Business

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...

Transport

Railways Central to Nagy Meeting With Chinese EXIM Bank Chief

Minister of National Economy Márton Nagy received Ren Shengjun, CEO and Deputy President of the Chinese Export-Import Bank, in his...

Automotive

AutoWallis Earnings Fall on Higher Costs 

First-half net income of listed car seller AutoWallis fell 55% year-on-year to HUF 3.4 bln as acquisition-related costs weighed, an...

Business

Gloster’s Expansion: New Horizons in Foreign Markets

Nearly four years after Gloster shares began trading on the Budapest Stock Exchange’s Xtend market, Viktor Szekeres, the firm’s founder...

Transport

MOL Bubi Bikeshare Scheme Marks 10 mln Milestone

Budapest's MOL Bubi bikeshare scheme has been used more than 10 million times since an upgrade four years ago, the...

Telco

Yettel ‘Revolutionizes’ Mobile Experience with Digital Subscription

Yettel has announced what it says is a data revolution: for the first time in the history of mobile telecommunications...

HR

Hungary Labor Market Reserve Over 300,000

Hungary's potential labor reserve stood at 314,000 people in the second quarter, data released by the Central Statistics Office (KSH)...

Science

Elte Makes Grade in U.S., Chinese Uni Rankings

Eötvös Loránd University (Elte) in Budapest has performed well in United States and Chinese global rankings of universities, the school...

Science

Drought-monitoring Satellite to Be Launched Today

Hungary's WREN-1 (Water Resources in Efficient Networks) CubeSat, a small satellite developed by COMBIT Computer Technology, in collaboration with the...

Residential

Sublet Market Prices Increased in July

The rise in prices continued on the national and Budapest sublet markets in July, which also marked the beginning of...

Pharma

Goodwill Pharma Signs Cooperation Deal With Novartis Hungária

Goodwill Pharma has signed a cooperation agreement with Novartis Hungária on exclusive distribution and promotion, the company said in an...

Construction

Hungary’s Construction Sector Performance Mixed in June

The Central Statistical Office (KSH) released its latest data on Hungary's construction sector, revealing a mixed performance with an overall...

Automotive

Automotive Sector Output Falls 11.8% in June

Output of the automotive industry, Hungary's biggest manufacturing sector, fell 11.8% year-on-year in June, a detailed release of data by...

Sustainability

Budapest One’s All 3 Phases Achieve Highest Well Rating

The final two phases of Budapest One, located at Őrmező, Hungary's largest multimodal transport hub, have received the highest Platinum...

Office Market

Graphisoft Park Earnings Rise 16% in H1

First-half after-tax profit of Graphisoft Park, which owns and operates a business park in the north of Budapest, rose 16%...

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...