Business

Automotive

Number of Battery-only EVs in Hungary Climbs Over 41,000

The number of battery-only electric vehicles registered in Hungary edged over 41,200 in 2023, data compiled by Eurostat show....

Pharma

Improved Margin, Financial Gain Boost Richter Earnings in H1

First-half net income of Hungarian pharmaceutical company Gedeon Richter jumped 103% year-on-year to HUF 138.2 bln, lifted by wider margins...

Residential

Housing Market Turnover 36% Higher

Housing market turnover was 36% higher between January-March 2024 than a year earlier, according to the latest summary from the...

Appointments

U.K. Expert Takes Over as Dreher Breweries Head

As of August, Dreher Breweries is led by a new managing director from the United Kingdom - a market with...

Transport

Watchdog Launches Another Probe of Wizz Air

Hungary's Competition Office (GVH) on Tuesday announced the launch of a probe of low-fare carrier Wizz Air on suspicion of...

Retail

Retail Sales Rise Year-on-year in June

In June 2024, the Central Statistical Office (KSH) reported a 2.6% increase in Hungarian retail sales compared to the same...

Manufacturing

Liberty Dunaújváros Gets Chinese Support for Green Upgrade

China's Cisdi Engineering has signed a memorandum of understanding with China Export and Credit Insurance Corporation (Sinosure) on underwriting EUR...

HR

Number of Jobseekers at Historic Low

The number of registered jobseekers reached a record low in July, State Secretary for Employment Policy Sándor Czomba of the...

Office Market

1st Building of Atenor’s BakerStreet Handed Over to E.ON 

Atenor has announced that the 16,643 sqm, South Buda located BakerStreet Phase I was successfully handed over in early June...

Transport

New Seat Reservation and Booking Options at Volán

As the next step in developing the new tariff system based on national and county passes, a unified seat reservation...

Automotive

Used Car Imports Climb 14% in July

The number of imported used cars registered in Hungary rose 14.1% year-on-year to 9,685 in July, listings site JoAutok.hu said...

Transport

Wizz Air Fined Over HUF 300 mln for Unfair Business Practices

Hungary's Competition Office (GVH) has fined low-fare carrier Wizz Air HUF 307 mln for unfair business practices, the watchdog said...

Interview

Top HR Director: Introducing Thermo Fisher’s Tamás Jakus

In the dynamic world of business, a company's success hinges on its executives. Tamás Jakus, the HR director for South-East...

Business

Erste Group Books H1 Earnings of EUR 168 mln in Hungary

Austria's Erste Group booked first-half net income of EUR 168 mln at its banking business in Hungary, up 56% from...

HR

Employers, Employees Hoping for a Better World Economy

Summer in Hungary brought not just hot weather but also good news for consumers: while analysts had forecast 3.9% inflation,...

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...