Business

Interview

Making the Most of Hungary’s Unique Expat CEO Community

Chresten Bruun, the general manager of the Lego Factory in Nyíregyháza and the senior vice president of EMEA Manufacturing in...

Interview

Looking to Build Stronger, More Responsive Health Systems Together

The head of Roche Pharma International, Jörg-Michael Rupp was in Hungary recently. The Budapest Business Journal took the opportunity for...

Interview

Leading Thru’ Innovation: Colette Matz Discusses Novartis Hungary’s Plans

Colette Matz, the newly appointed leader at Novartis Hungary who replaced Matt Zeller, shares her excitement and vision for the...

Office Market

Wizz Air Relocates to new HQ in Millennium Tower

The Hungarian ultra-low-cost airline Wizz Air has relocated its headquarters to the Breeam-accredited Millennium Tower by TriGranit at the Millennium...

Pharma

Richter Shareholders Approve HUF 423/Share Dividend

Shareholders of Hungarian pharmaceutical company Gedeon Richter approved payment of a HUF 423-per-share dividend on last year's earnings at an...

Logistics

Rail Cargo Group Leases Logisztár Terminal to S. Korean Logistics Firm

Christoph Grasl, member of the board of Rail Cargo Group handed over the keys of the Logisztár Terminal operating in...

HR

Unemployment Rate at 4.4% in March

The unemployment rate in Hungary stood at 4.4% in March 2024, according to data by the Central Statistical Office (KSH)....

Automotive

Hungarian Gen Z Auto-buyers Prioritize Affordability

Although they are aware of climate change, Generation Z members in Hungary are less inclined to buy EVs or purchase...

Transport

LOT Seoul Flight Lands in Kazakhstan Due to Drunken Passenger

A direct LOT flight from Budapest to Seoul had to make an emergency landing in Kazakhstan due to the uncontrollable...

Deals

Hungary’s Largest ESG Consultancy Formed by Merger of EY, Denkstatt Services

With Denkstatt becoming a member of the EY Group, Hungary's largest sustainability consulting team has been formed. As a result...

Retail

Poland Retail Sales Growth Stable in March

Poland's retail sales expanded at a steady pace in March, figures from the Warsaw-based Central Statistical Office (GUS) showed on...

Retail

Spar Magyarország Revenue Climbs Close to 16% in 2023

Gross revenue of supermarket chain Spar Magyarország rose 15.8% to HUF 1.023 trillion last year, chairman-CEO Gabriella Heiszler said on...

Deals

Special Effects Expands Portfolio With Acquisition of Creative Agency

One of Hungary's leading event service providers, Special Effects, continues its strategic growth with the acquisition of Universum 8....

Manufacturing

Moldova Industrial Output Rebounds Sharply in February

Moldova's industrial production increased by 10% year-on-year in February, rebounding sharply from a downwardly revised 2.5% fall in the previous...

Interview

BioTechUSA CEO Charts Course for New Heights After Successful 2023

In an exclusive interview, Bálint Lévai, CEO and co-owner of BioTechUSA, discusses how strategic diversification and relentless focus on employee...

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...