Business

Deals

Safin signs preliminary agreement on Dunaferr takeover

Safin GmbH, a Kazakh-owned industrial company headquartered in Vienna, has signed a preliminary agreement on taking over the operation of...

Office Market

Budapest modern office stock at 3,935,990 sqm in Q1

The total modern office stock in Budapest added up to 3,935,990 sqm in Q1 2021, according to data compiled by...

Office Market

Philip Morris extends lease in Kálvin Square office building

Philip Morris Hungary Ltd. has extended its lease agreement in Kálvin Square office building, managed and operated by ConvergenCE, according...

Automotive

Used car prices climb one-third

Used car prices in Hungary rose by about one-third in the 12 months to March, Hungarian news agency MTI reports,...

Transport

BUD renews deal to protect trays with Anti-COVID coating

Resysten, a company that manufactures an antimicrobial coating that protects surfaces from the spread of COVID-19 and other pathogens, has...

Office Market

Trenkwalder picks Balance Building for Budapest HQ

International personnel service group Trenkwalder chose CPI Hungary's Balance Building as the new location for its Budapest headquarters, according to...

Pharma

Chinese vaccines to make up for missed Janssen delivery

Hungary is bringing forward deliveries of Chinese COVID-19 vaccines it has ordered to make up for a missed delivery of...

Manufacturing

Police take steps amid tensions between Dunaferr owners

Police took steps in Dunaújváros (about 60 km south of Budapest) late Friday as a conflict between the owners of...

Telco

Magyar Telekom board approves HUF 15.3 bln dividend

The board of Magyar Telekom approved payment of a HUF 15.3 billion dividend on 2020 earnings at a meeting on...

Deals

The Venture Capital Industry in Central Europe

Les Nemethy and François Lesegretain’s last corporate finance column was on the subject of mergers and acquisitions (M&A) and concluded...

HR

Workers Tend to Prefer Office to Home Working: Skanska Survey

Almost half of all Central and Eastern European employees say they go to the office every day, despite more than...

Automotive

Vechicle sales at AutoWallis rocket in Q1

Thanks to six transactions concluded last year, the sales figures of AutoWallis have increased significantly: based on first-quarter data, the...

Appointments

New CEO at the helm of Magyar Suzuki

From May 1, Atsumi Masato will replace Abe Yoshinobu at the helm of Magyar Suzuki Zrt., the company announced earlier...

Logistics

InPost wants to open over dozen logistics hubs all over Poland

Delivery platform for e-commerce InPost will launch over a dozen more logistics hubs throughout Poland. The facilities will be built...

Pharma

Gov’t in talks to substitute Janssen vaccine

Hungary's government is in talks to procure COVID vaccines to substitute for Janssen jabs, Gergely Gulyás, the head of the...

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...