Business

Retail

Tesco, unions reach deal on 5.5% pay rise

The local unit of U.K. supermarket chain Tesco on Friday said its management reached an agreement with trade unions on...

Office Market

Obituary: ‘Visionary architect’ and developer Attila Kovács, MRICS

Attila Kovács, the founder and managing partner of DVM group and Horizon Development, died on February 10, 2021 at the...

Retail

Boom in online sales means Douglas will axe 500 stores

German premium beauty retailer Douglas has said it will shutter about 500 stores in Europe as its online sales surge....

Residential

Survey: 290,000 families to use home renovation program

Up to 290,000 families plan to make use of the government's new home renovation program in the next two years,...

Telco

Applications open for Vodafone Digital Award

For the third time, Vodafone Hungary Foundation will organize the highly successful Vodafone Digital Award, which aims to encourage and...

Deals

Hungary set to sign 10-year MotoGP, Superbike contracts

Hungary's government has mandated the necessary measures to sign 10-year contracts to host MotoGP and Superbike races with rights holder...

Retail

80% of Serbians use contactless payment systems

Some 80% of Serbians use contactless payment systems and a third would like to be able to pay amounts up...

Transport

Passenger traffic down, cargo booming at Budapest Airport

Ferenc Liszt International Airport handled 66,148 passengers during January 2021, registering a 94.3% drop compared to the same month of...

Manufacturing

Balluff to invest HUF 2.1 bln in R&D base in Veszprém

The Hungarian unit of Germany's Balluff, a maker of sensors used in automated industrial applications, will invest HUF 2.1 billion...

Telco

UPC Direct rebrands as Direct One

TV service provider UPC Direct has begun rebranding as Direct One at the beginning of February, according to a press...

Pharma

Half a mln doses of BioNTech/Pfizer vaccine delivered to Hungary so far

Half a million doses of the COVID-19 vaccine developed by U.S.-based Pfizer and Germany's BioNTech have arrived in Hungary so...

Deals

MVM green mobility business sets up JV with Volánbusz 

MVM Mobiliti, the green mobility unit of the state-owned Hungarian Electricity Works (MVM), has set up a joint venture with...

Logistics

GLP announces record leasing, development activity for logistics business in 2020

Logistics real estate investor, developer, and operator GLP business signed more than 22.7 million sqm of new and renewal lease...

Appointments

New head of practice, foreign legal counsel join KNP LAW

Csaba Rusznak has joined KNP LAW Nagy-Koppány Lencs & Partners to lead the firms dispute resolution practice group, with Olivér...

Residential

Treasury starts transferring home renovation subsidies

The Hungarian Treasury is transferring the first subsidies on Tuesday as part of the government's new home renovation support scheme,...

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...