Business

HR

‘Complex Support’ Required to Place Much of Labor Market Reserve

State secretary for employment policy Sándor Czomba said "complex support" would be needed to integrate around two-thirds of the 300,000...

Appointments

DVM Group Strengthens With 2 New Directors

Integrated architectural and construction services provider DVM group is restructuring its design department. The company's managing partners have appointed Ákos...

Deals

TRP Hungary, Partners Acquire KymiRing Circuit in Finland

TRP Hungary has led a consortium of investors in acquiring the assets of the KymiRing racing circuit in Finland, the...

Construction

Preparations Begin for Rákosrendező Rehabilitation 

Around 65 parties using areas of the Rákosrendező train station and rail yard in the north of Budapest are being...

Manufacturing

Nestlé Hungaria to Plow HUF 55 bln Into Pet Food Plant

Nestlé will invest HUF 55 billion at its pet food plant in Bük, boosting capacity and creating 130 jobs, Minister...

Sustainability

Change Ahead on Corporate Loans: Banks to Screen for Sustainability Risks

Hungarian companies face significant changes in sustainability and ESG obligations this year, as was made clear at the Grant Thornton...

Deals

Gloster, Systemfarmer to Merge

Gloster has signed a contract to merge with Hungarian peer Systemfarmer, the listed IT company announced on Friday, according to...

Office Market

Office Usage Habits Changing, Value of Liveable Spaces Increasing

The coronavirus epidemic and the rise of the home office have shaken up the office market. In line with international...

Interview

Familiar Face now Beating the Drum for Bahrain

There was a familiar figure from Budapest’s former diplomatic corps among the Bahraini delegation in town in the last week...

Sustainability

Hungarian Architects Using Space Tech to Reduce Carbon Emissions

Hungarian architecture firm Paulinyi & Partners has signed a contract with the European Space Agency (ESA) to participate in the...

Office Market

Investment Activity Restrained Across CEE Region in 2023

Total CEE investment for 2023 stood at around EUR 4.9 billion, according to preliminary figures from Colliers. The forecast for...

Construction

Construction Sector Output Drops 4.3%

The output of Hungary's construction sector dropped 4.3% year-on-year in December, according to data released by the Central Statistical Office...

Automotive

Transformation of Driving Habits: 25-30% More People Used Carsharing in 2023

Three domestic carsharing providers, GreenGo, Wigo (known as Share Now) and MOL Limo, have collectively driven more than 70 million...

Residential

Home Rental Rates in Hungary Rise 12.6% in January

Home rental rates in Hungary rose 12.6% year-on-year in January, data compiled by the Central Statistical Office (KSH) from listings...

Manufacturing

László Bige Acquitted on Charges of Accepting Kickbacks

László Bige, the owner of Nitroglnművek, Hungary's biggest artificial fertilizer maker, was acquitted on charges of accepting kickbacks by an...

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...