Business

Industrial

Prologis records 3.06 mln sqm European leasing activity in 2018

Logistics real estate concern Prologis has released a report on its activity in the fourth quarter and the whole year...

Deals

Audi Hungaria union to hold warning strike over wages

The Audi Hungaria Independent Union (AHFSZ) will hold a two-hour warning strike on Friday, the union said after a strike...

Deals

LG Electronics Hungary appoints new chief

Hyeong Tae Kim takes over the position at the helm of LG Electronics Hungary from Bumseop Lee, who will continue...

Deals

Wing wins Europa Property real estate awards

Developer Wing Zrt. received the "Company of the Year" award at the second edition of the Europa Property CRE Awards...

Industrial

Budapest office market annual demand hits 2015 record in Q4

According to a report by the Budapest Research Forum (BRF), the modern Budapest office stock was extended by a total...

Automotive

New reg. requirement for foreign commercial vehicles

Owners of large commercial vehicles registered abroad are required to enter their vehicle environmental classification in the system of national...

Retail

CEE drives European growth in e-retail – Icecat

Five countries in the CEE region - namely Poland, Bulgaria, Hungary, Slovakia, and Slovenia - are driving European growth in...

Telco

General govʼt deficit falls to 106% of target at yearʼs end

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 1,445.1 billion deficit as of the end of December...

Telco

Gross wages up 10.4% y-o-y in November

In November 2018, average gross monthly earnings amounted to HUF 355,100, a 10.4% increase compared to November 2017, according to...

Deals

New EU rules may cut number of money market funds

Tighter European Union regulations would result in 21 of the 30 existing Hungarian money market funds changing profile or opting...

Automotive

Premium-category car sales in Hungary rise nearly 10%

Sales of premium-category passenger cars in Hungary rose 9.5% to 12,949 last year, with German brands dominating this market segment,...

Competition

State support for workplace training easier this year – Deloitte

According to new regulations, companies may apply for financial support for internal and external training programs from the National Employment...

Retail

New CEE e-commerce news site launches

A news site focusing on the CEE region and reporting on e-commerce and online retail, dee-tail.com, has been launched recently,...

Sustainability

CEE to maintain healthy growth in 2019: UniCredit

Central and Eastern Europe is a region with healthy growth and massive potential, UniCredit stated at a workshop hosted at...

Ecosystem

President of Johns Hopkins University praises CEU

Ron Daniels, president of Johns Hopkins University and chair of the Middle States Commission on Higher Education Evaluation Team, has...

Office Market

Ready When You Are: Rethinking the Office Around the Tenant

Occupiers no longer lease floor area; they buy a working environment. In a tighter economic climate, the landlords that win...

Retail

Aldi Hungary Challenges HUF 123 mln Fine Over Advertising Claims

Aldi Magyarország is seeking a court review of a Hungarian Competition Authority (GVH) decision fining it HUF 123 mln for...

Real Estate

Shopping Development Dominated by Refurbishment and Retail Parks

Shopping center development remains constrained across Hungary and the CEE region given concerns about the economic environment, spending power, and...

Industrial

Growing Predominance of BTS in Industrial Development

Analysts see fewer speculative industrial development project starts, while built-to-suit projects, particularly in regional hubs in the production sector, have...

Real Estate

Optimism on Stage, Reality in the Market: Is European Real Estate Really Recovering?

The recent Portfolio Property Investment Forum in Budapest and Expo Real in Munich offered two contrasting perspectives on the commercial...

Appointments

Hera Cuku Named Managing Director of Lilly Hungary

Eli Lilly has appointed Hera Cuku as managing director of Lilly Hungária Kft., bringing international leadership experience and a scientific...

Pharma

From Youth-led Ideas to Decision-Makers’ Table: A Day Revolving Around the Future of Hungarian Science and Healthcare

How can Hungary become a regional hub for clinical trials? Young physicians, researchers, and biotech innovators spent a morning tackling...

Ready When You Are: Rethinking the Office Around the Tenant

Occupiers no longer lease floor area; they buy a working environment. In a tighter economic climate, the landlords that win...

Aldi Hungary Challenges HUF 123 mln Fine Over Advertising Claims

Aldi Magyarország is seeking a court review of a Hungarian Competition Authority (GVH) decision fining it HUF 123 mln for...

Shopping Development Dominated by Refurbishment and Retail Parks

Shopping center development remains constrained across Hungary and the CEE region given concerns about the economic environment, spending power, and...

Geely Leads Interest in Chinese Car Brands Newly Launched in Hungary

Geely attracted the most interest among Chinese car brands entering Hungary this year, according to January-September data from used car...

Growing Predominance of BTS in Industrial Development

Analysts see fewer speculative industrial development project starts, while built-to-suit projects, particularly in regional hubs in the production sector, have...

Netlock Appoints George Tilesch to Lead AI and Global Strategy

Hungarian digital trust services provider Netlock has appointed Hungarian-American AI expert Dr. George Tilesch to its senior leadership team, effective...

Optimism on Stage, Reality in the Market: Is European Real Estate Really Recovering?

The recent Portfolio Property Investment Forum in Budapest and Expo Real in Munich offered two contrasting perspectives on the commercial...

Futureal Acquires Hungary’s Largest Outlet Center

Futureal has acquired Premier Outlet Budapest, Hungary’s largest outlet center, as it expands its Hungarian operations into direct investment in...

Revolut Links Service Disruption to Google Cloud Outage

Revolut has attributed its Oct. 20 service disruption to a Google Cloud outage, telling customers that normal operations were restored...

Serbia Says MOL Deal for NIS Stake Signed; MOL Reports No Disclosure Update

A contract for MOL’s acquisition of a stake in Serbian oil and gas company NIS from Russia’s Gazprom Neft has...

Citi Appoints Zoltán Schwardy as Country Officer and Banking Head for Hungary

Citi has announced the appointment of Zoltán Schwardy as Citi country officer (CCO) and banking head for Hungary, effective Sept....

Budapest Office Vacancy Rises to 13.1% as Leasing Demand Falls Year-on-Year

Budapest’s office vacancy rate rose to 13.1% in the third quarter of 2026, while total leasing demand fell 9% year-on-year,...

Hera Cuku Named Managing Director of Lilly Hungary

Eli Lilly has appointed Hera Cuku as managing director of Lilly Hungária Kft., bringing international leadership experience and a scientific...

Revolut Users Report Disruptions to Payments, Transfers and Currency Exchange

Revolut users experienced problems with several services on Tuesday morning, including card payments, transfers and currency exchange, Hungarian fintech portal...

From Youth-led Ideas to Decision-Makers’ Table: A Day Revolving Around the Future of Hungarian Science and Healthcare

How can Hungary become a regional hub for clinical trials? Young physicians, researchers, and biotech innovators spent a morning tackling...