading for the Stars

4iG, a significant actor in the domestic IT market in the past two decades, is set to become one of...

Telco

The Notorious 5G: Opportunities and Legal Challenges

5G is one of the hottest topics in the tech industry, with high expectations and a wide range of concerns...

Fintech

Anton Molnar launches his 1st and only NFT

Putting the unknown father of Bitcoin Satoshi Nakamoto on canvas, Hungarian artist Anton Molnar has launched his only NFT (non-fungible...

Retail

EuroCenter to reopen next spring under the name GOBUDA Mall

Following its renovation implemented by Wing, EuroCenter shopping mall will welcome shoppers from spring 2022 with an almost completely new...

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....

Wizz Air Enters Winter With Fuel Hedges and Record Summer Traffic

Discount airline Wizz Air is preparing for winter with more than EUR 2.2 billion in liquidity and fuel hedges covering...

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...