Business

Appointments

Dentons Strengthens Budapest Dispute Resolution and Arbitration Team

Global law firm Dentons has strengthened its Litigation, Dispute Resolution, and Arbitration in Budapest with the recruitment of litigation partner...

Residential

Successful Share Issue of Wing’s Subsidiary in Poland

Archicom, a company of Echo Investment Group focusing on residential developments, raised PLN 220 million in a new share issue....

Retail

Retail Sales Down 7.1% y.o.y. in August

In August 2023, retail sales in Hungary decreased by 7% according to raw data, and by 7.1% when adjusted for...

HR

Romania Jobless Rate Slightly Down in August

Romania's seasonally adjusted unemployment rate edged down to 5.4% in August from a 5.5% rise in the previous month, data...

Science

Hungarian-born Physicist Ferenc Krausz Shares Nobel Prize

The Hungarian-born physicist Ferenc Krausz was announced the joint winner, together with his French colleagues Pierre Agostini and Anne L'Huillier,...

Appointments

KPMG Announces 2 Partner Appointments

KPMG Hungary has announced the appointment of two new partners as of October 1, 2023. Ildikó Takács is the new...

Deals

4iG Signs MoU With Telecom Egypt on Submarine Cable

Listed Hungarian ICT company 4iG signed a memorandum of understanding with Telecom Egypt on the construction of a high-capacity submarine...

Manufacturing

Czech Manufacturing Contraction Continues in September

The Czech Republic's manufacturing sector continued its diminishing trend in September amid marked declines in output and new orders, survey...

Manufacturing

Poland Factory Activity Contraction Slightly Eases in Sep

Poland's manufacturing Purchasing Managers' Index (PMI) edged up to 43.9 in September, slightly easing from a 10-month low of 43.1...

Deals

EC Clears Acquisition of Dunaferr by Liberty Steel

The European Commission on Tuesday approved the acquisition of sole control of Hungarian steel maker ISD Dunaferr and blast furnace...

Appointments

Norbert Schőmer Appointed Atenor Hungary Country Director

Real estate developer Atenor has announced the appointment of Norbert Schőmer as its new country director for Hungary....

Retail

Serbia Retail Sales Fall in August

Serbia's retail sales decreased by a real 1.5% year-on-year at constant prices in August, after falling by an annual 3.2%...

HR

Labor Unions Welcome Collective Contracts Court Decision

Labor unions welcomed a decision by the Constitutional Court annulling provisions of the Labor Code affecting collective contracts, the National...

Transport

ÖBB Detaches Hungarian Direct Trains Due to Delays

ÖBB, the Austrian railway company, is to detach all Hungarian direct trains from the Western European network because of excessive...

Manufacturing

Thyssenkrupp Plans HUF 23 bln Expansion in Hungary

Germany's Thyssenkrupp plans a HUF 23 billion expansion at its camshaft and steering system plant in Jászfényszaru, Minister of Foreign...

Appointments

Dentons Strengthens Budapest Dispute Resolution and Arbitration Team

Global law firm Dentons has strengthened its Litigation, Dispute Resolution, and Arbitration in Budapest with the recruitment of litigation partner...

Residential

Successful Share Issue of Wing’s Subsidiary in Poland

Archicom, a company of Echo Investment Group focusing on residential developments, raised PLN 220 million in a new share issue....

Retail

Retail Sales Down 7.1% y.o.y. in August

In August 2023, retail sales in Hungary decreased by 7% according to raw data, and by 7.1% when adjusted for...

HR

Romania Jobless Rate Slightly Down in August

Romania's seasonally adjusted unemployment rate edged down to 5.4% in August from a 5.5% rise in the previous month, data...

Science

Hungarian-born Physicist Ferenc Krausz Shares Nobel Prize

The Hungarian-born physicist Ferenc Krausz was announced the joint winner, together with his French colleagues Pierre Agostini and Anne L'Huillier,...

Appointments

KPMG Announces 2 Partner Appointments

KPMG Hungary has announced the appointment of two new partners as of October 1, 2023. Ildikó Takács is the new...

Deals

4iG Signs MoU With Telecom Egypt on Submarine Cable

Listed Hungarian ICT company 4iG signed a memorandum of understanding with Telecom Egypt on the construction of a high-capacity submarine...

