Business

Appointments

Matild Palace Appoints Bálint Bakó as New Director of Sales

Matild Palace, a Luxury Collection Hotel, Budapest, has announced the appointment of Bálint Bakó as its new director of sales,...

Business

Lidl Lays Down Cornerstone for HUF 50 bln Logistics Base

German-owned discount chain Lidl Magyarország laid the cornerstone for a HUF 50 billion logistics base in Kiskunfélegyháza on Wednesday, news...

Deals

VGD Hungary Audit and HLB Hungary to Merge

As of January 1, 2025, VGD Hungary Audit Ltd., one of Hungary’s leading audit advisory firms, is to merge with...

Automotive

BMW to Build Corporation’s Largest Solar Plant in Hungary

German car manufacturing giant BMW's solar plant under construction in Debrecen, in eastern Hungary, will be the largest in Hungary...

HR

Quiet Quitting Phenomenon on the Rise – Corvinus Research

Negative internal communication reduces employee loyalty and increases the intent to "quietly quit" in Hungarian businesses. This also diminishes the...

Deals

BioTechUSA Becomes Official Sports Nutrition Partner of FC Barcelona

BioTechUSA has entered into a multi-year global partnership with FC Barcelona, one of the world’s most iconic football clubs....

Residential

Surge in Demand for Homes and Apartments in August

The demand for homes and apartments for sale in Hungary saw a substantial increase in August, reaching levels close to...

Telco

Financial Loss Puts 4iG in the Red

Listed ICT company 4iG had a first-half loss of HUF 23.3 bln as financial losses weighed, an earnings report released...

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...

Business

New Retail Lending Climbs, Corporate Outlays Stagnate in Q2 – MNB

Hungarian lenders' outlays to retail clients jumped 76% in the second quarter from the same period a year earlier, while...

Transport

New Details Emerge About Sunday Train Derailment Near Keleti

The derailment of a train heading towards Keleti Railway Station was caused by broken fastening bolts on the switch rail,...

Automotive

Rába Books H1 Loss on Weak Demand, Narrowing Margins

Hungarian automotive industry company Raba booked a HUF 448 mln loss in the first half as sales declined and margins...

Residential

Budapest Sees Highest Rise in New Flat Prices Among EU Capitals

Budapest experienced the most significant rise in new flat prices among EU capitals last year, with an increase of 11.2%...

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;...

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...