Business

Office Market

High Vacancy, Potentially Low Availability of ESG-compliant Offices

Development in the Budapest office market is low, with developers exercising caution and new projects not being initiated in an...

Office Market

Signs of Activity in CEE Investment for H1

The first half of 2024 saw CEE investment volumes increase by about 29% year-on-year, bucking the global trend, according to...

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...

Innovation

WHC Group Unveils CX Services Brand

WHC Group, a leading international HR service provider in Central and Eastern Europe, headquartered in Hungary, has unveiled its new...

Innovation, Conferences

AI Summit 2024: Hungary’s Role in the Artificial Intelligence Revolution

The AI Summit 2024 Budapest drew leaders from industry, government,and academia, highlighting Hungary’s determination to use AI as a catalyst...

Logistics

Faedra Group Expands Portfolio with New Logistics Investments in Budapest

The Hungarian-owned Faedra Group will soon begin developing two new logistics warehouses. The real estate development group, which recently completed...

Automotive

1st Cupra Terramar Rolls of Audi Hungaria Production Line

The first Cupra Terramar model rolled off the production line at German automaker Audi's factory in Győr (120 km northwest...

Office Market

Budapest ONE Achieves Highest ‘Platinum’ Well Core Rating

Phases II and III of the 66,000 sqm Budapest ONE office complex have received the highest “Platinum” level of Well...

Industrial

Sustainability Accreditation the Market Norm for Office and Industrial

The emergence of third-party sustainability accreditation systems reflects the need for real estate market actors to provide independent and transparent...

Office Market

Plot Location is Critical to Improving our Cities

Developers, planners and architects must build according to ESG market needs, EU Taxonomy and city planning regulations. For Budapest, there...

Interview

Building a Culture of Excellence at Hotel Clark

As general manager of the Hotel Clark Budapest, András Lakézi brings a wealth of international experience and a passion for...

Automotive

HUF 1 bln in EV Subsidies Paid Out

The first HUF 1 billion of subsidies in a scheme to support businesses' purchases of electric vehicles has been paid...

Automotive

ALD Automotive | LeasePlan Unveils New Global Mobility Brand Ayvens

ALD Automotive | LeasePlan, the largest fleet management and mobility service provider in Hungary, will continue its activities under a...

Office Market

Green Requirements now Central to Investment Decisions

ESG issues are becoming predominant in the real estate investment process as institutional (and increasingly private) investors will be expected...

Appointments

Géza Palocsay Named Managing Director of Douglas Central Europe

Géza Palocsay has been appointed managing director of Douglas Central Europe, overseeing the beauty retailer’s operations in Hungary, the Czech...

Residential

Budapest Castle District Voters Back Short-Term Rental Ban

Nearly 59% of participants in an online vote in Budapest’s District I supported a complete ban on short-term rentals, Castle...

Real Estate

Erste Real Estate Investment Fund Buys H2Offices

Skanska has agreed to sell the second phase of its H2Offices complex to Erste Open-Ended Real Estate Investment Fund, represented...

Retail

Aldi Cuts Selection and Prices, Shifts toward Stricter Discount Model

Aldi has reduced its food assortment from 2,600 to 2,100 products as part of a data‑driven cleaning process that keeps...

Business

Working for a Competitive Advantage – The Latest Issue of the BBJ

Róbert Keszte became president of the German-Hungarian Chamber of Industry and Commerce (DUIHK) in 2025. In an interview with the...

Real Estate

Investors Becoming More Selective as Markets Rebound

Commercial real estate investment across the CEE-6 markets reached EUR 5.8 billion for H1 2026 compared with EUR 5.4 bln...

Géza Palocsay Named Managing Director of Douglas Central Europe

Géza Palocsay has been appointed managing director of Douglas Central Europe, overseeing the beauty retailer’s operations in Hungary, the Czech...

Continest and Sweden’s Flexotrap Join Forces on Modular Shooting Ranges

As defense spending grows in importance across Europe following Russia’s full-scale invasion of Ukraine, local firm Continest Technologies Plc. and...

Hungary’s Housing Costs Drive Buyers Toward Garden Plots and Former Wine Cellars

Rising house prices and living costs are pushing more buyers toward properties on Hungary’s outlying garden plots and vineyard land,...

Budapest Castle District Voters Back Short-Term Rental Ban

Nearly 59% of participants in an online vote in Budapest’s District I supported a complete ban on short-term rentals, Castle...

What Might Dogs Reveal About Human Communication?

A Hungarian-led research team working out of the Department of Ethology at ELTE in Budapest is working to discover what...

Erste Real Estate Investment Fund Buys H2Offices

Skanska has agreed to sell the second phase of its H2Offices complex to Erste Open-Ended Real Estate Investment Fund, represented...

Hungary Retail Sales Rise 2.4% in August

Hungary’s retail sales volume increased 2.4% year on year in August but fell 0.7% from July, according to data from...

Hungarian EV Market Continues to Grow, Leading CEE

Electromobility in Hungary continues to grow. In the first half of the year, 7,497 new all-electric passenger cars were registered,...

GTA VI Preview Sends Hungarian Console Interest Surging

Clicks from Hungarian price comparison site Árukereső to online console retailers rose roughly sevenfold the day after the Aug. 27...

Aldi Cuts Selection and Prices, Shifts toward Stricter Discount Model

Aldi has reduced its food assortment from 2,600 to 2,100 products as part of a data‑driven cleaning process that keeps...

18,000 Truck Drivers Near Retirement, Hungary Faces Shortage

Europe currently has more than 500,000 unfilled truck‑driver positions, and another 600,000 drivers are expected to reach retirement age in...

Working for a Competitive Advantage – The Latest Issue of the BBJ

Róbert Keszte became president of the German-Hungarian Chamber of Industry and Commerce (DUIHK) in 2025. In an interview with the...

Hungary’s Industrial Producer Prices Rise 4.8% as Energy Export Prices Surge

Hungary’s industrial producer prices rose 4.8% year-on-year in August and 2.9% from July, with energy export prices climbing sharply amid...

Szentkirályi to Take Over Almdudler Distribution in Hungary From January.

Szentkirályi Magyarország is set to take over Hungarian distribution of popular Austrian herbal soft drink Almdudler on January 1, 2027....

Investors Becoming More Selective as Markets Rebound

Commercial real estate investment across the CEE-6 markets reached EUR 5.8 billion for H1 2026 compared with EUR 5.4 bln...