Business

Manufacturing

Bosnia Industrial Output Down in January

Bosnia's industrial production declined by 6.4% year-on-year in January, following a revised drop of 7.9% in December, according to figures...

Retail

Poland Retail Trade Grows in February

Retail sales in Poland rose by 6.1% year-on-year in February, up from a 3% increase in the previous month, data...

Transport

Waberer’s Net Income Climbs 54% in 2023

Net income of Hungarian hauler Waberer's rose 54% to EUR 29.7 million in 2023 as revenue climbed and financial losses...

Inside View

TOP 4 trends in taxation for 2024

There are no boring years in taxation. 2024 also promises exciting challenges for anyone involved in tax affairs....

Inside View

Millions of HUF are at Stake if you Don’t Know Your Tax Options

The final phase of the 2023 financial statements has started. Businesses with a regular fiscal year (Jan. 1-Dec. 31) have...

Science

Corvinus, Chinese Uni of Hong Kong Sign Research Cooperation Deal

Corvinus University of Budapest and The Chinese University of Hong Kong Shenzhen Research Institute signed a Memorandum of Understanding for...

Manufacturing

Ganz Delivers Hungary’s 1st Transformer With a Digital Twin

Hungary's first state-of-the-art transformer with a digital twin will soon put into operation in District XI of Budapest, with the...

Manufacturing

Poland Industrial Output Growth at 15-month High

Poland's industrial production rose 3.3% year-on-year in February, picking up from an upwardly revised 2.9% gain in the previous month,...

Deals

Metropolitan Uni, Giro Sign Cooperation Agreement 

The professional relationship between Budapest Metropolitan University (METU) and Giro Zrt., which provides intra-bank transfer services, has been strengthened through...

Construction

Shortage in Construction Industry Workers Decreases

The shortage of professionals in the construction industry decreased further in February, according to the latest research from Mapei Kft.,...

Manufacturing

Dyson Plans Investment in Hungary

Household appliances maker Dyson plans a "big Hungarian investment", Minister of Foreign Affairs and Trade Péter Szijjártó said in Singapore...

HR

Montenegro Jobless Rate Falls in Q4

Montenegro's unemployment rate fell to 12.2% in the fourth quarter of 2023 from 14.4% in the fourth quarter of 2022,...

Automotive

Audi Revenue up 8% Last Year

The revenue of the local unit of German automaker Audi rose 8% to EUR 9.102 billion last year, Audi Hungaria...

Manufacturing

Michelin’s Hungarian Factory Modernizes Curing Equipment

A major development has been introduced at the Michelin plant in Nyíregyháza, Hungary. The sports car tire factory is modernizing...

Innovation

NATO Expands Innovation Network in Hungary

NATO's Defence Innovation Accelerator for the North Atlantic (Diana) has announced it will expand its presence in Hungary, the Defence...

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...