Business

Deals

Employers, Unions Reach Minimum Wage Deal

Employers and unions reached an agreement on minimum wage rises at a forum yesterday, Minister of Economic Development Márton Nagy...

Ecosystem

Finance Ministry Expects 3-4% GDP Growth in 2024

Hungary’s economy is expected to grow by 3-4% in 2024, Minister of Finance Mihály Varga told a meeting of the...

Ecosystem

Fewer Companies Plan to Invest, DUIHK Survey Finds

The latest survey of business sentiment conducted by the German-Hungarian Chamber of Industry and Commerce (DUIHK) shows fewer companies have...

Automotive

Audi Hungaria’s Dintner Given Hungarian Order of Merit

Alfons Dintner, the chairman of Audi Hungaria, was presented with the Knights Cross of Hungarian Order of Merit by Minister...

Office Market

Entire Floor of Office Area Rented at ZenGarden

Office complex ZenGarden has recently seen the signing of another long-term lease agreement. ConvergenCE has entered into a new agreement...

Automotive

Half of Hungarians Use 16-plus Year Old Autos

Some 51% of Hungarian car owners use a car 16 years or older, which they bought for between HUF 1...

Construction

Slovakia Construction Output Jumps in September

Construction output in Slovakia rose 6% year-on-year in September, up from a 4% increase in the previous month, data from...

Retail

Online Price Platform Reduces Inflation by 0.4 pp

An online platform that monitors the prices of a broad range of food products at Hungary's biggest supermarket chains has...

Construction

Hungary Signs Construction Timetable for Paks II

Hungary signed a timetable for the construction of another two blocks at the Paks nuclear power plant on Tuesday, according...

Retail

Bulgaria Retail Sales Growth Marginally on Month in September

Retail sales in Bulgaria flattened year-on-year in September, the weakest performance since April, and following a 0.1% rise in August,...

Transport

Expansion of Debrecen Highway Completed

The expansion of highway number 33 to two lanes on the border of Debrecen (225 km east of Budapest), between...

Transport

Austrian Rail Development to Cut Time From Budapest to Vienna

The Austrian government plans to invest more than EUR 21 billion in railway development projects between 2024 and 2029, which...

Construction

Construction Output Volume Falls in September

Construction output volume in Hungary, based on raw data by the Central Statistical Office (KSH), was below the previous year’s...

Sustainability

Saving Energy Now a Moral and Strategic Issue

Property managers in the 21st century must realize that to earn the trust of tenants, they need a facility management...

Interview

The Runway to Success: ‘Putting Quality at the Heart of Every Decision’

Kam Jandu, the chief executive officer of Budapest Airport (BUD), the operator of Ferenc Liszt International Airport, discusses how innovations,...

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...