Business

Office Market

Developments Still Ongoing in Some Sectors Despite the Challenging Market Environment

While there are substantial pipelines for the industrial and hotel markets in Hungary, things are more limited for offices, and...

Office Market

Developers Juggling Multiple Demands and Challenges

Development in the various real estate markets in Hungary is impacted by concerns about demand and concluding the preleases that...

Automotive

OMV Setting up 28 EV Chargers in Hungary

OMV Hungária Ásványolaj Kft. has announced that the company will start the setup of a network of 28 EV charging...

HR

Number of Registered Jobseekers Down 4% y.o.y. in October

The number of registered jobseekers in Hungary reached 226,233 in October, edging down 0.7% from a month earlier and falling...

Office Market

Turbine Chooses Corvin Innovation Campus as HQ

Digital biopharma research and development R&D company Turbine has set up its brand-new headquarters in the Corvin Innovation Campus on...

Transport

No Trains at Déli Pályaudvar This Weekend

Hungarian State Railways (MÁV) will not operate trains at Budapest's Déli Pályaudvar (Southern Railway Station) on the first weekend of...

Transport

Wizz Air’s 1st Direct Budapest-Cairo Flight Takes Off

Discount airline Wizz Air launched its first direct flight from Budapest to Cairo this week, according to a press release...

Automotive

BMW Inaugurates Training Center at Debrecen Plant

German automaker BMW inaugurated a training center at the EUR 1 billion factory it is building in Debrecen (225 km...

HR

Earnings Need to Double to Draw Hungarians Abroad Back

Earnings in certain jobs should be doubled at home for Hungarians who have migrated abroad to return home, Zoltán Karácsony,...

Residential

Foreigners Buy Around 8,000 Homes in Hungary in 2022

Foreign nationals bought about 8,000 homes in Hungary last year, beating the previous record of 7,300 set in 2018, news...

Manufacturing

Industrial Producer Prices Down 2.5% y.o.y. in September

Industrial producer prices in Hungary were 2.5% lower on average in September 2023 compared to one year earlier, according to...

Retail

Lithuania Retail Sales Fall in September

Lithuanian retail sales shrank by 3.4% year-on-year in September, slipping further from an upwardly revised 1.3% fall in the previous...

Retail

Latvia Retail Sales Drop in September

Retail sales in Latvia slid 4.1% year-on-year in September, a seventh consecutive decline, following a 2.7% drop in the prior...

Logistics

Intermodal Railway Terminals to Open in Hungary in Coming Years

New intermodal railway terminals will be opened in Hungary in the coming years to serve the industrial plants under construction,...

HR

Avg Hourly Rate for Blue-collar Workers up 17.4% in Q3

The average gross hourly pay rate for skilled and unskilled blue-collar workers in Hungary climbed 17.4% to HUF 1,855 in...

Office Market

Developments Still Ongoing in Some Sectors Despite the Challenging Market Environment

While there are substantial pipelines for the industrial and hotel markets in Hungary, things are more limited for offices, and...

Office Market

Developers Juggling Multiple Demands and Challenges

Development in the various real estate markets in Hungary is impacted by concerns about demand and concluding the preleases that...

Automotive

OMV Setting up 28 EV Chargers in Hungary

OMV Hungária Ásványolaj Kft. has announced that the company will start the setup of a network of 28 EV charging...

HR

Number of Registered Jobseekers Down 4% y.o.y. in October

The number of registered jobseekers in Hungary reached 226,233 in October, edging down 0.7% from a month earlier and falling...

Office Market

Turbine Chooses Corvin Innovation Campus as HQ

Digital biopharma research and development R&D company Turbine has set up its brand-new headquarters in the Corvin Innovation Campus on...

Transport

No Trains at Déli Pályaudvar This Weekend

Hungarian State Railways (MÁV) will not operate trains at Budapest's Déli Pályaudvar (Southern Railway Station) on the first weekend of...

Transport

Wizz Air’s 1st Direct Budapest-Cairo Flight Takes Off

Discount airline Wizz Air launched its first direct flight from Budapest to Cairo this week, according to a press release...

