Business

Residential

Share of 1st Time Home Buyers Climbs

The share of first-time buyers on Hungary's real estate market is on the rise, supported by lower interest rates, the...

Office Market

IWG Set for Record Network Growth

Flexible workspace provider IWG anticipates record network growth in 2024, as businesses of all sizes embrace the benefits of hybrid...

HR

Hungary Labor Market Reserve Over 300,000

Hungary's potential labor reserve reached 315,000 people in the fourth quarter, data compiled by the Central Statistical Office (KSH) show....

Transport

Spring Maintenance Continuing on Railway Line to Austria

Spring maintenance will continue on the railway line linking Budapest to Austria, Hungarian State Railways (MÁV) said in a press...

Construction

Slovak Construction Output Drops at Softer Pace in February

Slovakia's construction output fell 0.4% year-on-year in February, easing sharply from a 10% decline in the previous month, data released...

HR

Close to 93,000 Foreign Nationals Employed in Hungary

About 92,700 foreign nationals were employed in Hungary in 2023, data compiled by the Central Statistical Office (KSH) show....

Transport

Wizz Air’s 1st Debrecen-Istanbul Flight Takes Off

Discount airline Wizz Air has launched its first flight between Debrecen and Istanbul, according to a press release sent to...

Residential

Home Rental Rates in Hungary Rise 11.7% in March

Home rental rates in Hungary rose 11.7% year-on-year in March, data compiled by the Central Statistical Office (KSH) from listings...

Construction

Construction Output Volume Rises in February

Construction output volume, based on raw data by the Central Statistical Office (KSH), surpassed the previous year’s level by 3.2%...

Manufacturing

Slovenia Industrial Output Rises in February

Slovenia's industrial production rose by 2.7% on the year in February, rebounding from a revised 3.5% fall in the previous...

Automotive

Automotive Sector Output Edges up 1.6% in February

The output of the automotive industry, Hungary's biggest manufacturing sector, edged up 1.6% year-on-year in February, rising after a three-month...

Automotive

Szeged Muni Council Clears Road to Service BYD Plant

The local council of Szeged (163 km southeast of Budapest) voted on a road that will service an electric vehicle...

Automotive

Automotive Faces a Bumpy Road Ahead Again in 2024

Automotive in Hungary had a tough but successful year in 2023. The near future looks equally challenging; will it be...

Automotive

Close to 2,500 Companies Apply for EV Subsidies

Close to 2,500 businesses have submitted applications for subsidies in a scheme to support purchases of EVs, the Energy Affairs...

Residential

Energia21 Members Welcome Gov’t Home Renovation Scheme

Members of Energia21, an initiative to accelerate the transition to a green economy, welcomed the recent announcement of a subsidy...

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...