Business

Transport

Montenegro’s new flag carrier to start regular operations next week

ToMontenegro, the successor of flag carrier Montenegro Airlines, plans to start regular commercial operations with a flight linking Podgorica and...

Retail

Retail sales up 10.6% y.o.y. in April

In April 2021, the volume of retail trade increased by 9.9% in raw data and by 10.6% in calendar-adjusted data,...

Transport

HungaroControl directed 47,375 aircraft in June

HungaroControl's air traffic controllers directed 47,375 aircraft in June, 167% more than in the same month a year earlier, but...

Innovation

Recart to receive USD 3.5 mln investment

Budapest-based mobile marketing platform Recart is set to receive an investment of USD 3.5 million, including USD 2.5 mln from...

Transport

Wizz Air racks up EUR 576 mln loss for pandemic business year

Hungarian low-fare carrier Wizz Air booked a EUR 576 million loss for its business year ended March 31, state news...

Office Market

Int’l tenant signs lease in Váci Greens E

ChemAxon has signed a new lease for approximately 3,050 sqm of office space in one of the latest additions to...

Science

Hungary nearing herd immunity

Hungary is "close to reaching community immunity" against the coronavirus, Gergely Gulyás, the head of the Prime Minister's Office, said...

Office Market

Budapest ONE office park’s final phases reach highest point

The second and third phases of Futureal's Budapest ONE office park have reached their highest point, according to a press...

Manufacturing

Czech Republic factory activity at all-time high in May

The Czech Republic Manufacturing PMI increased climbed to a record high of 61.8 in May from 58.9 in the previous...

Automotive

AutoWallis EBITDA almost triples in Q1

AutoWallis reported a 142% year-on-year increase in revenue and a 188% y.o.y. increase in EBITDA in its first-quarter management report,...

Pharma

Richter extends cariprazine licensing deal to Japan, Taiwan

Hungarian pharmaceutical company Gedeon Richter on Wednesday announced the extension of a licensing agreement with U.S. peer AbbVie for its...

Transport

Hungary to add extra letter to license plates

Hungary will add another letter to its number plates from July 1, 2022, as its fleet of motor vehicles grows,...

Transport

Wizz Air reopens Debrecen base

Hungarian low-fare carrier Wizz Air has re-opened its base in Debrecen (220 km east of Budapest), the airline said yesterday,...

Deals

Optima acquires Metropolitan University

Hungarian asset management company Optima Befektetési has acquired Metropolitan University (METU), a private school in Budapest, from Warsaw-based private fund...

Retail

Croatia retail sales rise at record pace in April

Croatia's retail sales surged 34.4% from a year earlier in April, following a 14.2% increase in the prior month, data...

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...