Business

Manufacturing

Slovakia industrial output shrinks in April 

Slovakia's industrial production shrank by 9.6% from a year earlier in April, following a revised 7.2% fall in the previous...

Inside View

Low-tax company formation in Hungary

Hungary is an emerging low-tax jurisdiction. The corporate tax rate is just 9%, whilst holding type income is not subject...

Transport

Passenger transport volume rebounds in Q1

First-quarter passenger transport volume in Hungary rose 69% year-on-year to 4.9 billion passenger-kilometers, but was still 27% under the volume...

Retail

One of Buda’s most popular farmers’ markets goes digital

Czakó Farmer's Market and Mastercard are working together to enable customers to pay electronically at all stalls, whether by instant...

Pharma

COVID vaccination days at hospitals on Fridays only 

Due to the retreat of the pandemic and the high vaccination rate, there will be vaccination days at hospital checkpoints...

Automotive

Annual compulsory vehicle insurance premiums down 0.4%

Hungarian motorists' annual compulsory vehicle insurance premiums inched down 0.4% year-on-year in the first quarter on a steep drop in...

Residential

7.8% ‘certain’ to use home renovation subsidies by yearend

A survey by economic research institute GKI and building materials maker Masterplast shows 7.8% of Hungarian households are "certain" to...

Retail

Diageo Celebrates 20 years in Budapest

Diageo, a leading company in the production and distribution of alcoholic beverages, has celebrated its 20th anniversary in Budapest with...

Innovation

Digital Turnaround Needed in SME Sector

The majority of small- and medium-sized enterprises, including nearly two-thirds of mid-sized companies, say they need to take more decisive...

Deals

Pannonia Bio Says it Continues to Invest in Biorefinery Future

Despite a challenging year, the owner of Europe’s largest biorefinery says it is continuing transformative investments into food chain resilience...

Transport

Freight volume falls almost 4% in Q1

Freight volume in Hungary fell 3.7% year-on-year to 69.9 million tonnes in the first quarter, state news wire MTI reports,...

Office Market

CEE Investments Return to Pre-pandemic Levels in Q1

At EUR 2.83 billion for the first quarter of the year, Central and Eastern European (Bulgaria, the Czech Republic, Hungary,...

Sustainability

New Definition of ESG Adapted to Hungarian Conditions

There has been no centralized guideline for ESG criteria that everybody accepts and can adopt. Therefore, a clear definition and...

Manufacturing

Continest Technologies doubled turnover in 2021

Continest Technologies, a company that develops and manufactures unique foldable container technology, closed the year 2021 with a total revenue...

Residential

Close to 1/3 of home construction, renovation projects overbudget

Around 32% of Hungarians building or renovating homes have had to pay more than planned because of the shortage of...

Manufacturing

Slovakia industrial output shrinks in April 

Slovakia's industrial production shrank by 9.6% from a year earlier in April, following a revised 7.2% fall in the previous...

Inside View

Low-tax company formation in Hungary

Hungary is an emerging low-tax jurisdiction. The corporate tax rate is just 9%, whilst holding type income is not subject...

Transport

Passenger transport volume rebounds in Q1

First-quarter passenger transport volume in Hungary rose 69% year-on-year to 4.9 billion passenger-kilometers, but was still 27% under the volume...

Retail

One of Buda’s most popular farmers’ markets goes digital

Czakó Farmer's Market and Mastercard are working together to enable customers to pay electronically at all stalls, whether by instant...

Pharma

COVID vaccination days at hospitals on Fridays only 

Due to the retreat of the pandemic and the high vaccination rate, there will be vaccination days at hospital checkpoints...

Automotive

Annual compulsory vehicle insurance premiums down 0.4%

Hungarian motorists' annual compulsory vehicle insurance premiums inched down 0.4% year-on-year in the first quarter on a steep drop in...

Residential

7.8% ‘certain’ to use home renovation subsidies by yearend

A survey by economic research institute GKI and building materials maker Masterplast shows 7.8% of Hungarian households are "certain" to...

