Business

Manufacturing

Latvia Industrial Output Drops in March 

Latvia's industrial production plunged by 6.3% year-on-year in March widening a 2.2% drop in the previous month, data released from...

Automotive

China’s Eve Power to Build HUF 400 bln Battery Plant in Hungary

China's Eve Power, the ninth-biggest battery maker in the world, will invest around HUF 400 billion in its first plant...

Deals

Int’l Player Acquires Company Managing Hungarian Influencers

A U.S.-based media and entertainment company targeting Generation Z has acquired Special Effects Media, according to a press release sent...

Appointments

Levente Hegedűs Promoted to Partner at Kinstellar

Law firm Kinstellar has announced the promotion of Levente Hegedűs to partner at its Budapest office....

Manufacturing

Industrial Production in Hungary Down 4.1% y.o.y. in March

The volume of industrial production declined in March 2023 by 4.1% year-on-year in Hungary, according to raw data by the...

Retail

GVH Issues Recommendations to Ease Non-perishables Prices

Hungary's Competition Office (GVH) has issued recommendations to rein in the prices of non-perishables and frozen foods, according to a...

Retail

Slovak Retail Sales Fall in March 

Retail sales in Slovakia dropped 6% year-on-year in March, the steepest decline since February 2021, following a 2.5% fall in...

Transport

Waberer’s Q1 Earnings Climb on Wider Margins

Net income of listed hauler Waberer's International reached EUR 10.4 million in the first quarter, climbing from EUR 1.7 mln...

Retail

Price-monitoring Platform to Launch July 1

An online price-monitoring platform that aims to improve transparency, boost competition and prevent overpricing among food retailers will launch on...

Logistics

GLS Hungary Inaugurates 1000th Parcel Terminal

GLS Hungary has raised its number of parcel terminals to 1,000 with the inauguration of one in the Allee shopping...

Manufacturing

Estonian Industrial Output Shrinks in March

Estonia's industrial production shrank 12.6% year-on-year in March, following an upwardly revised 7.5% fall in the previous month, data from...

Construction

Home Building Permits in Q1 Falls 37.6% y.o.y.

The number of home building permits issued in Hungary fell 37.6% year-on-year to 4,989 in the first quarter, according to...

Interview

Market Talk: Economic Challenges Shake a Tight Labor Market for Recruiters

Recruiters are confronted with a changed industry, with processes significantly altered after the pandemic. Furthermore, the post-COVID environment, hammered by...

Interview

Market Talk: Temp Recruitment Agencies say Labor Markets Busier Than Pre-Pandemic

During the pandemic, businesses were more inclined to let temporary workers go first, which flooded the labor market with talent....

Pharma

Novartis to set up Regional R&D Center in Budapest

Novartis, one of the world's leading pharmaceutical companies, is planning to set up a new R&D center in Budapest, which...

Manufacturing

Latvia Industrial Output Drops in March 

Latvia's industrial production plunged by 6.3% year-on-year in March widening a 2.2% drop in the previous month, data released from...

Automotive

China’s Eve Power to Build HUF 400 bln Battery Plant in Hungary

China's Eve Power, the ninth-biggest battery maker in the world, will invest around HUF 400 billion in its first plant...

Deals

Int’l Player Acquires Company Managing Hungarian Influencers

A U.S.-based media and entertainment company targeting Generation Z has acquired Special Effects Media, according to a press release sent...

Appointments

Levente Hegedűs Promoted to Partner at Kinstellar

Law firm Kinstellar has announced the promotion of Levente Hegedűs to partner at its Budapest office....

Manufacturing

Industrial Production in Hungary Down 4.1% y.o.y. in March

The volume of industrial production declined in March 2023 by 4.1% year-on-year in Hungary, according to raw data by the...

Retail

GVH Issues Recommendations to Ease Non-perishables Prices

Hungary's Competition Office (GVH) has issued recommendations to rein in the prices of non-perishables and frozen foods, according to a...

Retail

Slovak Retail Sales Fall in March 

Retail sales in Slovakia dropped 6% year-on-year in March, the steepest decline since February 2021, following a 2.5% fall in...

