Business

Transport

Bicycle Insurance Difficult to Find

Although 40% of the Hungarian population uses bicycles at least weekly, it is still not easy to find insurance in...

Innovation

IVSZ Warns of High Cost of Compliance With EU AI Act

Hungarian ICT association IVSZ warned that the European Union's draft Artificial Intelligence Act could hold back the advance of AI...

Transport

Number of Direct Flights Between Hungary, China to Double

An agreement reached between Hungary and China will double the number of direct passenger and cargo flights between the two...

HR

Estonian Jobless Rate Edges Down in Q1

Estonia's unemployment rate ticked lower to 5.3% in the first quarter of 2023, from 5.5% in the corresponding period of...

Retail

Online Retail Sales in Hungary Climb 10% in 2022

Online retail sales in Hungary rose 10% to gross HUF 1.323 trillion last year, research by consultancy GKID and Mastercard...

HR

HBLF Participating in EU Diversity Month for 6th Time

The Hungarian Business Leaders Forum (HBLF) is participating in the EU Diversity Month, which aims at breaking down prejudices and...

Transport

Over 300,000 Combined Public Transport Passes Sold

More than 300,000 monthly passes for all public transport in either a single county or the whole country have been...

Manufacturing

Automotive Industry Output up 23.5% in March

The output of the automotive industry, Hungary's biggest manufacturing sector, rose 23.5% year-on-year in March, according to a detailed data...

Construction

Hungary Construction Output Volume Shrinks in March

According to raw data, the volume of construction output in March 2023 lagged behind the previous year’s level by 9.8%,...

Construction

Slovak Construction Output Shrinks in April

Construction output in Slovakia shrank 10.1% year-on-year in April, reversing from a 9.2% growth in the previous month, data from...

Manufacturing

Lithuania Producer Prices Fall in April 

Producer prices in Lithuania fell 0.3% year-on-year in April, reversing from an upwardly revised 6.8% increase in the previous month,...

Innovation

Hungarian Businesses Turn to Outsourcing to Cut IT Costs

As the world continued to experience the direct and indirect impacts of global events, IT costs are on the rise...

Fintech

GVH Orders Fizetési Pont to Offer Rebates 

Hungary's Competition Office (GVH) yesterday said it ordered bank card terminal operator Fizetési Pont to offer clients rebates for conducting...

Deals

MCC Acquires Stake in Private Int’l Uni in Vienna

Mathias Corvinus Collegium (MCC), an interdisciplinary educational institution that seeks to foster talent in the Carpathian Basin, has acquired a...

Deals

Ikarus Signs MoU With Azeri Company

Hungarian bus manufacturer Ikarus and Azerbaijan's Sumgait Technologies Park LLC signed a memorandum of understanding, according to business daily Világgazdaság....

Transport

Bicycle Insurance Difficult to Find

Although 40% of the Hungarian population uses bicycles at least weekly, it is still not easy to find insurance in...

Innovation

IVSZ Warns of High Cost of Compliance With EU AI Act

Hungarian ICT association IVSZ warned that the European Union's draft Artificial Intelligence Act could hold back the advance of AI...

Transport

Number of Direct Flights Between Hungary, China to Double

An agreement reached between Hungary and China will double the number of direct passenger and cargo flights between the two...

HR

Estonian Jobless Rate Edges Down in Q1

Estonia's unemployment rate ticked lower to 5.3% in the first quarter of 2023, from 5.5% in the corresponding period of...

Retail

Online Retail Sales in Hungary Climb 10% in 2022

Online retail sales in Hungary rose 10% to gross HUF 1.323 trillion last year, research by consultancy GKID and Mastercard...

HR

HBLF Participating in EU Diversity Month for 6th Time

The Hungarian Business Leaders Forum (HBLF) is participating in the EU Diversity Month, which aims at breaking down prejudices and...

Transport

Over 300,000 Combined Public Transport Passes Sold

More than 300,000 monthly passes for all public transport in either a single county or the whole country have been...

