Business

Residential

Apartment Ownership up Among 30-59-year-olds

The proportion of people who own their own apartment among 30-59-year-olds has increased significantly in four years, from 64% to...

Deals

Business Chamber, Ministry Sign Cooperation Agreement

The Hungarian Chamber of Commerce and Industry (MKIK) signed a cooperation agreement with the Culture and Innovation Ministry on Monday,...

Industrial

Wing Completes Hall in East Gate Pro Business Park

East Gate Pro Business Park, Wing’s latest industrial development project, has reached a new milestone with the delivery of hall...

Deals

Wolf Theiss Assists VIG With Strategy to Increase Stake in VIG Magyarország

Wolf Theiss is advising Vienna Insurance Group (VIG), with regard to all legal and regulatory aspects related to the purchase...

Science

Miskolc U, FGSZ Partner on Methane Measurement Project

The University of Miskolc and Hungarian gas transmission system operator FGSZ Földgázszállító are cooperating on a HUF 869 million project...

HR

Unemployment Rate at 4.1% in October

The unemployment rate in Hungary stood at 4.1% in October 2023, up from 3.9% in September, according to data by...

Manufacturing

Color Pack Completes EU-funded Investment

Hungarian printing company Color Pack has completed an expansion and upgrade at its base in Nyiregyhaza (207 km northeast of...

Manufacturing

Lithuania Industrial Output Rebounds in October

Industrial production in Lithuania increased 0.6% year-on-year in October, recovering from a downwardly revised 2.4% fall in the previous month,...

Logistics

Waberer’s Plans Logistics Base in Debrecen

Listed Hungarian hauler Waberer's has announced plans to build a more than 20,000 sqm logistics base in Debrecen, according to...

Interview

Celebrating 25 Years of Success in Moving and Relocation

The Budapest Business Journal talks with Adrienne Deák, managing director of EuroMove & Relocation, about the company’s journey and the...

Interview

Promoting a Better Future for All by Being Penny-wise

Having previously served as chief operating officer of the Penny network in the Czech Republic, Mathias Mentrop took over as...

Logistics

Magyar Posta to Raise Letter Rates

Magyar Posta will raise its rates for letter delivery from January 1, the state-owned postal company said on Friday, according...

Deals

MBH Bank Acquiring Majority Stake in Fundamenta

Hungary’s MBH Bank Nyrt. signed a share purchase agreement with the Austrian Bausparkasse Wüstenrot AG and the German Wüstenrot &...

Science

AstraZeneca, Semmelweis Uni Announce Strategic Collaboration

AI and data science have revolutionized many areas of healthcare in recent years. Still, real breakthroughs can be hindered because...

Logistics

WLP and RaktárAD top out Magna International Plant

The Belgian-Hungarian WLP (Weerts Logistics Parks) and RaktárAD have topped out a 40,000 sqm logistics and production plant for 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...

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...

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...