Business

Deals

MOL shares transferred to MOL New Europe Foundation

Hungarian oil and gas company MOL and the state of Hungary have transferred a combined 10.4% of MOL shares to...

Construction

Dwelling construction up 13% y.o.y. in H1

In the first half of 2021, some 9,785 new dwellings were built in Hungary, about 13% more than in H1...

Residential

Home affordability average for region

Hungarians need to work 8.4 years, on average, to buy a new 70 sqm home, according to an annual market...

Innovation

Hungarian companies lack websites

About 63% of Hungarian companies have home pages, well under the 77% average for the whole European Union, according to...

Ecosystem

VC funding In CEE reached over EUR 900 mln in Q2 2021

According to the latest VC Funding In CEE Report, recently published by Vestbee, the biggest matchmaking platform for startups, VC...

Transport

Wizz Air reports EUR 114 mln Q1 loss

Low-fare Hungarian carrier Wizz Air on Wednesday reported a first-quarter loss of EUR 114.4 million in its business year started...

Automotive

Supply-chain woes cause 3-week shutdown at Daimler plant

German carmaker Daimler is shutting down production at its plant in Kecskemét (82 km southeast of Budapest) for three weeks...

Appointments

Skanska commercial dev unit names new EVP of operations Hungary, Romania

Aurelia Luca became the new executive vice president of operations Hungary and Romania for Skanska’s commercial development business unit, the...

Residential

Home rental rates in Hungary edge 0.4% higher in June

Home rental rates in Hungary were up 0.4% year-on-year in June, rising for the first time since more than a...

Logistics

Development of East Gate PRO starts

Developer WING is launching the second phase of their East Gate Business Park project at the junction of motorways M0...

Incubators

Gov’t launches HUF 10 bln of VC funding for startups

Finance Minister Mihály Varga on Monday announced the launch of a HUF 10 billion support scheme for local startups through...

Manufacturing

Lithuania industrial production rises in June

Lithuania's industrial production rose a working-day adjusted 20.1% year-on-year in June, figures from Vilnius-based Statistics Lithuania (LS) showed on Friday....

Deals

Co-founder of Netflix invests in Polish startup

Mitch Lowe, the co-founder of Netflix, longtime CEO of Redbox and Moviepass, has joined UseCrypt. The official merger took place...

Appointments

New financial director at Heineken Hungária

Rachel Averill is set to succeed Alena Mazanikova as head of financial department at Heineken Hungária on August 1. The...

Industrial

Knapp buys former MTD factory in Nemesvámos

Colliers sold a 30,000 sqm industrial complex as part of a 9 hectare site in Nemesvámos, near Veszprém, to Austrian...

Deals

MOL shares transferred to MOL New Europe Foundation

Hungarian oil and gas company MOL and the state of Hungary have transferred a combined 10.4% of MOL shares to...

Construction

Dwelling construction up 13% y.o.y. in H1

In the first half of 2021, some 9,785 new dwellings were built in Hungary, about 13% more than in H1...

Residential

Home affordability average for region

Hungarians need to work 8.4 years, on average, to buy a new 70 sqm home, according to an annual market...

Innovation

Hungarian companies lack websites

About 63% of Hungarian companies have home pages, well under the 77% average for the whole European Union, according to...

Ecosystem

VC funding In CEE reached over EUR 900 mln in Q2 2021

According to the latest VC Funding In CEE Report, recently published by Vestbee, the biggest matchmaking platform for startups, VC...

Transport

Wizz Air reports EUR 114 mln Q1 loss

Low-fare Hungarian carrier Wizz Air on Wednesday reported a first-quarter loss of EUR 114.4 million in its business year started...

Automotive

Supply-chain woes cause 3-week shutdown at Daimler plant

German carmaker Daimler is shutting down production at its plant in Kecskemét (82 km southeast of Budapest) for three weeks...

