Business

Manufacturing

Industrial Producer Prices up 34.9% y.o.y. in December

Industrial producer prices in Hungary rose by 34.9% on average in December 2022 compared to one year earlier, according to...

Retail

GVH Fines eMag Operator for Falling Short of Remedial Commitments

Hungary's Competition Office (GVH) on Monday said it fined the operators of online retailer eMag HUF 50 million for failing...

Transport

700 mln Traveled on MÁV-Volán Routes Last Year

Almost 700 million people traveled on routes of the MÁV-Volán group (MÁV-Start, MÁV-HÉV, and Volánbusz) last year, according to profitline.hu....

Retail

Lithuania Retail Sales Decline in December

Lithuania's retail sales decreased for the eighth straight month in December, as both food and non-food sales declined, figures from...

HR

1/5 of Young People Have No Income

A fifth of young people have no income, another 20% receive HUF 100,000-190,000, and 11% reported having more than HUF...

HR

Number of Jobseekers Under Quarter of a Million

The number of registered jobseekers in Hungary reached 243,578 in January, up by 13,233 from the previous month, data released...

Retail

Tesco, Unions Agree on 15% Wage Rise

The management of the local unit of U.K. supermarket chain Tesco reached an agreement with unions on a 15% average...

Deals

Kazakhstan, Hungary Launch Joint Venture Capital Fund

Hungary's Széchenyi Funds and Kazakh-Singaporean venture capital company Steppe Capital signed a declaration on the establishment of a joint Kazakh-Hungarian...

Automotive

AutoWallis Closes Nelson Group Fleet Management Division Acquisition

After the Hungarian Competition Authority (GVH) granted its approval, AutoWallis' acquisition of the Nelson Group’s fleet management division has been...

Retail

Montenegro’s Q4 Retail Sales Rise on Year, Fall on Quarter 

Montenegro's retail sales rose by a real 11.6% year-on-year in the fourth quarter of 2022, the country's Statistical Office (Monstat)...

Interview

Building From a Position of Strength to Drive EV Sales

Since June 2022, Andrea Kővágó-Laky has been managing director of Ford in Hungary and the Czech Republic. The Budapest Business...

Residential

Duna House Boosts Stake in Italian Peer

Listed real estate broker Duna House on Friday said it raised its stake in Italian peer Hgroup from 70% to...

Retail

Border Hungarians Fill up Cheaper Abroad

Hungarians gathering fuel for their cars and other vehicles are filling up over the border in neighboring countries to avoid...

HR

Unemployment Rate at 3.9% in December

The unemployment rate in Hungary rose to 3.9% in December 2022, according to data published by the Central Statistical Office...

Residential

Cordia Successfully Completes Structure of Jade Tower

More than two months ahead of schedule, Cordia, member of Futureal Group - one of the largest property developer and...

Manufacturing

Industrial Producer Prices up 34.9% y.o.y. in December

Industrial producer prices in Hungary rose by 34.9% on average in December 2022 compared to one year earlier, according to...

Retail

GVH Fines eMag Operator for Falling Short of Remedial Commitments

Hungary's Competition Office (GVH) on Monday said it fined the operators of online retailer eMag HUF 50 million for failing...

Transport

700 mln Traveled on MÁV-Volán Routes Last Year

Almost 700 million people traveled on routes of the MÁV-Volán group (MÁV-Start, MÁV-HÉV, and Volánbusz) last year, according to profitline.hu....

Retail

Lithuania Retail Sales Decline in December

Lithuania's retail sales decreased for the eighth straight month in December, as both food and non-food sales declined, figures from...

HR

1/5 of Young People Have No Income

A fifth of young people have no income, another 20% receive HUF 100,000-190,000, and 11% reported having more than HUF...

HR

Number of Jobseekers Under Quarter of a Million

The number of registered jobseekers in Hungary reached 243,578 in January, up by 13,233 from the previous month, data released...

Retail

Tesco, Unions Agree on 15% Wage Rise

The management of the local unit of U.K. supermarket chain Tesco reached an agreement with unions on a 15% average...

