Business

Innovation

Trade Wars Could Hinder Tech Advance, Minister Warns

National Economy Minister Márton Nagy acknowledged the increasingly important role of artificial intelligence and warned that trade wars could hinder...

Retail

Retail Sales up 4.2% in March

In March 2024, the volume of sales in retail trade increased by 3.6% according to raw data, and by 4.2%...

Automotive

New Car Registrations Climb 10% in Jan-Apr

The number of new passenger car registrations in Hungary rose 10.4% to 42,075 in January-April from the same period a...

Innovation

First Hungarian Satellite in Orbit by 2027, Says Economy Minister

The first Hungarian-made satellite could be put into orbit around the world by 2027-28, Minister of National Economy Márton Nagy...

Science

Szeged Biological Research Center Isolates Cells With AI Solution

A solution using artificial intelligence was developed for the recognition and isolation of certain cells by the staff of the...

HR

Number of Registered Jobseekers Falls 2%

The number of registered jobseekers in Hungary reached 230,551 in April, down 2% from the same month a year earlier,...

Construction

Market Építő Revenue up 5% Last Year

The net sales revenue of Hungary's Market Építő rose 5% to HUF 321.7 billion in 2023, according to an annual...

Inside View

Making Sustainability a Legal Obligation: the Hungarian ESG Act

Hungarian companies face accelerated environmental, social, and governance reporting obligations under the new ESG Act, reshaping corporate accountability and sustainability...

Inside View

Remuneration packages for satisfied and loyal employees

Employment-related costs, increasing fluctuation and workforce difficulties strengthen the need for Human Resources solutions. How to satisfy employees and whether...

Construction

Low Housing Construction Activity in Q1

In the first quarter of 2024, some 2,779 new dwellings were built, 23% fewer than a year earlier, according to...

Appointments

Szalóki to Co-lead Wolf Theiss’ Banking & Finance Practice in Budapest

Wolf Theiss has appointed Gergely Szalóki to co-lead its banking and finance practice in Budapest, the company tells the Budapest...

Deals

4iG Concludes Deal to Acquire 45% of Space Company Remred

4iG's space technology spin-off has signed an investment and shareholders' agreement to acquire 45% of Remred, a space engineering company,...

Sustainability

Clean Air in the Office Has Positive Impact on Work Efficiency

According to a Honeywell international survey of thousands of office workers, 93% of office workers surveyed have higher indoor air...

Retail

Latvia Retail Trade Jumps in March

Latvia's retail sales surged by 2.8% year-on-year in March, after a revised 0.3% decrease in the prior month, data from...

Transport

Ferenc Liszt Numbers Climb 20% in 2023

Passenger numbers at Budapest Ferenc Liszt International Airport rose 20% to 14,701,100 in 2023, according to data released by 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...