Business

Pharma

Richter Q1 earnings fall as sales slip on base effect

First-quarter net income of Hungarian pharmaceutical company Gedeon Richter fell 7.3% year-on-year to HUF 26.9 billion as sales edged lower,...

Retail

E-commerce saw explosive growth in 2020

An increasing number of surveys and studies support the argument that e-commerce has experienced explosive growth in 2020, writes profitline.hu....

Manufacturing

Airbus Helicopters completes HUF 25 bln plant in Gyula

Airbus Helicopters completed a HUF 25 billion parts factory in Gyula (215 km southeast of Budapest), according to economic news...

Inside View

Cybersecurity Services Provided by ManpowerGroup

The coronavirus pandemic has opened a new chapter in the history of cybersecurity. The number of cyberattacks has increased manifold...

HR

Headhunting Across CEE Region Reveals Wide Range of Managerial Skills, Behavior Patterns

While countries in the region exhibit many similar characteristics, each has its own cultural, societal and political facets, all of...

HR

Labor Swings and the Rise of Home Office: HR During the Pandemic

We asked Csongor Juhász, managing director of Prohuman Ltd., and Tammy Nagy-Stellini, managing director of Hays Hungary, how the pandemic...

HR

Reshaping HR in the Light of COVID-19

Many companies in Hungary responded to the first wave of the pandemic by cost-cutting and delayed procurement. Current crisis management...

HR

Recruitment Market Eases, but Executive Search as Tough as Ever

As in so many sectors of the economy, executive search and recruitment companies suffered a hit with the onset of...

Appointments

New CEO at the helm of K&H Group

Guy Libot, former chief financial officer at KBC Group, has been appointed CEO of K&H Group....

Manufacturing

Industrial production up 16.5% y.o.y. in March

In March 2021, the volume of industrial production exceeded the previous year’s low base level by 16.5%, according to data...

Residential

Demand for lakeside properties increases

Demand for holiday and residential properties on the southern shore of Lake Balaton and around Lake Tisza increased the most...

Retail

Retail sales down 2% year-on-year in March

In March 2021, the volume of retail trade decreased by 1.5% in raw data and by 2% in calendar-adjusted data,...

Retail

Croatia retail trade up in March

Croatia's working-day adjusted retail trade in real terms increased by 14.3% year-on-year in March speeding up from a 3.8% rise...

Deals

Special Effects acquires stake in Spanish event production firm

After the recent expansion of its domestic portfolio, Special Effects strengthens its international presence by joining forces with a Spanish...

Logistics

Gebrüder Weiss announces HUF 12 bln expansion in Hungary

Austrian-owned forwarding and logistics company Gebrüder Weiss on Wednesday said it will invest HUF 12 billion at bases in Hungary....

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...