Business

Innovation

Hungarian Companies Participate in EU Cloud Computing Project

The Hungarian companies 4iG and E-Group ICT Software are among 19 businesses participating in a European Union project to support...

Manufacturing

Coca-Cola HBC Hungary Inaugurates Production Line in Dunaharaszti

Coca-Cola HBC Hungary inaugurated its newest, ultra-modern production line in Dunaharaszti on Tuesday in the presence of Minister of Foreign...

Deals

Gránit Bank, Óbuda Uni Enter Strategic Cooperation

Gránit Bank and Óbuda University have entered into a strategic cooperation, the university announced yesterday, according to profitline.hu....

Manufacturing

Estonian Industrial Output Shrinks at Softer Pace in Oct

Estonia's industrial production shrank at a softer 12.2% year-on-year in October, following an upwardly revised 13% fall in the previous...

Automotive

BorgWarner Investing HUF 25 bln in Oroszlány

U.S. automotive industry supplier BorgWarner will invest HUF 25 billion at its base in Oroszlány (70 km west of Budapest),...

Deals

Wolf Theiss Advises Kyoto Group on HaaS Delivery to Kall Ingredients

Wolf Theiss Budapest has acted as lead legal counsel to Kyoto Group during the contractual phase of the project to...

Manufacturing

Bulgaria Producer Prices Drop Again in October

Producer prices in Bulgaria fell for the seventh consecutive month to 20.1% year-on-year in October, from a 24.3% drop in...

Residential

Hungary Home Sales Climb 10% in November

Home sales in Hungary rose 10% year-on-year to 8,800 in November, a monthly estimate by listed real estate broker Duna...

Automotive

Motorists Pay HUF 52,599 in Annual Vehicle Insurance Premiums

Hungarian motorists paid almost HUF 52,500 for their annual compulsory vehicle insurance premiums, on average, in the third quarter, according...

Interview

UniCredit Predictions on Growth, Inflation and EUR/HUF

The Budapest Business Journal sat down with Dan Bucsa, chief CEE economist of UniCredit Group, the Hungarian bank’s chief economist,...

Sustainability

Market Group Switching to Sustainable Operations Within 3 Years

The Market Group will switch to sustainable corporate operations within three years, the construction industry player said in its sustainability...

Office Market

BSCs an Essential Part of Budapest Office Market Development

Hungary, and Central Europe in general, has successfully promoted itself as advanced but cost-effective business destinations for international companies looking...

Interview

Thermo Fisher Looking to Expand GBSC Despite Hiring Challenges

To enable customers to make the world healthier, cleaner and safer is the mission of Thermo Fisher Scientific, which opened...

Manufacturing

Production Resumes at Ganz’s Szolnok Plant

Production at the Ganz Metal Works plant in Szolnok restarted this week. The site, which was bought back by the...

Telco

Financial Expenses Put 4iG in Red

Listed ICT company 4iG booked a HUF 6.4 billion loss for Q1-Q3 as financial expenses weighed, state news wire MTI...

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....