Business

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,...

Manufacturing

Industrial Producer Prices Fall in April

Industrial producer prices in Hungary were 2% lower on average in April 2024 compared to one year earlier, according to...

Logistics

Construction Work Underway on New Rossmann Base in Hungary

The management of Rossmann, together with the investor, the developer and the contractor, celebrated the erection of the first columns...

Residential

Close to 5,000 City Dwellers Apply for Home Purchase Subsidies

Almost 5,000 applications were submitted for the Home Purchase Subsidy Scheme (CSOK) Plus for city dwellers in the first four...

Retail

Latvia Retail Trade Contracts in April

Latvia's retail sales contracted by 0.2% year-on-year in April, after an upwardly revised 3.4% increase in the prior month, figures...

Automotive

Average HUF 56,400 Compulsory Vehicle Insurance Premium in Q1

Hungarian auto owners paid almost HUF 56,400, on average, for their annual compulsory vehicle insurance premiums in the first quarter,...

Automotive

Falling Revenue, Narrower Margins Put Rába in Red

Hungarian automotive industry company Rába booked a first-quarter loss of HUF 191 million as revenue declined and margins deteriorated, state...

Sustainability

Modernization Could Save 16% of Annual Energy Consumption

Hungary could save 16% of its annual energy consumption if all energy-obsolete residential and public buildings were modernized, writes Másfélfok,...

Retail

Lithuania Retail Sales Growth Eases in April

Retail sales in Lithuania eased to 3.4% year-on-year in April from a downwardly revised 4.5% rise in the previous month,...

HR

Gov’t Aims to Increase Employment Rate to 85%

The government's goal is for the employment rate of the 20-64 age group to increase from the current 81% to...

Construction

1st Phase of Hungaroring Upgrade Completed

The first phase of an upgrade of the Hungaroring race track on the outskirts of Budapest, home to the Formula...

Pharma

Gov’t, Pharma Association Sign Cooperation Agreement

The National Economy Ministry and the Hungarian National Association of Pharmaceutical Manufacturers (Magyosz) signed a cooperation agreement on Tuesday, according...

Manufacturing

Bosnia Industrial Output Down in April

Industrial production in Bosnia and Herzegovina fell by 3.6% year-on-year in April, contracting slower than the 9.4% plunge in the...

Residential

Movement Already Visible on Sublet Market

While the sublet market's primary season begins in two months, movement is already visible, according to profitline.hu....

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...