Business

Business

Bill Banning Sales of Energy Drinks to Minors Submitted

Lawmakers of KDNP, of the governing Fidesz-KDNP alliance, have submitted a bill to parliament that would prohibit the sale of...

Deals

Special Effects Acquires Ownership Stake in DMC Agency

One of Hungary's leading event service providers has announced acquiring a stake in Motivation Global Ltd., thereby strengthening the longstanding...

Retail

Latvia Retail Sales Fall in February

Latvia's retail sales fell by 0.4% year-on-year in February, after a downwardly revised 1.2% decline in the previous month, figures...

Retail

Estonia Retail Sales Drop in February

Estonian retail trade shrank by 2.7% year-on-year in February, following a 6.7% fall in the previous month, data from Statistics...

HR

Number of Registered Jobseekers Falls 3% in a Year

The number of registered jobseekers in Hungary reached 236,051 in March, down 3pc from the same month a year earlier,...

Construction

Buyers Spent 7% More on Building a Home Than Last Year 

Buyers spent 7% more than last year, almost HUF 43 million, on building a home at the beginning of 2024,...

Deals

Waberer’s Group Closes Acquisition of 55% Stake in MD Int’l

Listed Hungarian hauler Waberer's International on Thursday announced that its wholly-owned unit WSZL closed the acquisition of a 55% stake...

Residential

Rent Subsidy Program Could Cleanse Sublet Market

The state rent subsidy programs starting in the spring can contribute to the cleaning of the sublet market, according to...

Office Market

Good Hungarian Representation at Mipim 2024

Against a background of a challenging economic and geopolitical environment, more than 20,000 real estate and investment professionals from 90...

Automotive

Mercedes-Benz Manufacturing Hungary to Raise Wages

Mercedes-Benz Manufacturing Hungary will raise wages by 8% from April 1 and by another 5% from April 1, 2025, a...

Residential

Young People Primarily Buying Second-hand Homes

Second-hand homes, which are 20% cheaper than the national average price, are the favorite among the youngest age group present...

HR

Hungarians Unhappy With Salaries, Saving Wherever They Can

As in most HR Matters columns, we start this month with the GKI Economic Sentiment Index, composed of two elements:...

Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practice

Schoenherr has reinforced its M&A practice in Central Eastern Europe with the new hire of Miklós Klenanc, senior attorney at...

Telco

Yettel to Wind up Network Upgrade in 2024

Telco firm Yettel will finish a network upgrade program launched in 2020 this year, deputy-CEO György Koller said on Wednesday,...

Science

Popular Pain Meds Could Worsen Some Disease Symptoms

Non-steroidal anti-inflammatory drugs (NSAIDs), such as those containing ibuprofen or acetylsalicylic acid, can potentially worsen the symptoms of certain diseases...

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...