Business

Automotive

Bosch Automotive Steering to invest HUF 52.5 bln in Hungary

German-owned Bosch Automotive Steering will spend a combined HUF 52.5 billion on three investments at its base in Maklár (108...

Automotive

Acquisitions boost AutoWallis’ H1 sales 309%

Acquisitions made last year, as well as organic growth, boosted listed car seller AutoWallis' sales in the first half, the...

Transport

Half a million have used Balaton ferries 

Half a million people had traveled on the ferries of Balatoni Hajózási Zrt. (BAHART) between Szántód and Tihany by mid-July....

Interview

Domestic Guests to Drive Tourism Recovery Amid Labor Shortage Fears

Labor shortages remain a central problem for the COVID-ravaged tourism industry but, due to travel restrictions abroad and thus a...

Interview

30 Years of Developing Relations, Building Connections, and Sharing Knowledge

AmCham Hungary president Zoltán Szabó discusses the inheritance of the chamber’s American roots and the impact those still have on...

Retail

Spar opens 600th store in Hungary

Supermarket chain Spar opened its 600th store in Hungary in Vaskút (155 km south of Budapest) yesterday, according to a...

Residential

Renter’s market in Hungary ahead of uni admissions

Supply on Hungary's home rental market outstrips demand by 20-30%, listed real estate broker Duna House said a week ahead...

Transport

Budapest Airport registers more than 600,000 travelers in H1 2021

Ferenc Liszt International Airport handled some 603,585 passengers in the first half of 2021, according to a press release sent...

Retail

Jysk Magyarország boasts double-digit sales growth

Sales of the local business of Danish home furnishings chain Jysk are expected to grow in the double digits in...

Automotive

Automotive sector output up 81.1% y.o.y. in May

The output of Hungary's automotive sector, which accounts for the biggest share of manufacturing in the country, rose 81.1% year-on-year...

Retail

Popularity of e-scooters surpasses that of bikes at eMAG

According to sales statistics released by online retailer eMAG, the sales of e-scooters and hoverboards outpaced that of conventional bicycles...

Construction

Construction output volume up 18.7% y.o.y. in May

The volume of construction output in May 2021, based on raw data, surpassed the previous year’s level by 18.7%, according...

Logistics

New tenant at CTPark Budapest East industrial park

Electronics and appliances retailer Euronics has signed a contract for nearly 28,000 sqm of warehouse space at CTP's CTPark Budapest...

Manufacturing

Daikin achieves sales of HUF 14.4 bln

Despite the epidemic, Daikin Hungary Kft., the Hungarian representative of the Japanese brand Daikin, which manufactures and distributes heating, ventilation,...

Innovation

40,000 complete 8-week IT retraining course

More than 40,000 people completed the eight-week free IT training launched as part of the economic protection action plan....

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...