Business

Automotive

Mitsubishi plans to build off-road carmaker in Russia

Japan’s Mitsubishi Motors Corp. will soon unveil the plans for constructing a carmaker in Russia, Reuters reported with reference to...

Deals

Aviva signs JV with Poland’s BZ WBK

Life insurer Aviva has entered into a 15 years bancassurance partnership with Bank Zachodni WBK to sell life and general...

Deals

Aviva signs JV with Poland’s BZ WBK

Life insurer Aviva has entered into a 15 years bancassurance partnership with Bank Zachodni WBK to sell life and general...

Pharma

Russia completing talks on gas supplies to Ukraine, Baltics

Russia is completing talks on natural gas supplies until 2011 to Ukraine and the Baltic states and hopes to avoid...

Pharma

Russia completing talks on gas supplies to Ukraine, Baltics

Russia is completing talks on natural gas supplies until 2011 to Ukraine and the Baltic states and hopes to avoid...

Deals

Hungary: Higher than expected deficit

The Finance Ministry expects a Ft 172.2 billion budget deficit in November, taken without the municipalities, meaning that deficit is...

Deals

Hungary: Higher than expected deficit

The Finance Ministry expects a Ft 172.2 billion budget deficit in November, taken without the municipalities, meaning that deficit is...

Deals

Deutsche Telekom to cut 400 accounting, audit posts says report

German telecommunications operator Deutsche Telekom plans to downsize its accounting department and eliminate 400 jobs, or one-third of its workforce,...

Deals

Deutsche Telekom to cut 400 accounting, audit posts says report

German telecommunications operator Deutsche Telekom plans to downsize its accounting department and eliminate 400 jobs, or one-third of its workforce,...

Interview

EU FMs warn against Kosovo independence

European Union foreign ministers Monday warned Kosovo not to make any unilateral moves toward independence, after an elected Kosovo politician...

Interview

EU FMs warn against Kosovo independence

European Union foreign ministers Monday warned Kosovo not to make any unilateral moves toward independence, after an elected Kosovo politician...

Construction

Romania leads in European construction sector’s growth

Romania recorded this year the highest annual pace growth in the field of construction works (37.5%) in the European Union,...

Construction

Romania leads in European construction sector’s growth

Romania recorded this year the highest annual pace growth in the field of construction works (37.5%) in the European Union,...

Retail

SoftCon buys into Extrem Digital

Hungary’s market leader online electronics dealer, Extrem Digital Kft has sold a 25% stake to Switzerland-based SoftCon Intformatik AG, preparing...

Retail

SoftCon buys into Extrem Digital

Hungary’s market leader online electronics dealer, Extrem Digital Kft has sold a 25% stake to Switzerland-based SoftCon Intformatik AG, preparing...

Inside View

Investing in Hungary’s Wind Renaissance: What Wind Tender Means for Stakeholders

Hungary has launched its most ambitious wind energy initiative in nearly two decades, opening a new chapter in the country’s...

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...

Inside View

Energy Efficiency Also a Tax Opportunity

Diversifying Hungary’s energy supply has been on the agenda for years. The rapid expansion of solar power is a major...

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

Chamber of Commerce Corner, October 2, 2026

This regular section of the Budapest Business Journal features news and events from various international business chambers. For further information...

CBRE Hungary Expands China Desk as Chinese Clients Pursue European Projects

CBRE Hungary has appointed Tu Yunfeng as business development manager at its China Desk, expanding the Budapest-based team as Chinese...

Spar Files New EU Complaint Over Hungary’s Retail Tax

Spar has filed another complaint with the European Commission over Hungary’s retail sector tax, arguing that amendments offer relief only...

Investing in Hungary’s Wind Renaissance: What Wind Tender Means for Stakeholders

Hungary has launched its most ambitious wind energy initiative in nearly two decades, opening a new chapter in the country’s...

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,...

Energy Efficiency Also a Tax Opportunity

Diversifying Hungary’s energy supply has been on the agenda for years. The rapid expansion of solar power is a major...

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...

Chamber of Commerce Corner, October 2, 2026

This regular section of the Budapest Business Journal features news and events from various international business chambers. For further information...