Business

Automotive

Chinese Investors Lead the Charge in Boosting Hungarian Automotive

Hungary aims high in embracing investments that will deliver automotive’s electric transition. BYD’s multibillion-euro EV plant in Szeged and a...

Appointments

Colette Matz Named New Country President of Novartis Hungary

Colette Matz takes over from Matt Zeller as country president of Novartis Hungary this month....

Construction

Inventory Revaluation, FX Loss Put Masterplast in Red

Listed building materials maker Masterplast booked a net loss of EUR 15.7 million in 2023, practically level with its profit...

HR

1/3 Passively Looking for New Job

Research conducted by profession.hu in the first quarter of 2024 reveals that 36% of the Hungarian population aged 18-65 are...

Retail

Lithuania Retail Sales Growth Eases in January

Retail sales in Lithuania slowed 0.6% year-on-year in January from an upwardly revised 2.1% rise in the previous month, data...

Retail

Pepco Hungary Loses EUR 15 mln in Phishing Attack

The Hungarian business of European discount retailer Pepco Group has suffered a phishing attack, resulting in about EUR 15 million...

Pharma

Richter Earnings Slip on Flat Turnover, Financial Loss

Net income of Hungarian pharmaceutical company Gedeon Richter fell 6% to HUF 158.9 billion in 2023 as revenue stagnated and...

Deals

MOL Signs Antwerp Declaration for a European Industrial Deal

Hungarian oil and gas company MOL is among the signers of the Antwerp Declaration for a European Industrial Deal, which...

Transport

Wizz Air Named Official Carrier for Hungarian Olympic Team

Wizz Air will be the official airline for Hungarians competing at the 2024 Summer Olympics in Paris under an agreement...

Manufacturing

Ganz Announces EUR 12 mln Factory Development

Ganz Transformers and Electric Rotating Machines (Ganz) has launched a EUR 12 million technology development investment in its Rotating Machines...

HR

Teachers’ Union Demands Uniform Wage Scale in Higher Education

The Union of Higher Education Workers has issued a statement demanding that the salary scale be uniform in all higher...

Retail

Competition Office Launches Probe of Temu

Hungary's Competition Office (GVH) on Tuesday announced the launch of a probe of Chinese-owned online marketplace Temu, according to a...

Retail

Toy Seller Regio Játék Revenue Reaches HUF 21.4 bln in 2023

Revenue of Hungarian toy seller Regio Játék rose 6% to HUF 21.4 billion in 2023, the company said on Tuesday....

Sustainability

Skanska Launches ESG+ Office Package

Today, an ESG-compliant office is not only a necessity due to market changes and EU requirements, but also an added...

Manufacturing

Lithuanian Industrial Production Grows in January

Lithuania's industrial output expanded in January, driven by strong growth in the utility sector, data from Statistics Lithuania (LS) showed...

Automotive

Chinese Investors Lead the Charge in Boosting Hungarian Automotive

Hungary aims high in embracing investments that will deliver automotive’s electric transition. BYD’s multibillion-euro EV plant in Szeged and a...

Appointments

Colette Matz Named New Country President of Novartis Hungary

Colette Matz takes over from Matt Zeller as country president of Novartis Hungary this month....

Construction

Inventory Revaluation, FX Loss Put Masterplast in Red

Listed building materials maker Masterplast booked a net loss of EUR 15.7 million in 2023, practically level with its profit...

HR

1/3 Passively Looking for New Job

Research conducted by profession.hu in the first quarter of 2024 reveals that 36% of the Hungarian population aged 18-65 are...

Retail

Lithuania Retail Sales Growth Eases in January

Retail sales in Lithuania slowed 0.6% year-on-year in January from an upwardly revised 2.1% rise in the previous month, data...

Retail

Pepco Hungary Loses EUR 15 mln in Phishing Attack

The Hungarian business of European discount retailer Pepco Group has suffered a phishing attack, resulting in about EUR 15 million...

Pharma

Richter Earnings Slip on Flat Turnover, Financial Loss

Net income of Hungarian pharmaceutical company Gedeon Richter fell 6% to HUF 158.9 billion in 2023 as revenue stagnated and...