Manufacturing

Automotive Industry Output up 23.5% in March

The output of the automotive industry, Hungary's biggest manufacturing sector, rose 23.5% year-on-year in March, according to a detailed data...

Construction

Hungary Construction Output Volume Shrinks in March

According to raw data, the volume of construction output in March 2023 lagged behind the previous year’s level by 9.8%,...

Construction

Slovak Construction Output Shrinks in April

Construction output in Slovakia shrank 10.1% year-on-year in April, reversing from a 9.2% growth in the previous month, data from...

Manufacturing

Lithuania Producer Prices Fall in April 

Producer prices in Lithuania fell 0.3% year-on-year in April, reversing from an upwardly revised 6.8% increase in the previous month,...

Innovation

Hungarian Businesses Turn to Outsourcing to Cut IT Costs

As the world continued to experience the direct and indirect impacts of global events, IT costs are on the rise...

Fintech

GVH Orders Fizetési Pont to Offer Rebates 

Hungary's Competition Office (GVH) yesterday said it ordered bank card terminal operator Fizetési Pont to offer clients rebates for conducting...

Deals

MCC Acquires Stake in Private Int’l Uni in Vienna

Mathias Corvinus Collegium (MCC), an interdisciplinary educational institution that seeks to foster talent in the Carpathian Basin, has acquired a...

Deals

Ikarus Signs MoU With Azeri Company

Hungarian bus manufacturer Ikarus and Azerbaijan's Sumgait Technologies Park LLC signed a memorandum of understanding, according to business daily Világgazdaság....

Bicycle Insurance Difficult to Find

Although 40% of the Hungarian population uses bicycles at least weekly, it is still not easy to find insurance in...

IVSZ Warns of High Cost of Compliance With EU AI Act

Hungarian ICT association IVSZ warned that the European Union's draft Artificial Intelligence Act could hold back the advance of AI...

Number of Direct Flights Between Hungary, China to Double

An agreement reached between Hungary and China will double the number of direct passenger and cargo flights between the two...

Estonian Jobless Rate Edges Down in Q1

Estonia's unemployment rate ticked lower to 5.3% in the first quarter of 2023, from 5.5% in the corresponding period of...

Online Retail Sales in Hungary Climb 10% in 2022

Online retail sales in Hungary rose 10% to gross HUF 1.323 trillion last year, research by consultancy GKID and Mastercard...

HBLF Participating in EU Diversity Month for 6th Time

The Hungarian Business Leaders Forum (HBLF) is participating in the EU Diversity Month, which aims at breaking down prejudices and...

Over 300,000 Combined Public Transport Passes Sold

More than 300,000 monthly passes for all public transport in either a single county or the whole country have been...

Automotive Industry Output up 23.5% in March

The output of the automotive industry, Hungary's biggest manufacturing sector, rose 23.5% year-on-year in March, according to a detailed data...

Hungary Construction Output Volume Shrinks in March

According to raw data, the volume of construction output in March 2023 lagged behind the previous year’s level by 9.8%,...

Slovak Construction Output Shrinks in April

Construction output in Slovakia shrank 10.1% year-on-year in April, reversing from a 9.2% growth in the previous month, data from...

Lithuania Producer Prices Fall in April 

Producer prices in Lithuania fell 0.3% year-on-year in April, reversing from an upwardly revised 6.8% increase in the previous month,...

Hungarian Businesses Turn to Outsourcing to Cut IT Costs

As the world continued to experience the direct and indirect impacts of global events, IT costs are on the rise...

GVH Orders Fizetési Pont to Offer Rebates 

Hungary's Competition Office (GVH) yesterday said it ordered bank card terminal operator Fizetési Pont to offer clients rebates for conducting...

MCC Acquires Stake in Private Int’l Uni in Vienna

Mathias Corvinus Collegium (MCC), an interdisciplinary educational institution that seeks to foster talent in the Carpathian Basin, has acquired a...

Ikarus Signs MoU With Azeri Company

Hungarian bus manufacturer Ikarus and Azerbaijan's Sumgait Technologies Park LLC signed a memorandum of understanding, according to business daily Világgazdaság....