Business

Retail

Latvia Retail Sales Rebound in December

Latvia's retail sales rose by 1.1% year-on-year in December, following a downwardly revised 1.9% decline in the prior month, figures...

Telco

Consumers Buying Fewer Single-service Telco Packages

The proportion of customers using only one service has decreased sharply in the last four years, the Communications Directorate of...

Automotive

Primary Owner Supports AutoWallis Growth With Capital Increase of HUF 5.7 bln

The primary owner is supporting AutoWallis’s plans for international growth with a capital increase of HUF 5.7 billion, strengthening the...

Deals

Richter Becomes Strategic Investor in Formycon

Hungarian pharmaceutical company Gedeon Richter on Monday announced the acquisition of a 9.08% stake in German biosimilar maker Formycon, according...

Retail

Trade in Fakes Hits Hungary

Trade in counterfeit merchandise has cost Hungarian companies EUR 189 million in lost revenue and resulted in 4,466 job losses,...

HR

Avg Hourly Rate for Blue-collar Workers up Almost 20% in Q4

The average gross hourly pay rate for skilled and unskilled blue-collar workers in Hungary climbed 19.8% to HUF 1,952 in...

Retail

Lithuania Retail Sales Jumps, Industrial Production Falls in December

Lithuania's retail sales increased 1.9% year-on-year in December from 0.1% rise in the previous month, data from Statistics Lithuania (LS)...

Residential

BYD Plant Spurs Housing Boom in Szeged, Csongrád

The housing market in the city of Szeged and Csongrád County switched to a higher speed after China's BYD announced...

HR

Unemployment Rate Stagnant at 4.2% in December

The unemployment rate in Hungary stood at 4.2% in December, remaining practically unchanged compared to the previous month, according to...

Pharma

Gov’t Aims to Reduce Burden of Global Minimum Tax for Pharma Sector 

The government aims to offer support to pharmaceutical manufacturers to ensure the global minimum tax presents "the smallest possible burden",...

Logistics

Nyíregyháza Upgrading Infrastructure for HUF 192 bln 

Nyíregyháza (250 km) is plowing close to HUF 192 billion into infrastructure upgrades at an industrial park in the south...

Pharma

Richter Expects to Pay HUF 8 bln in Windfall Profit Tax in 2024

Hungarian pharmaceutical company Gedeon Richter said it expected to pay about HUF 8 bln in windfall profit tax in 2024...

Residential

Hungary Home Prices Edge Higher – MNB

Home prices in Hungary rose 1.5% year-on-year in the third quarter, data released by the National Bank of Hungary (MNB)...

Deals

MNB-EduLab, Metropolitan Uni Sign Agreement

MNB-EduLab Nonprofit Kft. and Budapest Metropolitan University signed a cooperation agreement to improve young people's financial awareness and financial culture,...

Transport

Wizz Air Books EUR 105.4 mln Loss

Hungarian low-fare carrier Wizz Air booked a EUR 105.4 million after-tax loss in the third quarter of its business 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...