Business

Construction

Hungarian Construction Industry Employing 15,000-20,000 Foreigners

Hungarian construction industry companies employed between 15,000 and 20,000 foreigners in 2023, industry association Évosz said on Tuesday, according to...

Manufacturing

Ganz Rotating Machine Division Returns Successfully to the Int’l Market

Representatives of Ganz Transformers and Electric Rotating Machines (Ganz) have signed six new international contracts worth a total of EUR...

Automotive

Rába, Nurol Makina Set up JV

Hungary's Rába Vehicle and Nurol Makina Hungary, the local unit of Turkish defense industry company Nurol Makina, signed documents on...

Construction

Construction Sector Output Edges up 0.1% y.o.y. in October

The output of Hungary's construction sector edged up 0.1% year-on-year in October, after falling 6% in the previous month, according...

Residential

Real Estate Prices Declined in November

Hungary saw a decrease in real estate prices in November, according to infostart.hu. The average fall was 0.2%, but there...

Innovation

Femtonics Set to Close 2023 With Turnover of Over HUF 4 bln

Hungary's Femtonics, which makes laser scanning microscopes, expects turnover to more than triple in 2023, the company told MTI....

Science

Debrecen Uni Sets up Pilot Research Lab 

The University of Debrecen (225 km east of Budapest) wound up a project to set up a pilot research laboratory...

Inside View

Investment 2023 Chapter Closes, and 2024 Opens, but What Changes?

Another year, another crisis. What’s new? COVID may have almost disappeared, but the war in Ukraine drags on with no...

Deals

Hungary Partners With Rheinmetall on Tank Development

The Hungarian government has joined forces with Rheinmetall on the development of a next-generation battle tank in the framework of...

Manufacturing

ZF to Invest HUF 24 bln in EV Components Production in Hungary

German automotive industry supplier ZF will invest HUF 24 billion at its bases in Kecskemét and Debrecen, Minister of Foreign...

Sustainability

Access4you Joins RICS Tech Partner Program

Access4you International has joined the RICS Tech Partner Program, and as a member of this collaboration platform, Access4you has become...

Automotive

Automotive Industry Output up 4.9% y.o.y.

The output of the automotive industry, Hungary's biggest manufacturing sector, rose 4.9% year-on-year in October, accelerating from a 1.2% increase...

Deals

MultiHome Acquires Helvid

Listed Hungarian real estate broker MultiHome has signed an agreement on the purchase of 100% of Helvid, a packaging manufacturer...

Automotive

2023: A Year of Developments for Magyar Suzuki

2023 was an eventful year for Magyar Suzuki, bringing numerous successes. All of this is due to the organizational and...

Residential

Realis Development Enters Real Estate Market

Realis Development, a new development company brought to life by three experienced real estate market players, has entered the Hungarian...

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....