Automotive

BMW Inaugurates Training Center at Debrecen Plant

German automaker BMW inaugurated a training center at the EUR 1 billion factory it is building in Debrecen (225 km...

HR

Earnings Need to Double to Draw Hungarians Abroad Back

Earnings in certain jobs should be doubled at home for Hungarians who have migrated abroad to return home, Zoltán Karácsony,...

Residential

Foreigners Buy Around 8,000 Homes in Hungary in 2022

Foreign nationals bought about 8,000 homes in Hungary last year, beating the previous record of 7,300 set in 2018, news...

Manufacturing

Industrial Producer Prices Down 2.5% y.o.y. in September

Industrial producer prices in Hungary were 2.5% lower on average in September 2023 compared to one year earlier, according to...

Retail

Lithuania Retail Sales Fall in September

Lithuanian retail sales shrank by 3.4% year-on-year in September, slipping further from an upwardly revised 1.3% fall in the previous...

Retail

Latvia Retail Sales Drop in September

Retail sales in Latvia slid 4.1% year-on-year in September, a seventh consecutive decline, following a 2.7% drop in the prior...

Logistics

Intermodal Railway Terminals to Open in Hungary in Coming Years

New intermodal railway terminals will be opened in Hungary in the coming years to serve the industrial plants under construction,...

HR

Avg Hourly Rate for Blue-collar Workers up 17.4% in Q3

The average gross hourly pay rate for skilled and unskilled blue-collar workers in Hungary climbed 17.4% to HUF 1,855 in...

Developments Still Ongoing in Some Sectors Despite the Challenging Market Environment

While there are substantial pipelines for the industrial and hotel markets in Hungary, things are more limited for offices, and...

Developers Juggling Multiple Demands and Challenges

Development in the various real estate markets in Hungary is impacted by concerns about demand and concluding the preleases that...

OMV Setting up 28 EV Chargers in Hungary

OMV Hungária Ásványolaj Kft. has announced that the company will start the setup of a network of 28 EV charging...

Number of Registered Jobseekers Down 4% y.o.y. in October

The number of registered jobseekers in Hungary reached 226,233 in October, edging down 0.7% from a month earlier and falling...

Turbine Chooses Corvin Innovation Campus as HQ

Digital biopharma research and development R&D company Turbine has set up its brand-new headquarters in the Corvin Innovation Campus on...

No Trains at Déli Pályaudvar This Weekend

Hungarian State Railways (MÁV) will not operate trains at Budapest's Déli Pályaudvar (Southern Railway Station) on the first weekend of...

Wizz Air’s 1st Direct Budapest-Cairo Flight Takes Off

Discount airline Wizz Air launched its first direct flight from Budapest to Cairo this week, according to a press release...

BMW Inaugurates Training Center at Debrecen Plant

German automaker BMW inaugurated a training center at the EUR 1 billion factory it is building in Debrecen (225 km...

Earnings Need to Double to Draw Hungarians Abroad Back

Earnings in certain jobs should be doubled at home for Hungarians who have migrated abroad to return home, Zoltán Karácsony,...

Foreigners Buy Around 8,000 Homes in Hungary in 2022

Foreign nationals bought about 8,000 homes in Hungary last year, beating the previous record of 7,300 set in 2018, news...

Industrial Producer Prices Down 2.5% y.o.y. in September

Industrial producer prices in Hungary were 2.5% lower on average in September 2023 compared to one year earlier, according to...

Lithuania Retail Sales Fall in September

Lithuanian retail sales shrank by 3.4% year-on-year in September, slipping further from an upwardly revised 1.3% fall in the previous...

Latvia Retail Sales Drop in September

Retail sales in Latvia slid 4.1% year-on-year in September, a seventh consecutive decline, following a 2.7% drop in the prior...

Intermodal Railway Terminals to Open in Hungary in Coming Years

New intermodal railway terminals will be opened in Hungary in the coming years to serve the industrial plants under construction,...

Avg Hourly Rate for Blue-collar Workers up 17.4% in Q3

The average gross hourly pay rate for skilled and unskilled blue-collar workers in Hungary climbed 17.4% to HUF 1,855 in...