Business

Deals

Waberer’s Acquiring 55% Stake in MD International

Listed Hungarian hauler Waberer's International on Friday announced its wholly-owned unit WSZL signed an agreement to acquire a 55% stake...

Manufacturing

Industrial Production Falls in August

The volume of industrial production dropped in August 2023 by 5.3% year-on-year. Based on working-day-adjusted data, production declined by 6.1%,...

Sustainability

The Best Ingredients for the Workplace of the Future

Dutcham recently organized an interactive workshop in collaboration with renowned Hungarian architect firm DVM group and their Dutch partner, Ditt...

Transport

Wizz Air Suspends Hungary-Israel Flights

Wizz Air has suspended flights between Hungary and Tel Aviv because of the escalation of the conflict in Israel, the...

Interview

World Championships Ensure Packed Launch for Radisson Hotel BudaPart

The management behind the new Radisson Hotel in BudaPart interviewed 300 candidates to find a “World Championship” team. General manager...

Residential

Duna House Commissions Revenue Climbs 6% in Q3

Commissions revenue of Duna House's franchise network rose 6% year-on-year to HUF 3.3 billion in the third quarter, the listed...

Retail

Traditional Stores Still More Popular Than Online Shops

The rise of e-commerce solutions has led many in the retail industry to believe that traditional stores are on the...

Automotive

AutoWallis Becomes Regional MG Parts Distribution Partner

Saic Motor and the AutoWallis Group have entered into an agreement making the Hungarian company MG’s vehicle parts distribution partner...

Retail

Romania Retail Sales Slightly up in August

Retail sales in Romania rose 1.1% year-on-year in August, easing from an upwardly revised 1.4% increase in the previous month,...

Deals

Roche, University of Pécs Sign Cooperation Deal

One of the world's largest biotechnology companies and Hungary's oldest university signed a cooperation agreement in Pécs on Wednesday. The...

Retail

Slovak Retail Trade Shrinks Less in August

Retail sales in Slovakia fell by 2.1% year-on-year in August, easing from a 4.4% plunge in the prior month, data...

Manufacturing

Estonian Industrial Output Shrinks at Faster Pace in August

Estonia's industrial production dropped 11.9% year-on-year in August, following a 9.5% fall in the prior month, data from the Tallinn-based...

Deals

State Selling Stake in Magyar Posta Life Insurance Units

State-owned Corvinus International Investment has launched the sale of its 66.9% stakes in the life and general insurance units of...

Logistics

Faedra22 Business and Industrial Park Handed Over and Fully Leased

The nearly 16,500 sqm Grade “A” category, light industrial and logistics facility, Faedra22 was handed over in Budapest during the...

Innovation

AI Awareness High in Hungary, While Usage Remains Low

A significant majority of Hungarians (91%) have heard of artificial intelligence, but only 12% have used a program based on...

Deals

Waberer’s Acquiring 55% Stake in MD International

Listed Hungarian hauler Waberer's International on Friday announced its wholly-owned unit WSZL signed an agreement to acquire a 55% stake...

Manufacturing

Industrial Production Falls in August

The volume of industrial production dropped in August 2023 by 5.3% year-on-year. Based on working-day-adjusted data, production declined by 6.1%,...

Sustainability

The Best Ingredients for the Workplace of the Future

Dutcham recently organized an interactive workshop in collaboration with renowned Hungarian architect firm DVM group and their Dutch partner, Ditt...

Transport

Wizz Air Suspends Hungary-Israel Flights

Wizz Air has suspended flights between Hungary and Tel Aviv because of the escalation of the conflict in Israel, the...

Interview

World Championships Ensure Packed Launch for Radisson Hotel BudaPart

The management behind the new Radisson Hotel in BudaPart interviewed 300 candidates to find a “World Championship” team. General manager...

Residential

Duna House Commissions Revenue Climbs 6% in Q3

Commissions revenue of Duna House's franchise network rose 6% year-on-year to HUF 3.3 billion in the third quarter, the listed...

Retail

Traditional Stores Still More Popular Than Online Shops

The rise of e-commerce solutions has led many in the retail industry to believe that traditional stores are on the...

