Business

Appointments

Shalini Randeria elected CEU’s 6th rector and president

The Board of Trustees of Central European University (CEU) announced the appointment of Shalini Randeria as the sixth president and...

Podcasts

Thank the Eger monks – Nimród Kovács discusses the U.S., Chinese markets for Hungarian wines and the history of wine making in Eger.

Nimród Kovács, the proprietor of Hungary's renowned Kovács Nimród winery, discusses the U.S. and Chinese markets for Hungarian wines and...

Manufacturing

Industrial production increased by 39.1% y.o.y. in May

In May 2021, the volume of industrial production exceeded by 39.1% the low base level of last year’s May, according...

Podcasts

Color me influenced – Nimród Kovács, proprietor of Kovács Nimród winery, discusses the impact of label design, pricing, and restaurants on the wine business.

Nimród Kovács, the proprietor of Hungary's renowned Kovács Nimród winery, discusses the impact of wine label design, pricing, and restaurants...

Podcasts

The sky’s the limit

Nimród Kovács, the proprietor of Hungary's renowned Kovács Nimród winery, discusses the business of wine with CBI Co-Hosts Theodore S....

Transport

Hungarian, Russian, Chinese partners to set up rail cargo JV

Hungarian railway freight company CER Cargo, co-owned by the Hungarian state, will set up a joint venture with RZD Logistics,...

Innovation

More foreign students see value in Hungarian diploma

In seven years, the number of international students studying at Hungarian universities has increased by almost two-thirds, the majority of...

Retail

Romania retail sales growth eases in May

Romania retail sales grew at a softer pace in May, figures from the Bucharest-based National Institute of Statistics (INS) showed...

Office Market

IBM Hungary to move HQ to Corvin Innovation Campus

IBM Hungary will move its headquarters to Futureal's Corvin Innovation Campus in 2023, according to a press release sent to...

Innovation

Award-winning startup Haris Digital helps Hungarian industry for free

With Haris Digital's award-winning IoT solution, any manufacturer can achieve a 20-30% increase in overall equipment effectiveness (OEE), which is...

Residential

Duna House franchise commissions revenue climbs 87% in Q2

Second-quarter commissions revenue of the franchises of listed real estate broker Duna House rose 87% year-on-year to HUF 3.54 bln,...

Telco

ICT sector revenue rises 3.5%

Revenue of companies in Hungary's ICT sector rose an annualized 3.5% in the first quarter to HUF 961 billion, according...

Retail

Retail sales grew by 5.8% y.o.y. in May

In May 2021, the volume of sales in retail trade, according to both raw and calendar-adjusted data, grew by 5.8%...

Appointments

New CEO at the helm of DUIHK

On July 1, Barbara Zollmann officially took over as the CEO of the German-Hungarian Chamber of Industry and Commerce (DUIHK),...

Office Market

Flex offices set to become USD 13 bln business by 2025

Companies are increasingly turning towards flex offices and according to research by Business Wire, the global flex office space market...

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...

Transport

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...

Automotive

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,...

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...

Transport

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...

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....

Retail

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...

Pharma

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...

Interview

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...

Pharma

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...

Construction

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...

HR

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...