Business

Manufacturing

Latvia industrial production rises in February

Latvia's industrial production rose in February, data from the Central Statistical Bureau (CSB) showed on Tuesday....

Residential

Duna House commissions revenue climbs 37% in Q1

Revenue from commissions of listed real estate broker Duna House rose 37% year-on-year to HUF 3.39 billion, preliminary data released...

Retail

Penny supports kids with HUF 5 mln thru UNICEF program

Retailer Penny Market joined UNICEF Hungary's "Responsibly for Early Childhood" program as a sponsor in 2020, donating a total of...

Innovation

Share of telecommuters in Hungary triples in 2020

The ratio of telecommuters in Hungary reached 8.6% last year, against the backdrop of the pandemic, triple the 2.9% average...

Deals

Gov’t blocks VIG takeover of Aegon businesses in Hungary

Vienna Insurance Group (VIG) on Wednesday said approval of its acquisition of peer Aegon's businesses in Hungary was denied by...

Retail

Bosnia retail sales fall less in February

Retail sales in Bosnia and Herzegovina went down 0.5% year-on-year in February, easing from a 1.7% drop in the previous...

Deals

Opus Global unit to acquire controlling stake in DM-KER

Listed holding company Opus Global on Tuesday said its unit Meszaros M1 made a binding offer to acquire, in a...

Manufacturing

Poland factory sector grows further in March

Poland's manufacturing sector expanded at the fastest pace in over more than three years in March, but fell short of...

Deals

31 mergers and acquisitions closed last year

The number of mergers and acquisitions closed in Hungary last year reached 31, close to the number in 2019, but...

Office Market

IMMOFINANZ leases 21,000 sqm of office space in Budapest

In IMMOFINANZ's Hungarian portfolio, several lease agreements and extensions of almost 21,000 sqm have been completed so far in 2021,...

Telco

Tarr rolls out IPTV service with HUF 671 mln investment

Hungary's Tarr has completed a HUF 671 million investment to add IPTV service to its subscriber offering, the ICT company...

Retail

Serbia retail sales rise in February

Serbia's retail sales increased by a real 2.8% year-on-year in February, after posting a 3.2% annual rise in the previous...

Automotive

Used car imports down 18% in Q1

Imports of used cars fell by 18% in Hungary in the first quarter of 2021 in a year-on-year comparison, according...

Residential

Around 72,000 Hungarian households plan home purchases

Around 72,000 Hungarian households have firm plans to purchase or build a home in the coming twelve months, a quarterly...

Appointments

Kinstellar appoints new partner

Kinstellar announced the promotion of Budapest-based energy sector specialist Balázs Sepsey to partner....

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...