Business

Inside View

Fiduciary Asset Management: Don’t Repent at Leisure From Work Done in Haste

2023 was all about fiduciary asset management (family trusts or family foundations) in the lives of Hungarian business-owning families. Because...

Sustainability

ESG Compliance in Hungary: Changes, Requirements and Deadlines

With the implementation of the ESG Act by the Hungarian Parliament, alongside additional requirements for domestic companies set by the...

Sustainability

Safeguarding Supply Chains: Navigating Global Changes with ESG-compliant Resilience Strategies

The dynamic landscape of trade barriers and heightened regulatory demands necessitates a fundamental realignment of international supply chains. However, the...

Telco

Wider Margins Lift Magyar Telekom Earnings

Magyar Telekom's net income climbed 25% to HUF 79 bln in 2023 as margins improved, news agency MTI writes, citing...

Construction

Debrecen Developing Eastern Portion to Become Residential

Debrecen (225 km east of Budapest) mayor László Papp spoke about infrastructure development in the eastern part of the city...

Innovation

Festipay Supplies Bahrain GP With Cashless Payment Solution

Festipay is supplying a cashless payment solution for the Bahrain International Circuit (BIC) when it hosts the 2024 Gulf Air...

Automotive

Rába Earnings Fall as Margins Squeezed

After-tax profit of Hungarian automotive industry company Raba fell 27% to HUF 1.2 billion in 2023 as costs climbed, an...

Office Market

New Tenants Moving Into Wing’s Liberty Building This Summer

Four new tenants will be moving into Liberty, Wing’s mixed-use development, in summer 2024. Coop, FedEx, Praktiker, and 3 Print...

Office Market

Graphisoft Park Earnings Rise 31% in 2023

After-tax profit of Graphisoft Park, which owns and operates a business park in the north of Budapest, rose 31pc to...

Podcasts

Dissecting Economic Challenges From Inflation to Energy

The BBJ CEO Boardroom Meeting took place February 22., over breakfast in the beautiful Matild Palace Hotel, with experts discussing...

Manufacturing

Poland Industrial Output Rebounds in January

Poland's industrial production rose 1.6% year-on-year in January, reversing a revised 3.5% fall in December, figures from the Central Statistical...

HR

Latvia’s Unemployment Level Grows in January

The actual unemployment level in Latvia was at 7.1% in January, 0.7 percentage points more compared to the same month...

Construction

2023 Saw Slump in Housing Construction, Permits

In 2023, some 18,647 new dwellings were built in Hungary, 9.2% fewer than a year earlier. The number of dwellings...

Logistics

Minister Issues Designations for 18 More Logistics Parks

Another 18 logistics parks have been officially designated, the National Economy Ministry said on Tuesday, according to a report by...

Podcasts

A Look at the Defense Industry

This CEO Business Breakfast, hosted by the German-Hungarian Chamber of Industry and Commerce (DUIHK) in partnership with the Budapest Business...

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...