Business

Retail

Retail sales up 3% y.o.y. in July

In July 2021, the volume of sales in retail trade increased by 2.5% according to raw data and by 3%...

Appointments

Waberer’s announces new CEO, management structure changes

Logistics company Waberer's International announced the appointment of Zsolt Barna as chief executive officer....

Manufacturing

Czech manufacturing PMI eases in August

The Czech Republic manufacturing Purchasing Managers' Index (PMI) fell to a four-month low of 61 in August, from 62 in...

Science

Semmelweis Uni advances in THE ranking

Semmelweis University, Hungary's top medical school, has placed in the 250-300 group in the latest annual Times Higher Education World...

Deals

Erste acquires Random Capital

Erste Befektetési, the investment arm of Austrian-owned Erste Bank, has acquired Random Capital, making Erste the biggest broker on the...

Manufacturing

N. Macedonia industrial output shrinks in July

Industrial production in North Macedonia dropped 0.6% from a year earlier in July, following the 9.5% gain in the previous...

Office Market

Millenium Gardens to feature bistro-style restaurant

TriGranit, the developer of Millennium Gardens and the Kantin restaurant chain, which focuses on premium office catering, have agreed to...

Transport

Wizz Air to make COVID vaccination mandatory for cabin crew

Hungarian low-fare airline Wizz Air will require all cabin crew to be vaccinated against the coronavirus from December 1, the...

Residential

Real estate prices in Vas County up 10% in H1

According to Duna House, real estate prices in Vas County increased by 10% in the first half of this year...

Automotive

BMW Group remains committed to Debrecen

The BMW Group remains committed to its investment in Debrecen (225 km east of Budapest), which will lead to the...

Residential

Hungary home sales down 5% in August

Home sales in Hungary fell 5% year-on-year to 11,304 in August, as more Hungarians than usual went on vacation, listed...

Appointments

Citi appoints Central Europe cluster head, Czech country officer 

Citi has announced the appointment of British national Munir Nanji as Central Europe cluster head and Citi country officer (CCO)...

Residential

IMMOFINANZ expands portfolio to include sustainable housing

IMMOFINANZ is now expanding its real estate offering to include affordable and sustainable housing, with the company planning to create...

Manufacturing

PepsiCo to build PLN 1 bln sustainable factory in Poland

PepsiCo has announced plans to build a new manufacturing plant in southwest Poland to produce potato snacks for export to...

Retail

Estonia retail sales increase in July

Estonia retail sales rose in July, data from Tallinn-based Statistics Estonia (SE) showed on Monday....

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...