Transport

Waberer’s Q1 Earnings Climb on Wider Margins

Net income of listed hauler Waberer's International reached EUR 10.4 million in the first quarter, climbing from EUR 1.7 mln...

Retail

Price-monitoring Platform to Launch July 1

An online price-monitoring platform that aims to improve transparency, boost competition and prevent overpricing among food retailers will launch on...

Logistics

GLS Hungary Inaugurates 1000th Parcel Terminal

GLS Hungary has raised its number of parcel terminals to 1,000 with the inauguration of one in the Allee shopping...

Manufacturing

Estonian Industrial Output Shrinks in March

Estonia's industrial production shrank 12.6% year-on-year in March, following an upwardly revised 7.5% fall in the previous month, data from...

Construction

Home Building Permits in Q1 Falls 37.6% y.o.y.

The number of home building permits issued in Hungary fell 37.6% year-on-year to 4,989 in the first quarter, according to...

Interview

Market Talk: Economic Challenges Shake a Tight Labor Market for Recruiters

Recruiters are confronted with a changed industry, with processes significantly altered after the pandemic. Furthermore, the post-COVID environment, hammered by...

Interview

Market Talk: Temp Recruitment Agencies say Labor Markets Busier Than Pre-Pandemic

During the pandemic, businesses were more inclined to let temporary workers go first, which flooded the labor market with talent....

Pharma

Novartis to set up Regional R&D Center in Budapest

Novartis, one of the world's leading pharmaceutical companies, is planning to set up a new R&D center in Budapest, which...

Latvia Industrial Output Drops in March 

Latvia's industrial production plunged by 6.3% year-on-year in March widening a 2.2% drop in the previous month, data released from...

China’s Eve Power to Build HUF 400 bln Battery Plant in Hungary

China's Eve Power, the ninth-biggest battery maker in the world, will invest around HUF 400 billion in its first plant...

Int’l Player Acquires Company Managing Hungarian Influencers

A U.S.-based media and entertainment company targeting Generation Z has acquired Special Effects Media, according to a press release sent...

Levente Hegedűs Promoted to Partner at Kinstellar

Law firm Kinstellar has announced the promotion of Levente Hegedűs to partner at its Budapest office....

Industrial Production in Hungary Down 4.1% y.o.y. in March

The volume of industrial production declined in March 2023 by 4.1% year-on-year in Hungary, according to raw data by the...

GVH Issues Recommendations to Ease Non-perishables Prices

Hungary's Competition Office (GVH) has issued recommendations to rein in the prices of non-perishables and frozen foods, according to a...

Slovak Retail Sales Fall in March 

Retail sales in Slovakia dropped 6% year-on-year in March, the steepest decline since February 2021, following a 2.5% fall in...

Waberer’s Q1 Earnings Climb on Wider Margins

Net income of listed hauler Waberer's International reached EUR 10.4 million in the first quarter, climbing from EUR 1.7 mln...

Price-monitoring Platform to Launch July 1

An online price-monitoring platform that aims to improve transparency, boost competition and prevent overpricing among food retailers will launch on...

GLS Hungary Inaugurates 1000th Parcel Terminal

GLS Hungary has raised its number of parcel terminals to 1,000 with the inauguration of one in the Allee shopping...

Estonian Industrial Output Shrinks in March

Estonia's industrial production shrank 12.6% year-on-year in March, following an upwardly revised 7.5% fall in the previous month, data from...

Home Building Permits in Q1 Falls 37.6% y.o.y.

The number of home building permits issued in Hungary fell 37.6% year-on-year to 4,989 in the first quarter, according to...

Market Talk: Economic Challenges Shake a Tight Labor Market for Recruiters

Recruiters are confronted with a changed industry, with processes significantly altered after the pandemic. Furthermore, the post-COVID environment, hammered by...

Market Talk: Temp Recruitment Agencies say Labor Markets Busier Than Pre-Pandemic

During the pandemic, businesses were more inclined to let temporary workers go first, which flooded the labor market with talent....

Novartis to set up Regional R&D Center in Budapest

Novartis, one of the world's leading pharmaceutical companies, is planning to set up a new R&D center in Budapest, which...