Business

Manufacturing

Lithuania industrial production increases in January

Lithuania's industrial production increased in January, led by strong output growth in manufacturing as well as in mining and quarrying,...

Deals

4iG board decides on Rheinmetall capital raise

The board of 4iG has decided on a private placement of new shares with German defense industry company Rheinmetall through...

Construction

Construction industry faces ‘more difficult’ year in 2022

Hungary's construction companies finished a "fantastic year" in 2021, but face a "more difficult" one in 2022, the head of...

Automotive

Rába books HUF 1.3 bln profit

Hungarian automotive industry company Rába booked an after-tax profit of HUF 1.3 billion for 2021, improving from a HUF 1...

Retail

Online FMCGs Reap Fruit of Pandemic’s Disruption

While the pandemic restructured every industry, the online shopping segment of the fast-moving consumer goods sector has surfaced as a...

Retail

Market Talk: Players Grapple With Shifting Environment, Consumer Habits

Major players in the fast-moving consumer goods sector are, as you would expect, keeping a close eye on how their...

Transport

Budapest Airport, unions reach deal on pay rise 

In February, Ferenc Liszt International Airport operator Budapest Airport successfully reached an agreement with the works councils and trade unions...

HR

Unemployment rate at 4.2% in January

In January 2022, the number of unemployed was 201,000 and the unemployment rate was 4.2%, according to data released by...

Pharma

Competition Office launches probe of COVID rapid tests

Hungary's Competition Office (GVH) on Friday announced a probe of the local market for COVID antigen rapid diagnostic tests on...

HR

Poland jobless rate rises in January

Poland's jobless rate increased marginally in January, figures from the Warsaw-based Central Statistical Office (GUS) showed on Wednesday....

HR

Magyar Posta reaches wage raise deal 

The management and unions of state-owned postal company Magyar Posta reached an agreement on a further wage increase for 2022,...

Retail

Lidl creates 1,200 jobs over past year

To ensure the maximum food supply of Hungarian households and to support the competitiveness of the domestic economy, Lidl Hungary...

Telco

Data drives mobile market growth – MTel deputy CEO

Data drove the increase in the mobile market last year, Magyar Telekom (MTel) deputy CEO Melinda Szabó said on Thursday,...

Construction

Housing construction down 29% in 2021

In 2021, a total of 19,898 new dwellings were built in Hungary, about 29% fewer than in 2020, according to...

HR

Shared service centers – New workforce ready to learn

In September, a new online knowledge-sharing program named KeyStone, specific to the business services sector (BSS), was launched. Targeting university...

Manufacturing

Lithuania industrial production increases in January

Lithuania's industrial production increased in January, led by strong output growth in manufacturing as well as in mining and quarrying,...

Deals

4iG board decides on Rheinmetall capital raise

The board of 4iG has decided on a private placement of new shares with German defense industry company Rheinmetall through...

Construction

Construction industry faces ‘more difficult’ year in 2022

Hungary's construction companies finished a "fantastic year" in 2021, but face a "more difficult" one in 2022, the head of...

Automotive

Rába books HUF 1.3 bln profit

Hungarian automotive industry company Rába booked an after-tax profit of HUF 1.3 billion for 2021, improving from a HUF 1...

Retail

Online FMCGs Reap Fruit of Pandemic’s Disruption

While the pandemic restructured every industry, the online shopping segment of the fast-moving consumer goods sector has surfaced as a...

Retail

Market Talk: Players Grapple With Shifting Environment, Consumer Habits

Major players in the fast-moving consumer goods sector are, as you would expect, keeping a close eye on how their...

Transport

Budapest Airport, unions reach deal on pay rise 

In February, Ferenc Liszt International Airport operator Budapest Airport successfully reached an agreement with the works councils and trade unions...

HR

Unemployment rate at 4.2% in January

In January 2022, the number of unemployed was 201,000 and the unemployment rate was 4.2%, according to data released by...

Pharma

Competition Office launches probe of COVID rapid tests

Hungary's Competition Office (GVH) on Friday announced a probe of the local market for COVID antigen rapid diagnostic tests on...

HR

Poland jobless rate rises in January

Poland's jobless rate increased marginally in January, figures from the Warsaw-based Central Statistical Office (GUS) showed on Wednesday....

HR

Magyar Posta reaches wage raise deal 

The management and unions of state-owned postal company Magyar Posta reached an agreement on a further wage increase for 2022,...

Retail

Lidl creates 1,200 jobs over past year

To ensure the maximum food supply of Hungarian households and to support the competitiveness of the domestic economy, Lidl Hungary...

Telco

Data drives mobile market growth – MTel deputy CEO

Data drove the increase in the mobile market last year, Magyar Telekom (MTel) deputy CEO Melinda Szabó said on Thursday,...

Construction

Housing construction down 29% in 2021

In 2021, a total of 19,898 new dwellings were built in Hungary, about 29% fewer than in 2020, according to...

HR

Shared service centers – New workforce ready to learn

In September, a new online knowledge-sharing program named KeyStone, specific to the business services sector (BSS), was launched. Targeting university...

Lithuania industrial production increases in January

Lithuania's industrial production increased in January, led by strong output growth in manufacturing as well as in mining and quarrying,...

4iG board decides on Rheinmetall capital raise

The board of 4iG has decided on a private placement of new shares with German defense industry company Rheinmetall through...

Construction industry faces ‘more difficult’ year in 2022

Hungary's construction companies finished a "fantastic year" in 2021, but face a "more difficult" one in 2022, the head of...

Rába books HUF 1.3 bln profit

Hungarian automotive industry company Rába booked an after-tax profit of HUF 1.3 billion for 2021, improving from a HUF 1...

Online FMCGs Reap Fruit of Pandemic’s Disruption

While the pandemic restructured every industry, the online shopping segment of the fast-moving consumer goods sector has surfaced as a...

Market Talk: Players Grapple With Shifting Environment, Consumer Habits

Major players in the fast-moving consumer goods sector are, as you would expect, keeping a close eye on how their...

Budapest Airport, unions reach deal on pay rise 

In February, Ferenc Liszt International Airport operator Budapest Airport successfully reached an agreement with the works councils and trade unions...

Unemployment rate at 4.2% in January

In January 2022, the number of unemployed was 201,000 and the unemployment rate was 4.2%, according to data released by...

Competition Office launches probe of COVID rapid tests

Hungary's Competition Office (GVH) on Friday announced a probe of the local market for COVID antigen rapid diagnostic tests on...

Poland jobless rate rises in January

Poland's jobless rate increased marginally in January, figures from the Warsaw-based Central Statistical Office (GUS) showed on Wednesday....

Magyar Posta reaches wage raise deal 

The management and unions of state-owned postal company Magyar Posta reached an agreement on a further wage increase for 2022,...

Lidl creates 1,200 jobs over past year

To ensure the maximum food supply of Hungarian households and to support the competitiveness of the domestic economy, Lidl Hungary...

Data drives mobile market growth – MTel deputy CEO

Data drove the increase in the mobile market last year, Magyar Telekom (MTel) deputy CEO Melinda Szabó said on Thursday,...

Housing construction down 29% in 2021

In 2021, a total of 19,898 new dwellings were built in Hungary, about 29% fewer than in 2020, according to...

Shared service centers – New workforce ready to learn

In September, a new online knowledge-sharing program named KeyStone, specific to the business services sector (BSS), was launched. Targeting university...