Automotive

AutoWallis Becomes Regional MG Parts Distribution Partner

Saic Motor and the AutoWallis Group have entered into an agreement making the Hungarian company MG’s vehicle parts distribution partner...

Retail

Romania Retail Sales Slightly up in August

Retail sales in Romania rose 1.1% year-on-year in August, easing from an upwardly revised 1.4% increase in the previous month,...

Deals

Roche, University of Pécs Sign Cooperation Deal

One of the world's largest biotechnology companies and Hungary's oldest university signed a cooperation agreement in Pécs on Wednesday. The...

Retail

Slovak Retail Trade Shrinks Less in August

Retail sales in Slovakia fell by 2.1% year-on-year in August, easing from a 4.4% plunge in the prior month, data...

Manufacturing

Estonian Industrial Output Shrinks at Faster Pace in August

Estonia's industrial production dropped 11.9% year-on-year in August, following a 9.5% fall in the prior month, data from the Tallinn-based...

Deals

State Selling Stake in Magyar Posta Life Insurance Units

State-owned Corvinus International Investment has launched the sale of its 66.9% stakes in the life and general insurance units of...

Logistics

Faedra22 Business and Industrial Park Handed Over and Fully Leased

The nearly 16,500 sqm Grade “A” category, light industrial and logistics facility, Faedra22 was handed over in Budapest during the...

Innovation

AI Awareness High in Hungary, While Usage Remains Low

A significant majority of Hungarians (91%) have heard of artificial intelligence, but only 12% have used a program based on...

Waberer’s Acquiring 55% Stake in MD International

Listed Hungarian hauler Waberer's International on Friday announced its wholly-owned unit WSZL signed an agreement to acquire a 55% stake...

Industrial Production Falls in August

The volume of industrial production dropped in August 2023 by 5.3% year-on-year. Based on working-day-adjusted data, production declined by 6.1%,...

The Best Ingredients for the Workplace of the Future

Dutcham recently organized an interactive workshop in collaboration with renowned Hungarian architect firm DVM group and their Dutch partner, Ditt...

Wizz Air Suspends Hungary-Israel Flights

Wizz Air has suspended flights between Hungary and Tel Aviv because of the escalation of the conflict in Israel, the...

World Championships Ensure Packed Launch for Radisson Hotel BudaPart

The management behind the new Radisson Hotel in BudaPart interviewed 300 candidates to find a “World Championship” team. General manager...

Duna House Commissions Revenue Climbs 6% in Q3

Commissions revenue of Duna House's franchise network rose 6% year-on-year to HUF 3.3 billion in the third quarter, the listed...

Traditional Stores Still More Popular Than Online Shops

The rise of e-commerce solutions has led many in the retail industry to believe that traditional stores are on the...

AutoWallis Becomes Regional MG Parts Distribution Partner

Saic Motor and the AutoWallis Group have entered into an agreement making the Hungarian company MG’s vehicle parts distribution partner...

Romania Retail Sales Slightly up in August

Retail sales in Romania rose 1.1% year-on-year in August, easing from an upwardly revised 1.4% increase in the previous month,...

Roche, University of Pécs Sign Cooperation Deal

One of the world's largest biotechnology companies and Hungary's oldest university signed a cooperation agreement in Pécs on Wednesday. The...

Slovak Retail Trade Shrinks Less in August

Retail sales in Slovakia fell by 2.1% year-on-year in August, easing from a 4.4% plunge in the prior month, data...

Estonian Industrial Output Shrinks at Faster Pace in August

Estonia's industrial production dropped 11.9% year-on-year in August, following a 9.5% fall in the prior month, data from the Tallinn-based...

State Selling Stake in Magyar Posta Life Insurance Units

State-owned Corvinus International Investment has launched the sale of its 66.9% stakes in the life and general insurance units of...

Faedra22 Business and Industrial Park Handed Over and Fully Leased

The nearly 16,500 sqm Grade “A” category, light industrial and logistics facility, Faedra22 was handed over in Budapest during the...

AI Awareness High in Hungary, While Usage Remains Low

A significant majority of Hungarians (91%) have heard of artificial intelligence, but only 12% have used a program based on...