Business

Ecosystem

VC funding In CEE reached over EUR 900 mln in Q2 2021

According to the latest VC Funding In CEE Report, recently published by Vestbee, the biggest matchmaking platform for startups, VC...

Transport

Wizz Air reports EUR 114 mln Q1 loss

Low-fare Hungarian carrier Wizz Air on Wednesday reported a first-quarter loss of EUR 114.4 million in its business year started...

Automotive

Supply-chain woes cause 3-week shutdown at Daimler plant

German carmaker Daimler is shutting down production at its plant in Kecskemét (82 km southeast of Budapest) for three weeks...

Appointments

Skanska commercial dev unit names new EVP of operations Hungary, Romania

Aurelia Luca became the new executive vice president of operations Hungary and Romania for Skanska’s commercial development business unit, the...

Residential

Home rental rates in Hungary edge 0.4% higher in June

Home rental rates in Hungary were up 0.4% year-on-year in June, rising for the first time since more than a...

Logistics

Development of East Gate PRO starts

Developer WING is launching the second phase of their East Gate Business Park project at the junction of motorways M0...

Incubators

Gov’t launches HUF 10 bln of VC funding for startups

Finance Minister Mihály Varga on Monday announced the launch of a HUF 10 billion support scheme for local startups through...

Manufacturing

Lithuania industrial production rises in June

Lithuania's industrial production rose a working-day adjusted 20.1% year-on-year in June, figures from Vilnius-based Statistics Lithuania (LS) showed on Friday....

Deals

Co-founder of Netflix invests in Polish startup

Mitch Lowe, the co-founder of Netflix, longtime CEO of Redbox and Moviepass, has joined UseCrypt. The official merger took place...

Appointments

New financial director at Heineken Hungária

Rachel Averill is set to succeed Alena Mazanikova as head of financial department at Heineken Hungária on August 1. The...

Industrial

Knapp buys former MTD factory in Nemesvámos

Colliers sold a 30,000 sqm industrial complex as part of a 9 hectare site in Nemesvámos, near Veszprém, to Austrian...

Interview

Unpleasant symptoms – urinary tract infection

Even if we search the English dictionary for the literal equivalent of the Hungarian word ’felfázás’, we’re unlikely to find...

HR

WHC Group expands in Debrecen

WHC Group, one of the leading HR services companies of Hungary opened its ninth Hungarian office in Debrecen, according to...

Telco

NMHH investigating Hungarian SMS charges

The National Media and Communications Authority (NMHH) is launching a so-called sector inquiry into telecommunication service providers, the results of...

Retail

Domestic e-commerce characterized by growing competition

Domestic e-commerce has been characterized by increasing competition from year to year, which has progressed three times in one year...

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...