Business

Automotive

Magyar Suzuki’s 1st patent registered, EUR 38.1 mln in investments made in 2020

Having originally started as a weaving factory, Suzuki is now a global leader in automotive, marine engine, and motorcycle manufacturing,...

Interview

Transcend’s solution to eliminate the most boring part of an engineer’s work

Júlia Sohajda, one of the co-founders of Hungarian venture capital fund Vespucci Partners, and Péter Bohács the director of software...

Retail

Fewer Poles visit shopping malls than before pandemic

Poles do not visit shopping centers as eagerly as before the pandemic, reported the Polish News Agency....

Retail

NAV inspecting fuel price cap enforcement

The National Tax and Customs Authority (NAV) started inspecting fuel stations this week after government rules capping the price for...

Manufacturing

Strong demand for building materials lifts Masterplast earnings

Third-quarter net income of listed Hungarian building materials maker Masterplast rose 138% year-on-year to EUR 5,018,000, boosted by strong market...

Logistics

New logistics park to be built near Budapest

A new logistics park is being built in Biatorbágy, near Budapest, along the M1 motorway, according to a press release...

Office Market

Krausz Palota to undergo renovation

The modernization of the more than 130-year-old Krausz Palota on Andrássy út, a World Heritage site, has begun, according to...

Podcasts

Algebraic notation – Morgan Stanley Hungary head and Hungarian Chess Federation board member Norbert Fogarasi discusses desirable skills chess players and Morgan Stanley personnel often share.

Head of Morgan Stanley Hungary and member of the Board of the Hungarian Chess Federation Norbert Fogarasi discusses the dynamic...

Residential

Strong demand, rising prices, moderate supply on housing market

Home prices in Hungary continued to increase in the second quarter, with price rises accelerating the most in cities outside...

Pharma

MOL requires COVID immunity to work

Hungarian oil and gas company MOL on Tuesday said it is requiring its employees to get their COVID jabs or...

Pharma

Another 240,000 Pfizer jabs delivered to Hungary

More than 240,000 doses of the COVID vaccine developed by Pfizer and BioNTech were delivered to Hungary during the week,...

Automotive

Hankook spending EUR 32 mln on warehouses in Hungary 

South Korean tire maker Hankook is spending more than EUR 32 million on warehouses at its base in Rácalmás (about...

Telco

Hungary leading in high-speed internet subscriptions

According to the latest EU summary, Hungary is leading the way in the field of 1 Gbps internet subscriptions, Deputy...

Deals

Employers, unions, and gov’t sign minimum wage deal

Representatives of employers, unions, and the government signed an agreement on Monday that will raise the minimum wage by over...

Transport

Budapest Airport’s new main gate opens

Budapest Airport has completed construction and put into operation a new main gate serving its staff and partners, located near...

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...