Retail

Diageo Celebrates 20 years in Budapest

Diageo, a leading company in the production and distribution of alcoholic beverages, has celebrated its 20th anniversary in Budapest with...

Innovation

Digital Turnaround Needed in SME Sector

The majority of small- and medium-sized enterprises, including nearly two-thirds of mid-sized companies, say they need to take more decisive...

Deals

Pannonia Bio Says it Continues to Invest in Biorefinery Future

Despite a challenging year, the owner of Europe’s largest biorefinery says it is continuing transformative investments into food chain resilience...

Transport

Freight volume falls almost 4% in Q1

Freight volume in Hungary fell 3.7% year-on-year to 69.9 million tonnes in the first quarter, state news wire MTI reports,...

Office Market

CEE Investments Return to Pre-pandemic Levels in Q1

At EUR 2.83 billion for the first quarter of the year, Central and Eastern European (Bulgaria, the Czech Republic, Hungary,...

Sustainability

New Definition of ESG Adapted to Hungarian Conditions

There has been no centralized guideline for ESG criteria that everybody accepts and can adopt. Therefore, a clear definition and...

Manufacturing

Continest Technologies doubled turnover in 2021

Continest Technologies, a company that develops and manufactures unique foldable container technology, closed the year 2021 with a total revenue...

Residential

Close to 1/3 of home construction, renovation projects overbudget

Around 32% of Hungarians building or renovating homes have had to pay more than planned because of the shortage of...

Slovakia industrial output shrinks in April 

Slovakia's industrial production shrank by 9.6% from a year earlier in April, following a revised 7.2% fall in the previous...

Low-tax company formation in Hungary

Hungary is an emerging low-tax jurisdiction. The corporate tax rate is just 9%, whilst holding type income is not subject...

Passenger transport volume rebounds in Q1

First-quarter passenger transport volume in Hungary rose 69% year-on-year to 4.9 billion passenger-kilometers, but was still 27% under the volume...

One of Buda’s most popular farmers’ markets goes digital

Czakó Farmer's Market and Mastercard are working together to enable customers to pay electronically at all stalls, whether by instant...

COVID vaccination days at hospitals on Fridays only 

Due to the retreat of the pandemic and the high vaccination rate, there will be vaccination days at hospital checkpoints...

Annual compulsory vehicle insurance premiums down 0.4%

Hungarian motorists' annual compulsory vehicle insurance premiums inched down 0.4% year-on-year in the first quarter on a steep drop in...

7.8% ‘certain’ to use home renovation subsidies by yearend

A survey by economic research institute GKI and building materials maker Masterplast shows 7.8% of Hungarian households are "certain" to...

Diageo Celebrates 20 years in Budapest

Diageo, a leading company in the production and distribution of alcoholic beverages, has celebrated its 20th anniversary in Budapest with...

Digital Turnaround Needed in SME Sector

The majority of small- and medium-sized enterprises, including nearly two-thirds of mid-sized companies, say they need to take more decisive...

Pannonia Bio Says it Continues to Invest in Biorefinery Future

Despite a challenging year, the owner of Europe’s largest biorefinery says it is continuing transformative investments into food chain resilience...

Freight volume falls almost 4% in Q1

Freight volume in Hungary fell 3.7% year-on-year to 69.9 million tonnes in the first quarter, state news wire MTI reports,...

CEE Investments Return to Pre-pandemic Levels in Q1

At EUR 2.83 billion for the first quarter of the year, Central and Eastern European (Bulgaria, the Czech Republic, Hungary,...

New Definition of ESG Adapted to Hungarian Conditions

There has been no centralized guideline for ESG criteria that everybody accepts and can adopt. Therefore, a clear definition and...

Continest Technologies doubled turnover in 2021

Continest Technologies, a company that develops and manufactures unique foldable container technology, closed the year 2021 with a total revenue...

Close to 1/3 of home construction, renovation projects overbudget

Around 32% of Hungarians building or renovating homes have had to pay more than planned because of the shortage of...