Deals

MOL Signs Antwerp Declaration for a European Industrial Deal

Hungarian oil and gas company MOL is among the signers of the Antwerp Declaration for a European Industrial Deal, which...

Transport

Wizz Air Named Official Carrier for Hungarian Olympic Team

Wizz Air will be the official airline for Hungarians competing at the 2024 Summer Olympics in Paris under an agreement...

Manufacturing

Ganz Announces EUR 12 mln Factory Development

Ganz Transformers and Electric Rotating Machines (Ganz) has launched a EUR 12 million technology development investment in its Rotating Machines...

HR

Teachers’ Union Demands Uniform Wage Scale in Higher Education

The Union of Higher Education Workers has issued a statement demanding that the salary scale be uniform in all higher...

Retail

Competition Office Launches Probe of Temu

Hungary's Competition Office (GVH) on Tuesday announced the launch of a probe of Chinese-owned online marketplace Temu, according to a...

Retail

Toy Seller Regio Játék Revenue Reaches HUF 21.4 bln in 2023

Revenue of Hungarian toy seller Regio Játék rose 6% to HUF 21.4 billion in 2023, the company said on Tuesday....

Sustainability

Skanska Launches ESG+ Office Package

Today, an ESG-compliant office is not only a necessity due to market changes and EU requirements, but also an added...

Manufacturing

Lithuanian Industrial Production Grows in January

Lithuania's industrial output expanded in January, driven by strong growth in the utility sector, data from Statistics Lithuania (LS) showed...

Chinese Investors Lead the Charge in Boosting Hungarian Automotive

Hungary aims high in embracing investments that will deliver automotive’s electric transition. BYD’s multibillion-euro EV plant in Szeged and a...

Colette Matz Named New Country President of Novartis Hungary

Colette Matz takes over from Matt Zeller as country president of Novartis Hungary this month....

Inventory Revaluation, FX Loss Put Masterplast in Red

Listed building materials maker Masterplast booked a net loss of EUR 15.7 million in 2023, practically level with its profit...

1/3 Passively Looking for New Job

Research conducted by profession.hu in the first quarter of 2024 reveals that 36% of the Hungarian population aged 18-65 are...

Lithuania Retail Sales Growth Eases in January

Retail sales in Lithuania slowed 0.6% year-on-year in January from an upwardly revised 2.1% rise in the previous month, data...

Pepco Hungary Loses EUR 15 mln in Phishing Attack

The Hungarian business of European discount retailer Pepco Group has suffered a phishing attack, resulting in about EUR 15 million...

Richter Earnings Slip on Flat Turnover, Financial Loss

Net income of Hungarian pharmaceutical company Gedeon Richter fell 6% to HUF 158.9 billion in 2023 as revenue stagnated and...

MOL Signs Antwerp Declaration for a European Industrial Deal

Hungarian oil and gas company MOL is among the signers of the Antwerp Declaration for a European Industrial Deal, which...

Wizz Air Named Official Carrier for Hungarian Olympic Team

Wizz Air will be the official airline for Hungarians competing at the 2024 Summer Olympics in Paris under an agreement...

Ganz Announces EUR 12 mln Factory Development

Ganz Transformers and Electric Rotating Machines (Ganz) has launched a EUR 12 million technology development investment in its Rotating Machines...

Teachers’ Union Demands Uniform Wage Scale in Higher Education

The Union of Higher Education Workers has issued a statement demanding that the salary scale be uniform in all higher...

Competition Office Launches Probe of Temu

Hungary's Competition Office (GVH) on Tuesday announced the launch of a probe of Chinese-owned online marketplace Temu, according to a...

Toy Seller Regio Játék Revenue Reaches HUF 21.4 bln in 2023

Revenue of Hungarian toy seller Regio Játék rose 6% to HUF 21.4 billion in 2023, the company said on Tuesday....

Skanska Launches ESG+ Office Package

Today, an ESG-compliant office is not only a necessity due to market changes and EU requirements, but also an added...

Lithuanian Industrial Production Grows in January

Lithuania's industrial output expanded in January, driven by strong growth in the utility sector, data from Statistics Lithuania (LS) showed...