BBJ

Transport

Lufthansa Technik Budapest to Overhaul Norwegian Aircraft Fleet

Lufthansa Technik and Nordic airline Norwegian have a business relationship that goes back 17 years, and the aircraft maintenance firm...

Analysis

Chamber of Commerce Corner, December 13, 2024

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

Trade

Hungary’s External Trade Surplus at EUR 1 bln in October 2024

Hungary recorded an external trade surplus of approximately EUR 1 billion in October 2024, according to the latest data from...

Analysis

Schoenherr Wins’ Best Law Firm’ at CIJ Hungary Awards

Schoenherr has won the “Best Law Firm of the Year” title at the 2024 CIJ Awards Hungary gala in Budapest....

Parliament

MPs Approve 2025 Budget

MPs approved legislation establishing the 2025 budget in a vote in Parliament yesterday. The law includes several measures in various...

Analysis

Waberer’s Shines a Light on Maltese Charity

This December, the regular truck that delivers donations to the Hungarian Maltese Charity Service throughout the year has a new...

Construction

50% of Szép Card Rations Available for Renovation Next Year

From next year, half of the amount received on the Szép card can be spent on home renovation, building materials,...

Social

Budapest Bonfire Tradition Raises HUF 4 mln for Local Charities

XpatLoop.com reports it raised HUF 4 million for local good causes at its annual charity fundraising Bonfire Night party at...

Social

AmCham-Marriott Thanksgiving Dinner: a Night of Celebration and Giving Back to Local Charities

The Thanksgiving Charity Dinner, one of the most cherished annual traditions of the American Chamber of Commerce in Hungary and...

Ratings

Fitch Revises Hungary’s Outlook to ‘Stable’, Affirms Debt Grade

Credit ratings agency Fitch revised its outlook on Hungary to "stable" from "negative" and affirmed the debt grade at "BBB,"...

Social

CCCH Celebrates 30th Anniversary With Budapest Lobster Dinner

The annual highlight of the Canadian-Hungarian business community, the Lobster Dinner, reached a remarkable milestone this year, celebrating its 30th...

Retail

Retail Sales Rise 3.6% y.o.y. in October

Retail sales in Hungary rose 3.6% year-on-year in October, adjusted for calendar year effects, according to data released by the...

Interview

Top 50 Financial Executives in Hungary: György Éder

György Éder, CEO of OTP Fund Management, brings nearly 30 years of expertise in money and capital markets, portfolio management,...

Food

Family Firms aim to Develop Breakfast Culture in HUF 280 bln Market

Two family-run firms, Caffè Vergnano of Italy and Hungary’s Félegyházi Családi Pékség, are working together to promote “reggelikultúrá” or breakfast...

Analysis

Richter Celebrates Q1-Q3 Profits and 30 Years on BSE

Gedeon Richter commemorated its 30th anniversary on the Budapest Stock Exchange on Nov. 8 with its CEO, Gábor Orbán, invited...

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...