Business

Deals

Magnus Aircraft Signs CNY 65 mln Order

Hungary's Magnus Aircraft has signed a CNY 65 million order for 50 of its Fusion aircraft with China's Rizhao Wohe...

New Projects

CultTech Looking to Empower Culture With Tech at ViennaUP

One of ViennaUP’s participating organizations, CultTech Association, is investing big money and big ideas into startups that combine the power...

Office Market

Industrial Market Developing in Cities Across Hungary

Total stock in the Hungarian industrial market had reached 4.7 million sqm as of the end of the first quarter,...

Deals

World Aquatics Signs Agreement on Moving HQ to Budapest

World Aquatics, the world governing body for aquatics, formerly known as Fina, will move its headquarters from Lausanne to Budapest,...

HR

Unemployment Rate at 3.9% in April

In April 2023, the unemployment rate in Hungary stood at 3.9%, according to data published by the Central Statistical Office...

Telco

Magyar Telekom Acquires HUF 14.6 bln of Shares at Buyback Auction

Magyar Telekom accepted offers for HUF 14.6 billion of its shares, the maximum announced amount, at a buyback auction on...

Transport

Wizz Air Launches Budapest-Antalya Route

Wizz Air has launched its first flight from Budapest to Antalya, Turkey. The route, which is the airline's fourth new...

Transport

China Eastern to Launch Ningbo-Budapest Flight

China Eastern will launch a direct passenger flight between Ningbo and Budapest from the middle of June, Minister of Foreign...

Manufacturing

Zalaegerszeg Renames Street ‘Rheinmetall út’

A street at the Zalaegerszeg plant of Rheinmetall Hungary Zrt., a joint venture co-owned by Rheinmetall and the Hungarian state,...

Retail

Poland Retail Sales Falls in April

Poland's retail sales decreased for the third straight month in April, though at a slightly slower-than-expected rate, figures from the...

Manufacturing

Schneider Electric Plows HUF 5.3 bln Into Hungarian Plant

France's Schneider Electric is investing HUF 5.3 bln at its base in Zalaegerszeg (182 km southwest of Budapest), plant director...

Automotive

Rába Closes Q1 With Profit of HUF 1 bln

Hungarian automotive industry company Rába booked a first-quarter profit of HUF 1 billion, an earnings report released after the closing...

Transport

Budapest Clears HUF 24 bln Loan for Public Transport Company

The Budapest municipal council approved a contract for HUF 24 billion in credit between the Budapest Public Transport Center (BKK)...

HR

Polish Employment Slightly up, Wage Drops in April 

Corporate employment in Poland rose 0.4% year-on-year to 6.524 million people in April, topping market estimates of 0.2% growth, although...

Manufacturing

Poland Industrial Output Falls in April

Poland's industrial production declined for the second straight month in April and at the steepest pace in almost three years,...

Deals

Magnus Aircraft Signs CNY 65 mln Order

Hungary's Magnus Aircraft has signed a CNY 65 million order for 50 of its Fusion aircraft with China's Rizhao Wohe...

New Projects

CultTech Looking to Empower Culture With Tech at ViennaUP

One of ViennaUP’s participating organizations, CultTech Association, is investing big money and big ideas into startups that combine the power...

Office Market

Industrial Market Developing in Cities Across Hungary

Total stock in the Hungarian industrial market had reached 4.7 million sqm as of the end of the first quarter,...

Deals

World Aquatics Signs Agreement on Moving HQ to Budapest

World Aquatics, the world governing body for aquatics, formerly known as Fina, will move its headquarters from Lausanne to Budapest,...

HR

Unemployment Rate at 3.9% in April

In April 2023, the unemployment rate in Hungary stood at 3.9%, according to data published by the Central Statistical Office...

Telco

Magyar Telekom Acquires HUF 14.6 bln of Shares at Buyback Auction

Magyar Telekom accepted offers for HUF 14.6 billion of its shares, the maximum announced amount, at a buyback auction on...

Transport

Wizz Air Launches Budapest-Antalya Route

Wizz Air has launched its first flight from Budapest to Antalya, Turkey. The route, which is the airline's fourth new...

