Business

Manufacturing

Latvia Industrial Production Contracts in April

Industrial production in Latvia tumbled by 7.7% year-on-year in April, the most in nearly a year, reversing from a downwardly...

Transport

Construction of Magnus Aircraft Manufacturing Base in China Underway

A manufacturing base in the Chinese city of Wuxi that will provide a home to a plant of Hungary's Magnus...

Transport

Budapest Airport Ends 2023 With a Profit of EUR 74 mln

Budapest Airport closed last year with a 20% increase in net revenue compared to 2022, at EUR 337.8 mln. The...

HR

Student Worker Wages Climb 14%

The average wage for student workers rose 14% to HUF 2,050 in January-April from the same period a year earlier,...

Retail

Serbian Retail Sales Rise in April

Retail sales in Serbia soared by 11.1% from the corresponding period of the previous year in April, to accelerate from...

Transport

Nova Post Hungary Launches European Deliveries

The Ukrainian-rooted logistics company Nova Post, which entered the Hungarian market in November 2023, has introduced a new service for...

Science

HCEMM: Making an Aging Society Work

Technological developments over the past two centuries have fundamentally transformed our relationship to health, disease and death. It is imperative...

Pharma

Richter, BioTalentum Projects Designated of ‘Common European Interest’

Projects undertaken by Hungarian pharmaceutical companies Gedeon Richter and BioTalentum have been designated "Important Projects of Common European Interest" (Ipcei)...

Retail

Estonian Retail Sales Fall at Softer Pace in April

Estonian retail trade dropped by 3% year-on-year in April easing from a 4.1% fall in the previous month, data from...

Innovation

Young Hungarians Increasingly Feel Impact of AI

Young Hungarians increasingly feel the impact of AI in their daily lives, according to a survey published by the Mathias...

Office Market

HB Reavis Aims to Become ‘Best, Most Efficient’ Asset Manager

When work commenced on Agora Budapest in March 2017, it was envisaged as a dual-phased multi-use complex. The original elements,...

Office Market

Office Demand Undergoing Fundamental Changes

As demand has fallen in the Budapest office market, overall vacancy has risen. There are other concerns at play, however,...

Office Market

Investment Market Entering Transitional Phase

High-end offices have traditionally been seen as a prize investment destination. However, as with other sectors, the market is going...

Interview

Celebrating the ‘Fingerprints’ of Architects and Investors

Zsolt Miklóshalmi, director of architecture at Óbuda Group, discusses the synergies between the architecture, interior design, sustainability consultancy, and project...

Office Market

CEE Office Markets Face Common Challenges

Office pipelines across Central and Eastern Europe are restrained, and few new projects have been initiated in what is an...

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...