Business

Automotive

Stellantis Aims to Start Production of EDMs in Hungary in Late 2026

Stellantis targets the start of production of electric drive modules (EDMs) at its plant in Szentgotthárd late in 2026, the...

Residential

National and Capital Real Estate Prices Diverge

National and capital real estate prices followed different paths in January, with housing prices decreasing minimally nationally, while a significant...

Automotive

AutoWallis Marks 5th Anniversary on BSE

Executives of car seller AutoWallis ceremoniously rang the opening bell of the Budapest Stock Exchange yesterday to mark the fifth...

Construction

Hungaroring Upgrade Advancing ‘Full Steam Ahead’

The upgrade of the Hungaroring race track on the outskirts of Budapest, home to the Formula 1 Hungarian Grand Prix,...

Automotive

Online Car Shopping Popularity Grows, but Dealerships Retain Importance

Almost everyone now searches online when buying a new car, but the majority still sign a contract at a dealership,...

Transport

Wizz Air Improves Environmental Rating

Wizz Air received a “B” score in the 2023 climate ranking by the global environmental disclosure nonprofit organization CDP, improving...

Manufacturing

Slovakia Industrial Output Slows on Year in December 

Industrial production in Slovakia fell 0.1% year-on-year in December, slowing from a 1.9% fall in the previous month, the Slovak...

Innovation

Hungarian Innovation Grand Prix Receives 56 Applicants

The Hungarian Innovation Association announced that various Hungarian companies had submitted a total of 56 applications for the Hungarian Innovation...

Automotive

German Carmakers Part of Chinese Firms’ Attraction to Hungary – Szijjártó

Minister of Foreign Affairs and Trade Péter Szijjártó pointed to the role German car makers have played in making Hungary...

Transport

MÁV-Volán Group Passenger Numbers Reach 837 mln in 2023

The number of passengers on trains and buses of state-owned MÁV-Volán group climbed by 118 million to 837 million in...

Telco

Digi to Raise Subscription Fees 

Telecommunications service provider Digi will raise its subscription fees for broadcast, internet, and voice services from May 1, the company...

Automotive

80,000-plus Vehicles With Green License Plates

According to the January 2024 data series, more than 88,000 EVs and hybrids are driving in Hungary with light green...

HR

Czech Jobless Rate Rises in January

The Czech unemployment rate rose to 4% in January, slightly above from market estimates of 3.9% and compared to 3.7%...

Interview

Ford Fuelling Growth Through a Winning Product Portfolio

Andrea Laky, managing director of Ford for Hungary and the Czech Republic, talks with the Budapest Business Journal about how...

Transport

Volánbusz Promises a Hygenic Commute Back to the Office

Increasing numbers of surveys show employers becoming less open to the idea of employees working from home. It stands to...

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...