Business

Pharma

Slovenian Gorenje to split into two companies

Slovenian household appliances maker Gorenje will be split into two companies as part of group integration, a year after it...

Telco

MOL Q3 profit drops as financial losses grow

Hungarian oil and gas company MOLʼs third-quarter net income fell 34% year-on-year to HUF 59.8 billion as revenues declined and...

Manufacturing

Dunaferr announces major layoffs

Steel manufacturer Dunaferr announced it will cut the number of its employees by 350 by December 31, 2020, says a...

Telco

Gross wages up 11.5% in August

The average gross wage for full-time workers in Hungary rose 11.5% year-on-year to HUF 358,876 in August, the Central Statistical...

Logistics

Prologis builds BIM-designed facility

Logistics real estate firm Prologis has begun construction of a new 14,000 square-meter speculative facility at Prologis Park Budapest-Harbor, the...

Interview

Von der Leyen okays Hungaryʼs candidate for commissioner

European Commission President-elect Ursula von der Leyen has approved Thierry Breton and Olivér Várhelyi as the nominees for her administration...

Deals

Affidea set to acquire Medical Service Budapest

The local unit of Affidea, a provider of advanced diagnostic imaging, outpatient and cancer care services with a presence in...

HR

Companies plan to pay more year-end benefits

While most businesses granted lower salary raises this year than planned, they are generally calculating with significantly higher end-of-year bonuses...

Interview

Half of Czech households set no family budget

Almost half of Czech households do not set a family budget, and one-third set no money aside at the end...

Logistics

Business confidence up, consumer confidence down in October

Economic research institute GKI’s Economic Sentiment Index, its combined gauge of consumer and business confidence, reached an almost three-year low...

Automotive

Hungarian-Israeli JV to develop self-driving bus comms system

Hungarian and Israeli business partners have established a joint venture to develop a communication system for dispatchers and passengers on...

Telco

Hungary R&D spending up 27% in 2018

Spending on research and development in Hungary came to more than HUF 654 billion, or 1.53% of GDP in 2018,...

Deals

Zentiva acquires CEE pharma business of Alvogen

Pharmaceutical company Zentiva has announced the signing of an agreement to acquire the CEE business of peer Alvogen, for an...

Innovation

Tungsram, iLex launch SME assistance platform

Hungarian legal IT startup iLex and lighting company Tungsram have announced the launch of an online platform aimed at helping...

Office Market

ExxonMobil to move into GTC Pillar office building

The ExxonMobil Global Business Center has signed a lease agreement, involving the entirety of the GTC Pillar office building, currently...

Pharma

Slovenian Gorenje to split into two companies

Slovenian household appliances maker Gorenje will be split into two companies as part of group integration, a year after it...

Telco

MOL Q3 profit drops as financial losses grow

Hungarian oil and gas company MOLʼs third-quarter net income fell 34% year-on-year to HUF 59.8 billion as revenues declined and...

Manufacturing

Dunaferr announces major layoffs

Steel manufacturer Dunaferr announced it will cut the number of its employees by 350 by December 31, 2020, says a...

Telco

Gross wages up 11.5% in August

The average gross wage for full-time workers in Hungary rose 11.5% year-on-year to HUF 358,876 in August, the Central Statistical...

Logistics

Prologis builds BIM-designed facility

Logistics real estate firm Prologis has begun construction of a new 14,000 square-meter speculative facility at Prologis Park Budapest-Harbor, the...

Interview

Von der Leyen okays Hungaryʼs candidate for commissioner

European Commission President-elect Ursula von der Leyen has approved Thierry Breton and Olivér Várhelyi as the nominees for her administration...

Deals

Affidea set to acquire Medical Service Budapest

The local unit of Affidea, a provider of advanced diagnostic imaging, outpatient and cancer care services with a presence in...

HR

Companies plan to pay more year-end benefits

While most businesses granted lower salary raises this year than planned, they are generally calculating with significantly higher end-of-year bonuses...

Interview

Half of Czech households set no family budget

Almost half of Czech households do not set a family budget, and one-third set no money aside at the end...

Logistics

Business confidence up, consumer confidence down in October

Economic research institute GKI’s Economic Sentiment Index, its combined gauge of consumer and business confidence, reached an almost three-year low...

Automotive

Hungarian-Israeli JV to develop self-driving bus comms system

Hungarian and Israeli business partners have established a joint venture to develop a communication system for dispatchers and passengers on...

Telco

Hungary R&D spending up 27% in 2018

Spending on research and development in Hungary came to more than HUF 654 billion, or 1.53% of GDP in 2018,...

Deals

Zentiva acquires CEE pharma business of Alvogen

Pharmaceutical company Zentiva has announced the signing of an agreement to acquire the CEE business of peer Alvogen, for an...

Innovation

Tungsram, iLex launch SME assistance platform

Hungarian legal IT startup iLex and lighting company Tungsram have announced the launch of an online platform aimed at helping...

Office Market

ExxonMobil to move into GTC Pillar office building

The ExxonMobil Global Business Center has signed a lease agreement, involving the entirety of the GTC Pillar office building, currently...

Slovenian Gorenje to split into two companies

Slovenian household appliances maker Gorenje will be split into two companies as part of group integration, a year after it...

MOL Q3 profit drops as financial losses grow

Hungarian oil and gas company MOLʼs third-quarter net income fell 34% year-on-year to HUF 59.8 billion as revenues declined and...

Dunaferr announces major layoffs

Steel manufacturer Dunaferr announced it will cut the number of its employees by 350 by December 31, 2020, says a...

Gross wages up 11.5% in August

The average gross wage for full-time workers in Hungary rose 11.5% year-on-year to HUF 358,876 in August, the Central Statistical...

Prologis builds BIM-designed facility

Logistics real estate firm Prologis has begun construction of a new 14,000 square-meter speculative facility at Prologis Park Budapest-Harbor, the...

Von der Leyen okays Hungaryʼs candidate for commissioner

European Commission President-elect Ursula von der Leyen has approved Thierry Breton and Olivér Várhelyi as the nominees for her administration...

Affidea set to acquire Medical Service Budapest

The local unit of Affidea, a provider of advanced diagnostic imaging, outpatient and cancer care services with a presence in...

Companies plan to pay more year-end benefits

While most businesses granted lower salary raises this year than planned, they are generally calculating with significantly higher end-of-year bonuses...

Half of Czech households set no family budget

Almost half of Czech households do not set a family budget, and one-third set no money aside at the end...

Business confidence up, consumer confidence down in October

Economic research institute GKI’s Economic Sentiment Index, its combined gauge of consumer and business confidence, reached an almost three-year low...

Hungarian-Israeli JV to develop self-driving bus comms system

Hungarian and Israeli business partners have established a joint venture to develop a communication system for dispatchers and passengers on...

Hungary R&D spending up 27% in 2018

Spending on research and development in Hungary came to more than HUF 654 billion, or 1.53% of GDP in 2018,...

Zentiva acquires CEE pharma business of Alvogen

Pharmaceutical company Zentiva has announced the signing of an agreement to acquire the CEE business of peer Alvogen, for an...

Tungsram, iLex launch SME assistance platform

Hungarian legal IT startup iLex and lighting company Tungsram have announced the launch of an online platform aimed at helping...

ExxonMobil to move into GTC Pillar office building

The ExxonMobil Global Business Center has signed a lease agreement, involving the entirety of the GTC Pillar office building, currently...