Business

Interview

Czech schools to reopen partially ahead of summer holidays

Czech schools will not fully reopen before the start of the summer holidays, according to a timetable approved by the...

Telco

MNB adopts further anti-cyclical easing measures

The Financial Stability Council (FSC) of the National Bank of Hungary (MNB) decided on Thursday that it will adopt further...

Deals

MOL closes acquisition of stake in Azeri oil field

Hungarian oil and gas company MOL said it closed the acquisition of a 9.57% stake in the Azeri-Chirag-Gunashli oil field...

Competition

Hungary in top 10 with fastest internet speeds

Hungary was ranked one of the 10 fastest countries in the world in terms of internet network speed in 2019,...

Telco

Govʼt to lower VAT on brownfield home construction to 5%

Hungaryʼs government will lower the VAT rate for home construction at brownfield sites to 5% from 27%, Gergely Gulyás, the...

Construction

Construction output volume up 2.5% in February

The output of Hungaryʼs construction sector was 2.5% higher in February 2020 than a year earlier, according to data by...

Automotive

Romania industrial production falls in February

Romania’s industrial production fell in February, driven by a decline in energy, the latest data from the Bucharest-based National Institute...

Automotive

Automotive sector output growth slows to 5% in Feb

Output of Hungaryʼs automotive sector, an engine of industrial growth, rose 5% year-on-year in February, decelerating from the previous month,...

Automotive

Hankook Tire restarts production in Hungary

South Koreaʼs Hankook Tire restarted production at its plant in Hungary on Tuesday, according to a report by state news...

Retail

’Our Street’ community platform given support by MOL Limo

In response to the epidemiological situation that has developed in recent weeks, the local community-building platform Miutcánk (Our Street) has...

Transport

Wizz Air fires 1,000 staff to mitigate COVID-19 financial impact

Discount airline Wizz Air announced a decision to fire 1,000 of its employees, a workforce reduction of 19%, and cut...

Telco

Hungary ICT sector revenue climbs 6.6% in Q4

Revenue of Hungaryʼs ICT sector rose 6.6% year-on-year to HUF 1,047 billion in the fourth quarter, state news wire MTI...

Office Market

Construction of Aréna Business Campus Building ʼAʼ complete

Belgian real estate developer Atenor has completed Building "A" of its Aréna Business Campus, meeting the deadline of the original...

Interview

Škoda extends halt on car manufacturing to end of April

Car manufacturer Škoda Auto has decided to extend its production halt at its three Czech factories to at least April...

Office Market

Budapest office vacancy rate reaches 6.2% in Q1, BRF reports

Budapestʼs total modern office stock added up to 3,740,990 sqm in Q1 2020, with the office vacancy rate reaching 6.2%...

Interview

Czech schools to reopen partially ahead of summer holidays

Czech schools will not fully reopen before the start of the summer holidays, according to a timetable approved by the...

Telco

MNB adopts further anti-cyclical easing measures

The Financial Stability Council (FSC) of the National Bank of Hungary (MNB) decided on Thursday that it will adopt further...

Deals

MOL closes acquisition of stake in Azeri oil field

Hungarian oil and gas company MOL said it closed the acquisition of a 9.57% stake in the Azeri-Chirag-Gunashli oil field...

Competition

Hungary in top 10 with fastest internet speeds

Hungary was ranked one of the 10 fastest countries in the world in terms of internet network speed in 2019,...

Telco

Govʼt to lower VAT on brownfield home construction to 5%

Hungaryʼs government will lower the VAT rate for home construction at brownfield sites to 5% from 27%, Gergely Gulyás, the...

Construction

Construction output volume up 2.5% in February

The output of Hungaryʼs construction sector was 2.5% higher in February 2020 than a year earlier, according to data by...

Automotive

Romania industrial production falls in February

Romania’s industrial production fell in February, driven by a decline in energy, the latest data from the Bucharest-based National Institute...

