Business

Appointments

Flóra Baranyi Joins ConvergenCE Construction & Project Management Team

Flóra Baranyi has joined ConvergenCE's construction and project management team, bringing aboard almost two decades of professional experience, the company...

Sustainability

Allee Shopping Center GRESB ESG Rating, Affirmed as One of Europe’s Most Sustainable Retail Destinations

Allee Shopping Center in Budapest was assessed as one of the most sustainable shopping centers on the continent. Having secured...

Deals

Gránit Bank to Acquire Local Leasing Businesses of De Lage Landen Int’l

Gránit Bank is acquiring the Hungarian leasing businesses of De Lage Landen International, based in the Netherlands, the lender said...

Automotive

Automotive Industry Output Falls 1.7% in November

The output of the automotive industry, Hungary's most significant manufacturing sector, slipped 1.7% year-on-year in November, falling for the first...

Interview

Largest Pharmaceutical Wholesaler Gets Fresh Expert Management

Hungaropharma Gyógyszerkereskedelmi Zrt. turns 75 in 2024, and Judit Füzesi, a member of the senior management since 2011, took over...

Transport

Air China to Add Beijing-Budapest Flight

Air China will add a third weekly flight between Beijing and Budapest from April, Ferenc Liszt International operator Budapest Airport...

Construction

Construction Output Down 12.8% y.o.y. in November

Construction output volume, based on raw data, lagged behind the previous year’s level by 12.8% in November 2023, according to...

Appointments

New Partner Heading Jalsovszky Law Firm’s Tax Advisory Group

After four years of experience in Big 4 tax advisory firms and a nine-year career at the Jalsovszky Law Firm,...

Construction

Slovakia Construction Output Rises in November

Slovakia's construction output increased 6.9% year-on-year in November from a 5% rise in the previous month, data from the Slovak...

HR

Craftsmen Earnings up Significantly Since 2020

The earnings of craftsmen have increased significantly since 2020, according to the business daily Világgazdaság....

Residential

Duna House Projects 110,000-130,000 Home Sales in 2024

Home sales in Hungary are expected to reach 110,000-130,000 this year, listed real estate broker Duna House said on Friday,...

Transport

CJEU Dismisses Wizz Air Appeal Concerning Aid for Tarom

The Court of Justice of the European Union (CJEU) on Thursday dismissed an appeal by Hungary's Wizz Air concerning a...

Manufacturing

Slovenia Industrial Output Falls in November

Slovenia's industrial production dropped 0.8% year-on-year in November, after showing no growth in the previous month, data from the Ljubljana-based...

Automotive

BYD Announces 3rd Dealer in Hungary

China's BYD, the world's biggest electric vehicle maker, on Thursday announced the appointment of its third dealer in Hungary: Schiller...

Manufacturing

CATL Announces Another Investment in Debrecen

Contemporary Amperex Technology Co. Limited (CATL) is setting up a plant for the storage and assembly of devices suitable for...

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...