Business

Office Market

Regus Fészek Office Building Opens in Pécs

Fressnapf International Business Services (Fibs) the international business center of the Fressnapf Group, Europe's leading omnichannel pet supplies retailer, opened...

Science

Hungary R&D Spending Reaches HUF 1.032 tln in 2023

Spending on research and development in Hungary reached HUF 1.032 tln in 2023, data compiled by the Central Statistical Office...

HR

Counties Top up Summer Jobs Scheme Funding

Counties have earmarked close to half a billion forints for a program that places students in temporary jobs this summer,...

Automotive

AutoWallis’s Retail Sales See Continued Growth

The increase in new vehicle sales at the AutoWallis Group’s Retail Business Unit significantly surpassed both the Hungarian and regional...

Innovation

50% of Ransomware Victims Saved by Backups

More than half of the Hungarian companies attacked by ransomware in 2023 used their own data backup methods and did...

Residential

Home Rental Rates in Hungary Rise 10.3% in June

Home rental rates in Hungary rose 10.3% year-on-year in June, data compiled by the Central Statistical Office (KSH) from listings...

Appointments

Alex Henriksen Named Tetra Pak’s Managing Director for Eastern Europe

Tetra Pak announced the appointment of Alex Henriksen as its managing director for the Eastern European region, effective August 1,...

Logistics

Hungary’s Largest Speculative Industrial Property Nearing Completion

Hungary's largest speculative industrial property, developed by HelloParks, is nearing completion. The 60,000 sqm BigBox-type AN1 warehouse will be ready...

Transport

Watchdog Fines Booking.com Operator HUF 383 mln for Non-compliance

Hungary's Competition Office (GVH) on Monday said it fined the operator of booking.com close to HUF 383 million for failing...

Construction

Construction Output up 7.2% Year-on-year

Construction output volume in Hungary, based on raw data by the Central Statistical Office (KSH), surpassed the previous year’s level...

Science

Hungarian Unis Advance in QS Ranking

Some eight Hungarian universities have advanced in the latest annual ranking of higher education institutions in Europe by Quacquarelli Symonds...

Interview

Three Years a Charm for Matild Palace

On June 28, the Matild will celebrate the third anniversary of its opening as the Matild Palace, a Luxury Collection...

Interview

Bringing Scottish and Hungarian Hospitality Together

Cameron McNeillie, general manager of the Dorothea, a Marriott International Autograph Collection hotel, talks to the Budapest Business Journal about...

Interview

Travel the World in (Less Than) 80 Days at Balaton’s BalaLand

The Mövenpick BalaLand Resort Lake Balaton probably has one of the most unusual hotel names in Hungary. General manager Peter...

Interview

In Celebration of Gresham Palace, a ‘Love Letter to Budapest’

Thibaut Drege, the general manager of the Four Seasons Gresham Palace Budapest, looks back on 20 years of success at...

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...