BBJ

Green Energy

Solar Markt Nears Launch of High-tech Solar Plant in Hódmezővásárhely

The Solar Markt Group’s sixth solar power plant, located in Hódmezővásárhely (175 km southeast of Budapest), has entered its final...

Banking

Fitch Endorses Strength of MFB, Eximbank with Affirmed Investment-Grade Ratings

Fitch Ratings affirmed the credit ratings of both Hungarian Development Bank (MFB) and Magyar Export-Import Bank Zrt. (Eximbank Zrt.) at...

Analysis

The EU AI Act: The Time to Act is Now, EY Warns

Compliance with the European Union’s AI Act is becoming a pressing matter for businesses, many of whom may be surprised...

Social

Family Polo Picnic – Charity Event Against Functional Illiteracy

When social responsibility is paired with an elegant sports event, something truly special is created, as seen in the Family...

Figures

Hungarian Economy Flatlines in Q1 as Industry, Construction Weigh on Growth

Hungary’s economy stagnated in the first quarter of 2025, with gross domestic product showing no growth on raw data and...

Manufacturing

Hungary’s Industrial Producer Prices Rise 7.9% in April, Decline Slightly from March

Hungarian industrial producer prices rose by 7.9% in April 2025 compared to the same month a year earlier, while edging...

Analysis

Chamber of Commerce Corner, May 30, 2025

This regular section of the Budapest Business Journal features news and events from various international business chambers. For further information...

Museums

Unique Relics in 150-year-old Museum

The Jász Múzeum in Jászberény (79 km east of Budapest by road) is the fifth oldest regional museum in Hungary....

Social

Budapest Business Party 2025 set to Cast off for Networking Success

The Budapest Business Party is back for 2025, offering an exclusive evening for professionals and decision-makers to connect and soak...

Figures

Hungarian Wages Climb 8.5% in March, Real Earnings Rise 3.5%

The average gross monthly earnings of full-time employees in Hungary reached HUF 714,400 in March 2025, marking an 8.5% increase...

Deals

Group.one to Acquire MiniCRM

Group.one has signed an agreement to acquire MiniCRM Zrt. including its Romanian subsidiary MiniCRM Software SRL, a leading provider of...

Analysis

Chamber of Commerce Corner, May 5, 2025

This regular section of the Budapest Business Journal features news and events from various international business chambers. For further information...

Tech

Making Sense of Programming ‘Architecture Salad’ Through AI

It used to be the realm of imagination to think that automation of highly complex legacy IT system integration would...

Analysis

German Companies Skeptical of Hungarian Business Upturn

The Hungarian economy is facing difficult times, as underlined by recent statistical data, and also reflected in the results of...

Analysis

Chamber of Commerce Corner, May 16, 2025

This regular section of the Budapest Business Journal features news and events from various international business chambers. For further information...

Culture

Patience Still Required From Those Wanting Cultural Funding Reform

Dávid Zsoldos, president of the Hungarian Music Council, talks to the Budapest Business Journal about how cultural funding has evolved...

Social

Annual Bonfire Night Charity Celebration Returns Nov. 5

The team behind expat portal XpatLoop.com will host its annual Bonfire Night charity fundraiser Thursday, Nov. 5, combining an evening...

Pollution

Dongwha Plant’s Environmental Permit Revoked in Hungary

The environmental permit for South Korea’s Dongwha electrolyte manufacturing and NMP recycling plant in Sóskút has been revoked following an...

Energy

Large-scale Energy Storage Enters Center Stage

The role of storage in Hungary’s energy supply system was neglected for far too long. Now things are moving fast,...

Patience Still Required From Those Wanting Cultural Funding Reform

Dávid Zsoldos, president of the Hungarian Music Council, talks to the Budapest Business Journal about how cultural funding has evolved...

EU Fast Track to Unicorn Status Thru Little-known State Aid

An EU state subsidy that has long been under the radar allows companies to make it big on the European...

Upcoming German-Hungarian Business Forum at Kecskemét

What opportunities does the next chapter of German-Hungarian economic cooperation hold? The German-Hungarian Business Forum will explore the challenges and...

Hungary to Open Communist-Era Secret Service Files on November 4

Hungary’s government will make communist-era secret service documents public on Nov. 4, fulfilling one of the ruling Tisza Party’s main...

House of Music Hungary Takes Programs Beyond Budapest

House of Music Hungary marked International Music Day on Oct. 1 with a press conference outlining plans to expand its...

Michelin Celebrates 30th Anniversary of Presence in Hungary

Michelin celebrated the 30th anniversary of its presence in Hungary at an anniversary event at its Nyíregyháza facility (231 km...

Magyar Congratulates Serbia’s Student List on Election Victory

Prime Minister Péter Magyar congratulated the leaders of Serbia's opposition Student List in a phone call after their victory in...

Budapest’s Castle District Proposes Short-Term Rental Ban From 2028

Budapest’s District I council has published a draft decree that would ban short-term rentals in the Buda Castle area from...

Citi Appoints Zoltán Schwardy as Country Officer and Banking Head for Hungary

Citi has announced the appointment of Zoltán Schwardy as Citi country officer (CCO) and banking head for Hungary, effective Sept....

Hungary’s Gross Wages Rise 8.4% to HUF 740,600 in August

Average gross monthly earnings for full-time employees in Hungary rose 8.4% year-on-year to HUF 740,600 in August, according to the...

Annual Bonfire Night Charity Celebration Returns Nov. 5

The team behind expat portal XpatLoop.com will host its annual Bonfire Night charity fundraiser Thursday, Nov. 5, combining an evening...

Dongwha Plant’s Environmental Permit Revoked in Hungary

The environmental permit for South Korea’s Dongwha electrolyte manufacturing and NMP recycling plant in Sóskút has been revoked following an...

Budapest Mayor Announces ‘Wave of Development Projects’

A “wave of development projects” will begin in Budapest soon, Mayor Gergely Karácsony said this week. Investments will proceed with...

Large-scale Energy Storage Enters Center Stage

The role of storage in Hungary’s energy supply system was neglected for far too long. Now things are moving fast,...

Budapest Reaches 100 Short CAF Trams as Fleet Expansion Continues

Budapest’s 100th short CAF tram has entered service, marking a milestone in the capital’s fleet renewal program, the Budapest Transport...