Business

Pharma

Improved Margin, Financial Gain Lift Richter Earnings in Q1

First-quarter net income of Hungarian pharmaceutical company Gedeon Richter climbed 74% year-on-year to HUF 68.2 billion, boosted by wider margins...

Manufacturing

Slovakia Industrial Output Tumbles in March

Industrial production in Slovakia tumbled 6.9% year-on-year in March from an upwardly revised 0.1% rise in the previous month, data...

Residential

Graphisoft Park Weighs Residential Development

Graphisoft Park, which owns and operates a business park in the north of the capital, has signed a cooperation agreement...

HR

Czech Jobless Rate Down in April

The Czech unemployment rate edged down to 3.7% in April, in line with market expectations and from 3.9% in the...

Residential

1st-time Buyers Account for Over Quarter of Home Sales

First-time home buyers made up more than one-quarter of transactions in April, state news wire MTI writes, citing a report...

Transport

MÁV Launches Pre-season Timetable

The pre-season timetable of Hungarian State Railways (MÁV) started this week, according to a press release....

Office Market

BakerStreet’s 1st Building Gets Occupancy Permit

The first phase of Atenor's BakerStreet project in Budapest has successfully obtained its occupancy permit, according to a press release...

Sustainability

New Office Spaces a Sign of Workplace Culture Transformation

The post-pandemic era has brought significant changes in companies' perception of office spaces, placing a strong emphasis on promoting corporate...

Deals

4iG, Huawei Sign MoU on Joint Cloud Services Platform

Listed ICT company 4iG on Friday signed a memorandum of understanding with the local unit of China's Huawei on the...

HR

Managers Feel They Need More Frequent Training

STRT Holding has surveyed Hungarian entrepreneurs' experiences and expectations regarding further professional training, reports online business daily Világgazdaság....

Retail

Czech Retail Sales Rise in March

Retail trade in the Czech Republic rose 6.1% year-on-year in March, up from an upwardly revised 2.5% gain the previous...

Automotive

Production at Szeged BYD Plant Could Start in 2025

Production at the EV plant China's BYD is building in Szeged (175 km southeast of Budapest by road) could start...

Transport

BUD 1st in Region to Achieve 4+ Airport Carbon Accreditation

Even as final talks for a state takeover of Budapest Airport (BUD) continue (see below), the operator of Ferenc Liszt...

Interview

Lufthansa Technik Budapest Aims to Strengthen and Grow its Market Position

The Budapest Business Journal talks with Thoralf Wagner, CEO of Lufthansa Technik Budapest, about the aircraft maintenance industry globally and...

Science

Women at the Wheel: Girls’ Day at Bosch

For the 11th time, Bosch welcomed young women interested in science and technology to its annual Girls’ Day, held across...

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...