Business

Manufacturing

Goodyear to procure 100% renewable energy to Slovenian plant

U.S.-based multinational tire manufacturer Goodyear plans to start procuring 100% renewable energy to its plant in Kranj, Slovenia, it said....

Innovation

Outsourced knowledge sharing: competitive advantage in the BSS

A new online knowledge-sharing program, specific to the business services sector (BSS), is being launched this quarter. Targeting new joiners...

Podcasts

Norbert Fogarasi discusses how chess can unite a global business, the Global Chess Festival and the role of human oversight of Next Best Action, one of Morgan Stanley’s AI-driven predictive tools

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

Innovation

Cosmo Consult to establish service centers in Debrecen, Szeged

The Hungarian office of Cosmo Consult Group, an international company providing enterprise IT solutions, announced that it will establish new...

Retail

Number of retail outlets falls, turnover edges down in 2020

There were close to 116,000 retail outlets operating in Hungary at the end of 2020, down by 3.1% or almost...

Construction

GVH: Brick production competition could improve

Competition in brick production could improve, and market concentration can be offset by state incentives to expand domestic manufacturing, the...

Manufacturing

Lithuania industrial production grows in August

Lithuania's industrial production grew robustly in August, led by strong output in mining and quarrying and manufacturing sectors, preliminary data...

Deals

Uni takes over Tokaj region’s biggest vintner

The state has transferred ownership of Grand Tokaj, the Tokaj wine-growing region's biggest vintner, to a foundation that runs the...

Inside View

Energy Efficiency: End-users, Energy Traders and Other Stakeholders Should be Prepared

Beginning this year, a so-called energy efficiency obligation system (EKR) was introduced in Hungary. It provides excellent opportunities for customers,...

Appointments

GTC Hungary appoints Ede Gulyás as country head deputy

Globe Trade Centre (GTC) promoted Ede Gulyás to the position of country head deputy, effective August 1, the company announced....

Pharma

Another 170,000 Pfizer jabs delivered to Hungary

More than 170,000 doses of the COVID vaccine developed by Pfizer and BioNTech were delivered to Hungary during the week,...

Residential

Nearly 1/3 planning thermal insulation work

Thermal insulation could be a hit in the next three years, as 32% of the population is planning this type...

New Projects

New EIT Community Hub to support more innovators in CEE

The EIT Community Hub in Hungary opened its doors this month in Budapest, bringing together four Knowledge and Innovation Communities...

Logistics

Helloparks places 1st column of 45,000 sqm Fót warehouse

The first column of the first warehouse of HelloPark's Fót industrial and logistics center has been placed, according to a...

Construction

Terrán inaugurates HUF 725 mln solar tile plant

Hungarian-owned Terrán Tetőcserép Gyártó inaugurated a HUF 725 million solar tile plant in Pécs (195 km southwest of Budapest) this...

Industrial

PSS Expands Hungarian Capacity Serving BMW, Mercedes and Others

Premium Sound Solutions is expanding its Hungarian manufacturing footprint with a new purpose-built plant at LogStar Park Fehérvár in Szabadbattyán...

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....

PSS Expands Hungarian Capacity Serving BMW, Mercedes and Others

Premium Sound Solutions is expanding its Hungarian manufacturing footprint with a new purpose-built plant at LogStar Park Fehérvár in Szabadbattyán...

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...