Business

HR

Foreigners Employed in Hungary, Hungarians Working Abroad Rise

The number of foreign workers employed in Hungary has climbed in recent years, in parallel with an increase in the...

Manufacturing

Poland Industrial Production, Producer Prices Fall in May

Poland's industrial production dropped 1.7% year-on-year in May, reversing a revised 7.8% rise in April, data released by the Central...

Innovation

Nearly 40% of Teachers Use AI

Nearly 40% of teachers and a third of students regularly use artificial intelligence, which nine out of 10 teachers say...

Residential

Prospects of Budapest Real Estate Investments in 2024

With its scenic beauty, rich heritage, and dynamic economy, Budapest stands as a promising destination for real estate investments, especially...

Office Market

Hungarian State Completes Majority Purchase of Budapest Airport

The purchase by the state of an 80% stake in Budapest Airport Zrt., the operator of Budapest Ferenc Liszt International...

Deals

Uni of Miskolc, CATL Debrecen Sign Cooperation Agreement

The University of Miskolc and CATL Debrecen have signed an educational cooperation agreement. Within the framework of this strategic partnership,...

HR

Croatia Unemployment Rate Falls in May

Croatia's unemployment rate fell further to 5% in May, the lowest since April 2023, data from the Croatian Bureau of...

Automotive

German, Austrian Travelers Spend Most Money in Hungary

German travelers to Hungary spent HUF 476 bln in the country last year, more than any other nationality, news agency...

Appointments

New CEO at the Helm of Citibank Europe

Citi has appointed Ignacio (Nacho) Gutiérrez-Orrantia as CEO of Citibank Europe plc (CEP)....

Appointments

New Passenger Car Sales Director at Mercedes-Benz Hungária

András Szabó has been appointed to the position of director of Passenger Car Sales at Mercedes-Benz Hungária Kft., effective May...

HR

Bulgaria Unemployment Rate Edges Down in May

Bulgaria's registered unemployment rate went down by a monthly 0.24 percentage points to 5.4% in May, the country's Employment Agency...

Deals

Gloster Wins EUR 15 mln BMW Contract

Listed Hungarian IT company Gloster on Wednesday said in a statement that it won a EUR 15 million software development...

Telco

Magyar Telekom Announces Share Buyback for June 19-26

Magyar Telekom will conduct a share buyback, announced in February, on June 19-26, the telco said in an announcement after...

Residential

Home Renovation Program Starts July 1

The home renovation program will start on July 1, supporting multiple activities, the Ministry of Energy and the Ministry of...

Retail

OMV Network to Get New, Modern Look in CEE

OMV is set to update the look of its service stations in the region: over the next three years, the...

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...