Business

Deals

WTS Klient-Finacont Merger Fully Completed

As of January 1, two of the leading players in the Hungarian accounting and tax advisory market, WTS Klient and...

Deals

State Dominates Transactions Market Once Again

The Hungarian state has been playing an active role in the acquisitions market for years, and 2023 also fits into...

Office Market

2023 a Restrained 12 Months for Deals

This has been a restrained year for development activity in the office and retail fields. That in the industrial and...

Manufacturing

Schneider Electric Invests Billions in Hungary in 2023

France's Schneider Electric has invested billions of forints at its plants in Hungary this year, the company told MTI....

Office Market

Q1-3 Real Estate Investment Lowest in CEE for a Decade

Investment figures for the first three quarters of the year (the most up-to-date statistics at the time of writing) have...

Appointments

Partner Promotion at Oppenheim

Oppenheim has announced that Dávid Hanis has been promoted to partner at the firm, effective January 1, 2024....

Automotive

BYD to Set up Plant in Hungary

China's BYD, the world's biggest electric vehicle maker, will build its first plant in Europe in the Hungarian city of...

Office Market

Academia Receives Well Pre-certification

ConvergenCE's Academia office building has received a Well pre-certification, according to a press release sent to the Budapest Business Journal....

Automotive

New Car Registrations in Hungary Fall Nearly 13% in November

The number of new passenger car registrations in Hungary dropped 12.6% year-on-year to 8,305 in November, news agency MTI writes,...

Telco

State Parting With 25% Stake in Yettel Hungary

State-owned Corvinus International Investment has signed agreements on the sale of its 25% stakes in Yettel Hungary and Yettel Real...

Sustainability

ESG Compatibility: The Future of the Real Estate Market

A paradigm shift in real estate development, rising vacancy rates, tenant caution and a change in the function of facilities...

HR

McDonald’s Units in Hungary to Close on December 24

In the interests of the company's workers and their families, McDonald's restaurants in Hungary will be closed from 6 a.m....

Retail

Albania Retail Sales up in Q3

Albania's retail sales increased by a real 5.6% year-on-year in the third quarter of 2023, slightly decelerating from a 5.8%...

Transport

Logistics Fees Could Increase 20-25% Next Year

Freight and logistics fees may increase by about 20-25% in 2024, according to the forecast of the Association of Hungarian...

Sustainability

Budapest Airport Publishes Its 2nd Sustainability Report

Budapest Airport published its latest sustainability report this month. The report for 2022 is Budapest Airport’s second report, following the...

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...

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...

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....