Business

Retail

Poland Retail Sales Growth Eases in June

Retail sales in Poland rose by 4.4% year-on-year in June, slowing from a 5% gain in the previous month, data...

Transport

Hungary, Austria to Connect Expressways

Hungary and Austria have signed an agreement on connecting the M80 and S7 expressways, the Construction and Transportation Ministry said...

HR

Number of Job Applications up in Q2

With the exception of two counties, the number of applications received for job advertisements increased in the second quarter of...

Automotive

Bumchun Plows EUR 21 bln Into Expansion in Hungary

BC GEN Hungary, the local unit of South Korea's Bumchun, will invest around HUF 21 bln to triple battery terminal...

Deals

Daniella Electricity Acquires Elektro Uno’s Electrical Products Trading Business Unit

Daniella Electricity acquired Elektro Uno's electrical products trading business unit in June, meaning that the unit's six sites will continue...

Science

Ganzair, Szeged U Partner on Green Hydrogen Electrolyzer

Compressor company Ganzair and the University of Szeged are developing a green hydrogen electrolyzer, the company told state news wire...

Pharma

Richter Submits Marketing Authorization Applications to EMA 

Hungarian pharmaceutical company Gedeon Richter said the European Medicines Agency (EMA) accepted two marketing authorization applications for its proposed biosimilar...

HR

Avg Blue-collar Hourly Wage Climbs 13.5% in Q2

The average gross hourly pay rate for blue-collar workers in Hungary climbed 13.5% to HUF 2,104 in the second quarter...

Construction

Hungaroring Upgrade Set to Finish by Spring of 2026

A HUF 105 billion upgrade of the Hungaroring race track on the outskirts of Budapest is planned to be completed...

Pharma

Mining Data to Save and Improve Lives Thru Cancer Treatment

Medical advances in the past 100 years mean we are more likely to live longer. Today, the focus is centered...

Science

The Best New Cancer Therapy? The old one, With Better Targeting

Research examining patient attitudes indicates that a significant part of society views cancer as a “death sentence.” In fact, science...

New Projects

Everguest Unveils AI-Driven Tourism Solution, Attracting International Interest

Hungarian tourism startup Everguest is looking to revolutionize the tourism and hospitality sectors by leveraging artificial intelligence to enhance operations...

Office Market

Newmark VLK Identifies Opportunities for Office Redevelopment

Hundreds of thousands of square meters of office space are expected to become available in Budapest as state organizations relocate...

Office Market

New Tenants at Academia Offices

Several high-profile office deals were signed in H1 2024 at ConvergenCE's Academia Offices, involving companies like Saab, Shapr3D, and Roland...

Retail

Competition Office Launches Probe of Aldi

Hungary's Competition Office (GVH) on Thursday announced the launch of a probe against the local unit of German supermarket chain...

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...