Automotive

Automotive sector output growth slows to 5% in Feb

Output of Hungaryʼs automotive sector, an engine of industrial growth, rose 5% year-on-year in February, decelerating from the previous month,...

Automotive

Hankook Tire restarts production in Hungary

South Koreaʼs Hankook Tire restarted production at its plant in Hungary on Tuesday, according to a report by state news...

Retail

’Our Street’ community platform given support by MOL Limo

In response to the epidemiological situation that has developed in recent weeks, the local community-building platform Miutcánk (Our Street) has...

Transport

Wizz Air fires 1,000 staff to mitigate COVID-19 financial impact

Discount airline Wizz Air announced a decision to fire 1,000 of its employees, a workforce reduction of 19%, and cut...

Telco

Hungary ICT sector revenue climbs 6.6% in Q4

Revenue of Hungaryʼs ICT sector rose 6.6% year-on-year to HUF 1,047 billion in the fourth quarter, state news wire MTI...

Office Market

Construction of Aréna Business Campus Building ʼAʼ complete

Belgian real estate developer Atenor has completed Building "A" of its Aréna Business Campus, meeting the deadline of the original...

Interview

Škoda extends halt on car manufacturing to end of April

Car manufacturer Škoda Auto has decided to extend its production halt at its three Czech factories to at least April...

Office Market

Budapest office vacancy rate reaches 6.2% in Q1, BRF reports

Budapestʼs total modern office stock added up to 3,740,990 sqm in Q1 2020, with the office vacancy rate reaching 6.2%...

Czech schools to reopen partially ahead of summer holidays

Czech schools will not fully reopen before the start of the summer holidays, according to a timetable approved by the...

MNB adopts further anti-cyclical easing measures

The Financial Stability Council (FSC) of the National Bank of Hungary (MNB) decided on Thursday that it will adopt further...

MOL closes acquisition of stake in Azeri oil field

Hungarian oil and gas company MOL said it closed the acquisition of a 9.57% stake in the Azeri-Chirag-Gunashli oil field...

Hungary in top 10 with fastest internet speeds

Hungary was ranked one of the 10 fastest countries in the world in terms of internet network speed in 2019,...

Govʼt to lower VAT on brownfield home construction to 5%

Hungaryʼs government will lower the VAT rate for home construction at brownfield sites to 5% from 27%, Gergely Gulyás, the...

Construction output volume up 2.5% in February

The output of Hungaryʼs construction sector was 2.5% higher in February 2020 than a year earlier, according to data by...

Romania industrial production falls in February

Romania’s industrial production fell in February, driven by a decline in energy, the latest data from the Bucharest-based National Institute...

Automotive sector output growth slows to 5% in Feb

Output of Hungaryʼs automotive sector, an engine of industrial growth, rose 5% year-on-year in February, decelerating from the previous month,...

Hankook Tire restarts production in Hungary

South Koreaʼs Hankook Tire restarted production at its plant in Hungary on Tuesday, according to a report by state news...

’Our Street’ community platform given support by MOL Limo

In response to the epidemiological situation that has developed in recent weeks, the local community-building platform Miutcánk (Our Street) has...

Wizz Air fires 1,000 staff to mitigate COVID-19 financial impact

Discount airline Wizz Air announced a decision to fire 1,000 of its employees, a workforce reduction of 19%, and cut...

Hungary ICT sector revenue climbs 6.6% in Q4

Revenue of Hungaryʼs ICT sector rose 6.6% year-on-year to HUF 1,047 billion in the fourth quarter, state news wire MTI...

Construction of Aréna Business Campus Building ʼAʼ complete

Belgian real estate developer Atenor has completed Building "A" of its Aréna Business Campus, meeting the deadline of the original...

Škoda extends halt on car manufacturing to end of April

Car manufacturer Škoda Auto has decided to extend its production halt at its three Czech factories to at least April...

Budapest office vacancy rate reaches 6.2% in Q1, BRF reports

Budapestʼs total modern office stock added up to 3,740,990 sqm in Q1 2020, with the office vacancy rate reaching 6.2%...