Business

Residential

January home sales rise 13%

Home sales in Hungary rose 13% year-on-year to 11,185 in January, Hungarian news agency MTI reports, citing an estimate by...

Automotive

New car registrations fall 12% in January

New passenger car registrations in Hungary fell 12% year-on-year to 8,867 in January, the Hungarian Association of Vehicle Importers (MGE)...

Retail

Toy store openings lift Regio Játék sales

Sales of Hungarian toy seller Regio Játék rose 4.5% to HUF 13.8 billion last year, supported by new store openings,...

Residential

MNB takes view on project financing of residential developments

The National Bank of Hungary (MNB) has made a recommendation on its website to Hungarian lenders in order to implement...

Retail

Estonia retail sales rise in December

Estonia retail sales increased in December, data from Statistics Estonia (SE) showed on Friday. Retail sales, excluding motor vehicles and...

Retail

Lithuania retail sales drop in December

Lithuania's retail sales declined for the first time in eight months in December, figures from Statistics Lithuania (LS) showed on...

Manufacturing

Falco plans HUF 8.2 bln investment

Austrian-owned wood-based panel manufacturer Falco is investing HUF 8.2 billion at its operations in Hungary, Minister of Foreign Affairs and...

Transport

Wizz Air updates travel insurance offer with COVID coverage

Discount airline Wizz Air announced that it will offer passengers COVID-19 insurance coverage as part of its travel insurance package,...

Deals

Hungarian company wins contract for USD 300 mln Indonesian e-toll system  

A Hungarian company has won a contract to set up an electronic toll system worth more than USD 300 mln...

Retail

Metro reaches wage rise agreement

Following a series of negotiations, Metro has reached an agreement on wage increases for 2021, writes novekedes.hu....

Retail

Cardio Bunny begins its int’l expansion with cooperation with Pepco

Polish sports clothing brand Cardio Bunny has prepared a limited collection created especially for Pepco stores. Sports clothes and accessories...

Automotive

Audi restarts shifts after supply chain pressure eases

German carmaker Audi's base in Hungary will operate with three shifts again from Monday, after reducing the number to just...

HR

Labor Market Pendulum Swings Back Thanks to COVID

Among the many changes the coronavirus has wrought, work has been much affected. And not just labor market dynamics; from...

Pharma

OGYÉI approves China’s Sinopharm vaccine

Hungary's National Institute of Pharmacy and Nutrition (OGYÉI) has approved a COVID-19 vaccine developed by China's Sinopharm, the country's chief...

Interview

Diplomatically Speaking: Mexican Ambassador David Nájera – Giving Mexico a ‘Global Promotion’ in Hungary

By the time you read this, the three-and-a-half year posting of David Nájera as Mexico’s Ambassador to Hungary will have...

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...