Business

Transport

Wizz Air selects Cluj Airport to serve Transylvania in Romania

Wizz Air announced that it would operate all of its flights serving Transylvania in Romania from Cluj-Napoca International Airport and...

Deals

Economic tensions rise as euro, oil prices surge to record

Finance ministers and central bankers from the world’s leading industrial nations are meeting in Washington Friday amid signs of renewed...

Deals

Economic tensions rise as euro, oil prices surge to record

Finance ministers and central bankers from the world’s leading industrial nations are meeting in Washington Friday amid signs of renewed...

Deals

EBay loses more than 936 mln USD in Q3 on Skype charges

Although the e-commerce juggernaut eBay has record revenue of $1.89 billion in the Q3, its net loss is more than...

Deals

EBay loses more than 936 mln USD in Q3 on Skype charges

Although the e-commerce juggernaut eBay has record revenue of $1.89 billion in the Q3, its net loss is more than...

Deals

Hungary: October deficit better than expected

In October, the budget deficit –counted without municipalities’ finances- will be Ft 31.9 billion, projected the Finance Ministry (PM)....

Deals

Hungary: October deficit better than expected

In October, the budget deficit –counted without municipalities’ finances- will be Ft 31.9 billion, projected the Finance Ministry (PM)....

Telco

Bank of America profit slows as investment losses swell

Bank of America, the nation’s second-largest banking group, said Thursday that its Q3 profit slowed sharply to $3.7 billion largely...

Telco

Bank of America profit slows as investment losses swell

Bank of America, the nation’s second-largest banking group, said Thursday that its Q3 profit slowed sharply to $3.7 billion largely...

Deals

Bawag likely to also sell stake in Hungary’s MKB bank in future

Austrian banking group Bawag P.S.K. AG is likely sell off its 10% stake in Hungary’s MKB Bank Nyrt, according to...

Deals

Bawag likely to also sell stake in Hungary’s MKB bank in future

Austrian banking group Bawag P.S.K. AG is likely sell off its 10% stake in Hungary’s MKB Bank Nyrt, according to...

Deals

OMV stands by MOL offer, MOL rebuffs

Austrian oil firm OMV told Reuters on Wednesday it stands firmly by its offer for Hungarian rival MOL and may...

Deals

OMV stands by MOL offer, MOL rebuffs

Austrian oil firm OMV told Reuters on Wednesday it stands firmly by its offer for Hungarian rival MOL and may...

Deals

Austrian BAWAG bank sells CEE subsidiaries

The owners of Austria’s BAWAG bank, US-based hedge funds Cerberus, is speeding up the bank’s consolidation process, reversing course in...

Deals

Austrian BAWAG bank sells CEE subsidiaries

The owners of Austria’s BAWAG bank, US-based hedge funds Cerberus, is speeding up the bank’s consolidation process, reversing course in...

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...