Business

Manufacturing

Czech Manufacturing Contraction Eases in February

The Czech Republic's manufacturing PMI increased to 44.3 in February from 43 in the previous month, survey data from S&P...

Residential

Housing Market Recovered in February

Offers on the residential real estate market for sale increased in monthly and annual comparisons in February, while demand also...

Appointments

Gellért Berkes Named Property Management Head at ConvergenCE

Gellért Berkes took over as head of property management at ConvergenCE on January 1, 2024, the company tells the Budapest...

Automotive

AutoWallis Registers Over HUF 360 bln in Revenue in 2023

Car sales and mobility service provider AutoWallis Group registered a record revenue of HUF 366 billion in 2023, according to...

Deals

Bourse Acknowledges ‘Best of BSE’ 

The Budapest Stock Exchange recognized last year's outstanding capital market players at its "Best of BSE" awards last week, according...

HR

Number of Registered Jobseekers Falls 4% in a Year

The number of registered jobseekers in Hungary reached 235,413 in February, down 4% from the same month a year earlier,...

Interview

British Chamber Networking for Better Bilateral Outcomes

Nine months into his latest two-year term as chairman of the British Chamber of Commerce in Hungary, Duncan Graham shows...

Transport

Ryanair to add 6 Routes, Aims to be Hungary’s #1 Airline in 2024

Ryanair will add six new routes and base two more aircraft at Budapest’s Ferenc Liszt Airport this summer, Michael O’Leary,...

Fintech

Money Motion 2024: The Future of FinTech Unfolds in Zagreb

This March, Zagreb, Croatia becomes the epicenter of the FinTech revolution, hosting the eagerly anticipated Money Motion 2024 conference...

Automotive

Chinese Investors Lead the Charge in Boosting Hungarian Automotive

Hungary aims high in embracing investments that will deliver automotive’s electric transition. BYD’s multibillion-euro EV plant in Szeged and a...

Appointments

Colette Matz Named New Country President of Novartis Hungary

Colette Matz takes over from Matt Zeller as country president of Novartis Hungary this month....

Construction

Inventory Revaluation, FX Loss Put Masterplast in Red

Listed building materials maker Masterplast booked a net loss of EUR 15.7 million in 2023, practically level with its profit...

HR

1/3 Passively Looking for New Job

Research conducted by profession.hu in the first quarter of 2024 reveals that 36% of the Hungarian population aged 18-65 are...

Retail

Lithuania Retail Sales Growth Eases in January

Retail sales in Lithuania slowed 0.6% year-on-year in January from an upwardly revised 2.1% rise in the previous month, data...

Retail

Pepco Hungary Loses EUR 15 mln in Phishing Attack

The Hungarian business of European discount retailer Pepco Group has suffered a phishing attack, resulting in about EUR 15 million...

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...