Deals

Kazakhstan, Hungary Launch Joint Venture Capital Fund

Hungary's Széchenyi Funds and Kazakh-Singaporean venture capital company Steppe Capital signed a declaration on the establishment of a joint Kazakh-Hungarian...

Automotive

AutoWallis Closes Nelson Group Fleet Management Division Acquisition

After the Hungarian Competition Authority (GVH) granted its approval, AutoWallis' acquisition of the Nelson Group’s fleet management division has been...

Retail

Montenegro’s Q4 Retail Sales Rise on Year, Fall on Quarter 

Montenegro's retail sales rose by a real 11.6% year-on-year in the fourth quarter of 2022, the country's Statistical Office (Monstat)...

Interview

Building From a Position of Strength to Drive EV Sales

Since June 2022, Andrea Kővágó-Laky has been managing director of Ford in Hungary and the Czech Republic. The Budapest Business...

Residential

Duna House Boosts Stake in Italian Peer

Listed real estate broker Duna House on Friday said it raised its stake in Italian peer Hgroup from 70% to...

Retail

Border Hungarians Fill up Cheaper Abroad

Hungarians gathering fuel for their cars and other vehicles are filling up over the border in neighboring countries to avoid...

HR

Unemployment Rate at 3.9% in December

The unemployment rate in Hungary rose to 3.9% in December 2022, according to data published by the Central Statistical Office...

Residential

Cordia Successfully Completes Structure of Jade Tower

More than two months ahead of schedule, Cordia, member of Futureal Group - one of the largest property developer and...

Industrial Producer Prices up 34.9% y.o.y. in December

Industrial producer prices in Hungary rose by 34.9% on average in December 2022 compared to one year earlier, according to...

GVH Fines eMag Operator for Falling Short of Remedial Commitments

Hungary's Competition Office (GVH) on Monday said it fined the operators of online retailer eMag HUF 50 million for failing...

700 mln Traveled on MÁV-Volán Routes Last Year

Almost 700 million people traveled on routes of the MÁV-Volán group (MÁV-Start, MÁV-HÉV, and Volánbusz) last year, according to profitline.hu....

Lithuania Retail Sales Decline in December

Lithuania's retail sales decreased for the eighth straight month in December, as both food and non-food sales declined, figures from...

1/5 of Young People Have No Income

A fifth of young people have no income, another 20% receive HUF 100,000-190,000, and 11% reported having more than HUF...

Number of Jobseekers Under Quarter of a Million

The number of registered jobseekers in Hungary reached 243,578 in January, up by 13,233 from the previous month, data released...

Tesco, Unions Agree on 15% Wage Rise

The management of the local unit of U.K. supermarket chain Tesco reached an agreement with unions on a 15% average...

Kazakhstan, Hungary Launch Joint Venture Capital Fund

Hungary's Széchenyi Funds and Kazakh-Singaporean venture capital company Steppe Capital signed a declaration on the establishment of a joint Kazakh-Hungarian...

AutoWallis Closes Nelson Group Fleet Management Division Acquisition

After the Hungarian Competition Authority (GVH) granted its approval, AutoWallis' acquisition of the Nelson Group’s fleet management division has been...

Montenegro’s Q4 Retail Sales Rise on Year, Fall on Quarter 

Montenegro's retail sales rose by a real 11.6% year-on-year in the fourth quarter of 2022, the country's Statistical Office (Monstat)...

Building From a Position of Strength to Drive EV Sales

Since June 2022, Andrea Kővágó-Laky has been managing director of Ford in Hungary and the Czech Republic. The Budapest Business...

Duna House Boosts Stake in Italian Peer

Listed real estate broker Duna House on Friday said it raised its stake in Italian peer Hgroup from 70% to...

Border Hungarians Fill up Cheaper Abroad

Hungarians gathering fuel for their cars and other vehicles are filling up over the border in neighboring countries to avoid...

Unemployment Rate at 3.9% in December

The unemployment rate in Hungary rose to 3.9% in December 2022, according to data published by the Central Statistical Office...

Cordia Successfully Completes Structure of Jade Tower

More than two months ahead of schedule, Cordia, member of Futureal Group - one of the largest property developer and...