Business

Retail

Hungarian Retail Sales Stagnate in January

Retail sales in Hungary grew by about 0.6% year-on-year in January 2024, however, they remained unchanged compared to December 2023,...

Innovation

Continest Focuses on Product Development

Continest, which makes foldable containers that can be used as temporary accommodations, offices, or first aid stations, doesn't plan "significant"...

Deals

ANY Security Printing Sets up JV in US

Hungary's ANY Security Printing Company on Friday announced the establishment of a 51pc-49pc joint venture in the United States with...

Transport

Number of Vehicles With Green Plates Nears 91,000

There were 90,823 vehicles registered in Hungary with green number plates at the end of February, up from 88,229 at...

HR

WeAreOpen Reveals Women’s Day Action Plan to Tackle Wage Gap

WeAreOpen's new initiative aims to raise awareness of gender economic inequality and provide companies with concrete proposals for equal pay....

Innovation

Experts Assess Role of EDIH in the Hungarian Economy

Five EDIHs (European Digital Innovation Hubs), which provide free training and consultancy services to SMEs and public sector organizations, were...

Retail

Slovakia Retail Trade Rebounds in January

Retail sales in Slovakia grew 1.9% year-on-year in January, recovering from a downwardly revised 3.7% drop in the previous month,...

Deals

BSE, HBLF, IoD Spearheading Drive to Promote Diversity Among Business Leaders

The Budapest Stock Exchange (BSE), the Hungarian Business Leaders Forum (HBLF), and the Institute of Directors (IoD) have signed a...

Manufacturing

Hungarian Industrial Production Decreases in January

The volume of industrial production in Hungary dropped in January 2024 by 3.6% year-on-year, while based on working-day adjusted data,...

Deals

Richter Agrees to Buy out Partner in German JVs

Hungarian pharmaceutical company Gedeon Richter on Wednesday announced an agreement to buy out its German partner Helm's stakes in joint...

Retail

OMV to Sell Medicines at Nearly 100 Stations in Hungary

From this spring, 99 OMV service stations across Hungary will offer over-the-counter medicines. As part of the distribution in cooperation...

Automotive

AutoWallis Enters Czech Retail Market With an Acquisition

The AutoWallis Group is continuing its international expansion after agreeing on the purchase of the Czech Stratos Auto’s BMW business...

Retail

Estonia Retail Sales Continue to Fall in January

Estonian retail trade fell by 6.7% year-on-year in January, further slipping from a 5.4% drop in the previous month, data...

Construction

Évosz Puts Home Completions Around 15,000 in 2024

The number of homes completed in 2024 could approach 15,000, construction industry association Évosz said on Tuesday, state news wire...

Transport

Freight Volume Flat in Q4

Freight volume in Hungary reached 67.2 million tonnes in the fourth quarter, practically level with the same period a year...

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...