Business

Office Market

DVM group joins Studio Alliance as founding member

Integrated building services company DVM group became a founding member of Studio Alliance, a formal group of workplace experts who...

Residential

Home purchase support could boost sales by 10,000

Governmental support for home purchasing and home renovations could push the number of home sales to 140,000 in 2021 from...

Incubators

15 startups included in BME business incubation program

Some fifteen startups have been included in the Budapest University of Technology's business incubation program dubbed BME Z10, launched one...

Fintech

Trading platforms enjoy record growth of customers 

According to data researched by TradingPlatforms.com, the world's biggest trading platforms enjoyed record growth of new customers in 2020, the...

Transport

Wizz Air announces new base in Sarajevo

Wizz Air announced opening its 41st base in Sarajevo, Bosnia and Herzegovina, basing one Airbus A320 aircraft at Sarajevo airport...

Office Market

WING signs new lease agreements at Infopark

WING, one of Hungary’s largest real estate developers, has signed long-term office lease agreements with new tenants in three buildings...

Retail

Montenegro retail sales fall in December

Montenegro's retail sales fell by a real 8.8% year-on-year in December, after decreasing by 11.9% a month earlier, official figures...

Retail

Retail sales down 4% y.o.y. in December 2020

In December 2020, the volume of sales in retail shops decreased by 3.2% according to raw data and by 4%...

Deals

Cautious optimism for M&A in CEE/SEE with PE firms poised to profit 

In the wake of the COVID-19 pandemic, dealmakers are broadly positive about the prospects for M&A in Central, Eastern, and...

Transport

Czech Smartwings seeks compensation for canceled spring 2020 flights

Smartwings Group, whose holdings include national carrier Czech Airlines, is seeking half a billion crowns (EUR 19.28 million) in compensation...

Deals

AKKO Invest to acquire NEO Property for HUF 18.5 bln

At its Monday meeting, the AKKO Invest Board of Directors decided about the acquisition of NEO Property Services Zrt., one...

Pharma

Elderly in Poland won’t be given AstraZeneca shot, says minister

Elderly people in Poland will not be given the AstraZeneca COVID-19 vaccine, the minister in charge of the program said...

Science

Hungary gets first delivery of Sputnik V vaccine

The first delivery of an order of Russia's Sputnik V COVID-19 vaccine arrived in Hungary on Tuesday, Minister of Foreign...

Automotive

AutoWallis sales up 33% y.o.y. in 2020

Listed automotive company AutoWallis’s vehicle sales grew by 39% in 2020 compared to the previous year, with the company’s service...

Automotive

Mercedes-Benz leads premium segment in Hungary

Sales of new Mercedes-Benz passenger cars in Hungary reached 4,501 last year, making it market leader in the premium segment,...

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....

Hungary Among EU’s Most Expensive Countries for Mobile Services

A European Commission study comparing 2024 consumer telecom prices across the EU found that Hungary is among the most expensive...

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...