BBJ

Figures

Hungary’s Population Decline Deepens as Birth Rate Drops and Marriages Fall in February

Hungary’s demographic challenges continued into 2025, with new data from the Central Statistical Office (KSH) showing a sharp decline in...

Analysis

How ETF Investment Plans Could Reshape the Hungarian Market

Small investors in Hungary have been watching the emergence of low-cost investment plans in the West that allow stock market...

Analysis

Top Expat CEO: Byung Kim

Byung Kim, lead country manager and lead controller, ExxonMobil Hungary is one of the executives featured in the Budapest Business...

In Hungary

‘Dream Girls’ Reunite for Women’s Day

In honor of International Women’s Day tomorrow (Saturday, March 8), two actresses will reunite for an evening of musical hits...

Analysis

Top Expat CEO: Guntram Würzberg

Guntram Würzberg, CEO, E.ON Hungária Group, is one of the executives featured in the Budapest Business Journal's Top Expat CEOs...

Analysis

Chamber of Commerce Corner, March 7, 2025

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

Analysis

Transfer Pricing Controls: NAV Hitting Targets With Pinpoint Accuracy

Tax controls involving transfer pricing are increasingly common in Hungary, based on the structured data reporting required by companies since...

MNB

Varga Sworn in as MNB Governor by Sulyok

Mihaly Varga was appointed to a six-year term as Governor of the National Bank of Hungary (MNB) by Hungary’s President...

Conferences

Pharma CEO Breakfast: Debating Market Access in Hungary

Around 50 guests joined us at the fourth Pharma CEO Breakfast, held at the Kimpton BEM Budapest, organized by the...

Construction

Construction Output Volume Down Significantly in January

Construction output volume In Hungary lagged behind the previous year’s level by 9.6% in January 2025 according to raw data...

Retail

Hungary’s Inflation at 5.6% in February as Food Prices Continue to Climb

Consumer prices in Hungary rose 5.6% in February 2025 compared to the same month a year earlier, with food prices...

Manufacturing

Hungary’s Industrial Production Declines 3.9% in January

Hungary’s industrial production fell approximately by 3.9% year-on-year in January 2025, according to recently released data from the Central Statistical...

Retail

Hungary’s Retail Sales Grow 4.7% Year-on-Year in January

Retail sales in Hungary rose 4.7% year-on-year in January 2025, according to both raw and calendar-adjusted data by the Central...

Trade

Hungary’s Service Trade Surplus Reaches EUR 2.7 bln in Q4 2024

Hungary’s external trade in services posted a surplus of EUR 2.7 billion in Q4 2024, up EUR 137 million from...

Figures

Birthrate and Marriages Decline, Deaths Increase in January

A total of 6,367 children were born in Hungary in January, while some 12,855 people died, according to preliminary data...

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...