Manufacturing

Czech Manufacturing Contraction Continues in September

The Czech Republic's manufacturing sector continued its diminishing trend in September amid marked declines in output and new orders, survey...

Manufacturing

Poland Factory Activity Contraction Slightly Eases in Sep

Poland's manufacturing Purchasing Managers' Index (PMI) edged up to 43.9 in September, slightly easing from a 10-month low of 43.1...

Deals

EC Clears Acquisition of Dunaferr by Liberty Steel

The European Commission on Tuesday approved the acquisition of sole control of Hungarian steel maker ISD Dunaferr and blast furnace...

Appointments

Norbert Schőmer Appointed Atenor Hungary Country Director

Real estate developer Atenor has announced the appointment of Norbert Schőmer as its new country director for Hungary....

Retail

Serbia Retail Sales Fall in August

Serbia's retail sales decreased by a real 1.5% year-on-year at constant prices in August, after falling by an annual 3.2%...

HR

Labor Unions Welcome Collective Contracts Court Decision

Labor unions welcomed a decision by the Constitutional Court annulling provisions of the Labor Code affecting collective contracts, the National...

Transport

ÖBB Detaches Hungarian Direct Trains Due to Delays

ÖBB, the Austrian railway company, is to detach all Hungarian direct trains from the Western European network because of excessive...

Manufacturing

Thyssenkrupp Plans HUF 23 bln Expansion in Hungary

Germany's Thyssenkrupp plans a HUF 23 billion expansion at its camshaft and steering system plant in Jászfényszaru, Minister of Foreign...

Dentons Strengthens Budapest Dispute Resolution and Arbitration Team

Global law firm Dentons has strengthened its Litigation, Dispute Resolution, and Arbitration in Budapest with the recruitment of litigation partner...

Successful Share Issue of Wing’s Subsidiary in Poland

Archicom, a company of Echo Investment Group focusing on residential developments, raised PLN 220 million in a new share issue....

Retail Sales Down 7.1% y.o.y. in August

In August 2023, retail sales in Hungary decreased by 7% according to raw data, and by 7.1% when adjusted for...

Romania Jobless Rate Slightly Down in August

Romania's seasonally adjusted unemployment rate edged down to 5.4% in August from a 5.5% rise in the previous month, data...

Hungarian-born Physicist Ferenc Krausz Shares Nobel Prize

The Hungarian-born physicist Ferenc Krausz was announced the joint winner, together with his French colleagues Pierre Agostini and Anne L'Huillier,...

KPMG Announces 2 Partner Appointments

KPMG Hungary has announced the appointment of two new partners as of October 1, 2023. Ildikó Takács is the new...

4iG Signs MoU With Telecom Egypt on Submarine Cable

Listed Hungarian ICT company 4iG signed a memorandum of understanding with Telecom Egypt on the construction of a high-capacity submarine...

Czech Manufacturing Contraction Continues in September

The Czech Republic's manufacturing sector continued its diminishing trend in September amid marked declines in output and new orders, survey...

Poland Factory Activity Contraction Slightly Eases in Sep

Poland's manufacturing Purchasing Managers' Index (PMI) edged up to 43.9 in September, slightly easing from a 10-month low of 43.1...

EC Clears Acquisition of Dunaferr by Liberty Steel

The European Commission on Tuesday approved the acquisition of sole control of Hungarian steel maker ISD Dunaferr and blast furnace...

Norbert Schőmer Appointed Atenor Hungary Country Director

Real estate developer Atenor has announced the appointment of Norbert Schőmer as its new country director for Hungary....

Serbia Retail Sales Fall in August

Serbia's retail sales decreased by a real 1.5% year-on-year at constant prices in August, after falling by an annual 3.2%...

Labor Unions Welcome Collective Contracts Court Decision

Labor unions welcomed a decision by the Constitutional Court annulling provisions of the Labor Code affecting collective contracts, the National...

ÖBB Detaches Hungarian Direct Trains Due to Delays

ÖBB, the Austrian railway company, is to detach all Hungarian direct trains from the Western European network because of excessive...

Thyssenkrupp Plans HUF 23 bln Expansion in Hungary

Germany's Thyssenkrupp plans a HUF 23 billion expansion at its camshaft and steering system plant in Jászfényszaru, Minister of Foreign...