BBJ

Industry

Hungary’s Producer Prices Climb in July 2024″

The Central Statistical Office (KSH) has released new data showing a notable shift in industrial producer prices in Hungary for...

Retail

Coop Hungary: A Local Giant With a Plan

With a dominant presence in Hungary, retailer Coop has managed to maintain stability even amidst steeply dropping real wages. The...

Conferences

German Chamber Seeks to Bridge Civilian and Military Innovation

The German-Hungarian Chamber of Commerce (DUIHK) will host its much-anticipated DUIHK CEO Breakfast at the Dorothea Hotel Budapest on September...

Figures

Ferenc Liszt Int’l Airport Passenger Numbers Close to 7.9 mln in H1

Passenger numbers at Budapest Ferenc Liszt International reached 7,887,100 in the first half, data released by the Central Statistical Office...

Retail

Consumer Protection Heightened for Back-to-school Shopping

With the start of school approaching, it is not only students and their parents preparing for the new academic year;...

Interview

Top HR Director: Introducing Schaeffler’s András Gazdag

In the fast-paced realm of business, a company's achievements are often shaped by the vision and leadership of its executives....

Figures

Wage Growth Continues in June

In June 2024, Hungary's full-time employees saw a significant boost in their earnings, with average gross wages climbing to HUF...

Analysis

Quality of Life for Middle-aged People Improving

The quality of life of middle-aged people has improved significantly compared to the data measured in 2000, according to research...

Business

Speaker of Parliament Kövér Meets Indonesian Counterpart

Speaker of Parliament László Kövér met Puan Maharani, his Indonesian counterpart, for talks in Budapest....

Banking

MBH Bank Highlights ESG Program in Latest Sustainability Report

MBH Bank published its Sustainability Report for 2023, detailing the launch of a comprehensive ESG framework....

Budapest

Budapest Tops List for Best ‘Workcation’ City

Budapest has ranked as the top city for 'workcation.'...

Figures

Domestic Investments Shrinking

Domestic investments are shrinking even more than expected....

Green Energy

Economy Minister Meets Korean Battery Execs

Minister of National Economy Márton Nagy received Yi Kang Myung, chairman, CEO and co-founder of the Korean battery industry group...

Business

MÁV Collected HUF 80 Million in Debts TYD

State railways operator MÁV-Start's revenues from debts were outstanding not only in July, but in the entire first half of...

Business

Startup Market Stagnating Third Year in a Row

The domestic startup sector has stagnated for the third year, while the decrease in venture capital investments and financing poses...

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...