BBJ

Interview

Empowering Global Leadership: Innovation, Diversity and the Future of Executive Talent

The Budapest Business Journal talks with Norbert Nagy, Stanton Chase’s managing partner and vice president for the EMEA region and...

Podcasts

Charting the Progress of Drone Tech From Toy to Weapon of War

The second panel at the CEO Breakfast, hosted by the German-Hungarian Chamber of Industry and Commerce (DUIHK) in partnership with...

Analysis

Chamber of Commerce Corner, October 4, 2024

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

Telco

4iG Group Reports Record Revenue, EBITDA in H1

The 4iG Group says it continued its growth trajectory in the first half of 2024, setting a new record for...

Manufacturing

Hydro’s Aluminum Recycling Plant Starts Operations in Hungary

Norway’s Hydro officially opened its new aluminum recycling plant in Székesfehérvár (64 km southwest of Budapest by road) on Sep....

Automotive

No Light yet at the end of Automotive Tunnel

The automotive sector in Hungary, so long the engine of the local economy, is struggling against the backdrop of sluggish...

HR

Hungary’s Unemployment Rate Stands at 4.2% in August

Hungary’s employment figures showed modest growth in August 2024, with the unemployment rate clocking in at 4.2%, according to data...

Art

12 European Galleries Show Artwork Worth EUR 1 mln in Budapest

The organizers of this year’s Budapest Contemporary Art Fair (BCT) have announced that 42 works by 21 artists from 12...

EU

EU Getting Serious About Fighting Deforestation

The Deforestation Regulation of the EU (EUDR), which entered into force on June 29, 2023, is one of the EU’s...

Figures

Hungary’s Average Gross Earnings Rise 13.9% in July

Hungary’s average gross earnings increased by 13.9% year-on-year in July 2024, reaching HUF 636,700, according to data released by the...

Analysis

Chamber of Commerce Corner, September 20, 2024

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

Figures

VC Investments in CEE at EUR 940 mln in Q2 2024 – Vestbee

Vestbee, Europe’s leading platform for startups, VCs, accelerators, and corporates, has just released its VC Funding in the CEE Report...

HR

Primary Motivation for Employees Wages, Well-being Important

For Hungarian employees, wages are the primary motivational factor, but forms of benefits that support physical, mental and social well-being...

Weather

Several Heat Records Broken in September

On the third day of fall, several heat records were broken, HungaroMet said on its website....

Economy

3,500 Students Enroll in Agricultural Vocational Training Institutions

Some 3,532 students have enrolled in agricultural vocational training institutions for the 2024-2025 academic year, rising to 4,200 if those...

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...