Appointments

Skanska commercial dev unit names new EVP of operations Hungary, Romania

Aurelia Luca became the new executive vice president of operations Hungary and Romania for Skanska’s commercial development business unit, the...

Residential

Home rental rates in Hungary edge 0.4% higher in June

Home rental rates in Hungary were up 0.4% year-on-year in June, rising for the first time since more than a...

Logistics

Development of East Gate PRO starts

Developer WING is launching the second phase of their East Gate Business Park project at the junction of motorways M0...

Incubators

Gov’t launches HUF 10 bln of VC funding for startups

Finance Minister Mihály Varga on Monday announced the launch of a HUF 10 billion support scheme for local startups through...

Manufacturing

Lithuania industrial production rises in June

Lithuania's industrial production rose a working-day adjusted 20.1% year-on-year in June, figures from Vilnius-based Statistics Lithuania (LS) showed on Friday....

Deals

Co-founder of Netflix invests in Polish startup

Mitch Lowe, the co-founder of Netflix, longtime CEO of Redbox and Moviepass, has joined UseCrypt. The official merger took place...

Appointments

New financial director at Heineken Hungária

Rachel Averill is set to succeed Alena Mazanikova as head of financial department at Heineken Hungária on August 1. The...

Industrial

Knapp buys former MTD factory in Nemesvámos

Colliers sold a 30,000 sqm industrial complex as part of a 9 hectare site in Nemesvámos, near Veszprém, to Austrian...

MOL shares transferred to MOL New Europe Foundation

Hungarian oil and gas company MOL and the state of Hungary have transferred a combined 10.4% of MOL shares to...

Dwelling construction up 13% y.o.y. in H1

In the first half of 2021, some 9,785 new dwellings were built in Hungary, about 13% more than in H1...

Home affordability average for region

Hungarians need to work 8.4 years, on average, to buy a new 70 sqm home, according to an annual market...

Hungarian companies lack websites

About 63% of Hungarian companies have home pages, well under the 77% average for the whole European Union, according to...

VC funding In CEE reached over EUR 900 mln in Q2 2021

According to the latest VC Funding In CEE Report, recently published by Vestbee, the biggest matchmaking platform for startups, VC...

Wizz Air reports EUR 114 mln Q1 loss

Low-fare Hungarian carrier Wizz Air on Wednesday reported a first-quarter loss of EUR 114.4 million in its business year started...

Supply-chain woes cause 3-week shutdown at Daimler plant

German carmaker Daimler is shutting down production at its plant in Kecskemét (82 km southeast of Budapest) for three weeks...

Skanska commercial dev unit names new EVP of operations Hungary, Romania

Aurelia Luca became the new executive vice president of operations Hungary and Romania for Skanska’s commercial development business unit, the...

Home rental rates in Hungary edge 0.4% higher in June

Home rental rates in Hungary were up 0.4% year-on-year in June, rising for the first time since more than a...

Development of East Gate PRO starts

Developer WING is launching the second phase of their East Gate Business Park project at the junction of motorways M0...

Gov’t launches HUF 10 bln of VC funding for startups

Finance Minister Mihály Varga on Monday announced the launch of a HUF 10 billion support scheme for local startups through...

Lithuania industrial production rises in June

Lithuania's industrial production rose a working-day adjusted 20.1% year-on-year in June, figures from Vilnius-based Statistics Lithuania (LS) showed on Friday....

Co-founder of Netflix invests in Polish startup

Mitch Lowe, the co-founder of Netflix, longtime CEO of Redbox and Moviepass, has joined UseCrypt. The official merger took place...

New financial director at Heineken Hungária

Rachel Averill is set to succeed Alena Mazanikova as head of financial department at Heineken Hungária on August 1. The...

Knapp buys former MTD factory in Nemesvámos

Colliers sold a 30,000 sqm industrial complex as part of a 9 hectare site in Nemesvámos, near Veszprém, to Austrian...