Business

Appointments

New Country Managing Partner at EY Hungary  

Tamás Vékási has been appointed as country managing partner (CMP) of EY Hungary, the Big Four company tells the Budapest...

Innovation

Hungarian Tech Companies Highlighted in Deloitte Regional Report

A total of five Hungarian companies have been included in the Deloitte Technology Fast 50 Central Europe 2023 report, news...

Deals

PwC Announces New Office in Debrecen

PwC Hungary will be opening a new office in Debrecen. With this initiative, the 1,100-strong business consultancy firm seeks to...

Pharma

MSD Pharma Hungary, Pécs U Sign Cooperation Deal

MSD Pharma Hungary, the local unit of U.S.-based drug maker Merck, signed a cooperation agreement with the University of Pécs...

Fintech

Sziget Festival Announces Partnership With Revolut

Sziget, one of the biggest music and cultural festivals in Europe (hosting over 400,000 participants each year), announced a partnership...

Construction

Building Material Makers Cut Production Amid Dropping Demand

Local building material makers have cut production amid big drops in demand, the professional association Méasz said, according to uzletem.hu....

Retail

Poland Retail Sales Recover in October

Poland's retail sales increased for the first time in nine months in October, figures from the Warsaw-based Central Statistical Office...

Residential

Demand for Newly Built Apartments Falls

Due to the relatively large sizes of the available real estate, high loan interest rates, and the increase in construction...

Automotive

Hankook Tire to Invest HUF 210 bln at Plant in Hungary

South Korea's Hankook Tire will invest HUF 210 bln to add bus and truck tyre capacity at its base in...

Manufacturing

Poland Industrial Production Recovers, Producer Prices Fall Further in Oct

Poland's industrial production expanded for the first time in nine months in October, while producer prices continued their falling trend,...

Construction

Market Építő H1 Revenue Reaches HUF 146.6 bln

Net sales revenue of Hungarian construction company Market Építő reached HUF 146.6 bln in the first half, a report posted...

Deals

4iG Outlines Strategic Partnership With Rheinmetall

Listed Hungarian ICT company 4iG outlined its strategic partnership with Rheinmetall in a presentation to investors at the German defense...

Innovation

Constitutional Amendment Would Pave Way for Digital IDs

The government submitted an amendment to the constitution to lawmakers on Tuesday that would allow the state to assign citizens...

Office Market

Volvo Hungária New Head Office Reaches Structural Readiness

The new Volvo Hungária Kft. base in Ecser, which will be the company's most modern and greenest building complex, has...

Manufacturing

Moldova Industrial Output Rises in September

Moldova's industrial production increased 1.5% year-on-year in September, following an upwardly revised 0.1% rise in the previous month, web portal...

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...