Transport

China Eastern to Launch Ningbo-Budapest Flight

China Eastern will launch a direct passenger flight between Ningbo and Budapest from the middle of June, Minister of Foreign...

Manufacturing

Zalaegerszeg Renames Street ‘Rheinmetall út’

A street at the Zalaegerszeg plant of Rheinmetall Hungary Zrt., a joint venture co-owned by Rheinmetall and the Hungarian state,...

Retail

Poland Retail Sales Falls in April

Poland's retail sales decreased for the third straight month in April, though at a slightly slower-than-expected rate, figures from the...

Manufacturing

Schneider Electric Plows HUF 5.3 bln Into Hungarian Plant

France's Schneider Electric is investing HUF 5.3 bln at its base in Zalaegerszeg (182 km southwest of Budapest), plant director...

Automotive

Rába Closes Q1 With Profit of HUF 1 bln

Hungarian automotive industry company Rába booked a first-quarter profit of HUF 1 billion, an earnings report released after the closing...

Transport

Budapest Clears HUF 24 bln Loan for Public Transport Company

The Budapest municipal council approved a contract for HUF 24 billion in credit between the Budapest Public Transport Center (BKK)...

HR

Polish Employment Slightly up, Wage Drops in April 

Corporate employment in Poland rose 0.4% year-on-year to 6.524 million people in April, topping market estimates of 0.2% growth, although...

Manufacturing

Poland Industrial Output Falls in April

Poland's industrial production declined for the second straight month in April and at the steepest pace in almost three years,...

Magnus Aircraft Signs CNY 65 mln Order

Hungary's Magnus Aircraft has signed a CNY 65 million order for 50 of its Fusion aircraft with China's Rizhao Wohe...

CultTech Looking to Empower Culture With Tech at ViennaUP

One of ViennaUP’s participating organizations, CultTech Association, is investing big money and big ideas into startups that combine the power...

Industrial Market Developing in Cities Across Hungary

Total stock in the Hungarian industrial market had reached 4.7 million sqm as of the end of the first quarter,...

World Aquatics Signs Agreement on Moving HQ to Budapest

World Aquatics, the world governing body for aquatics, formerly known as Fina, will move its headquarters from Lausanne to Budapest,...

Unemployment Rate at 3.9% in April

In April 2023, the unemployment rate in Hungary stood at 3.9%, according to data published by the Central Statistical Office...

Magyar Telekom Acquires HUF 14.6 bln of Shares at Buyback Auction

Magyar Telekom accepted offers for HUF 14.6 billion of its shares, the maximum announced amount, at a buyback auction on...

Wizz Air Launches Budapest-Antalya Route

Wizz Air has launched its first flight from Budapest to Antalya, Turkey. The route, which is the airline's fourth new...

China Eastern to Launch Ningbo-Budapest Flight

China Eastern will launch a direct passenger flight between Ningbo and Budapest from the middle of June, Minister of Foreign...

Zalaegerszeg Renames Street ‘Rheinmetall út’

A street at the Zalaegerszeg plant of Rheinmetall Hungary Zrt., a joint venture co-owned by Rheinmetall and the Hungarian state,...

Poland Retail Sales Falls in April

Poland's retail sales decreased for the third straight month in April, though at a slightly slower-than-expected rate, figures from the...

Schneider Electric Plows HUF 5.3 bln Into Hungarian Plant

France's Schneider Electric is investing HUF 5.3 bln at its base in Zalaegerszeg (182 km southwest of Budapest), plant director...

Rába Closes Q1 With Profit of HUF 1 bln

Hungarian automotive industry company Rába booked a first-quarter profit of HUF 1 billion, an earnings report released after the closing...

Budapest Clears HUF 24 bln Loan for Public Transport Company

The Budapest municipal council approved a contract for HUF 24 billion in credit between the Budapest Public Transport Center (BKK)...

Polish Employment Slightly up, Wage Drops in April 

Corporate employment in Poland rose 0.4% year-on-year to 6.524 million people in April, topping market estimates of 0.2% growth, although...

Poland Industrial Output Falls in April

Poland's industrial production declined for the second straight month in April and at the steepest pace in almost three years,...