Business

Construction

Slump Continuing in Housing Construction

In the first three quarters of 2023, 10,808 new homes were built in Hungary, 21% fewer than a year earlier,...

Deals

Gránit Bank Closes Acquisition of Controlling Stake in Diófa

Gránit Bank on Friday announced the close of its acquisition of a majority stake in fund manager Diofa, which has...

Innovation

KSH, Nat’l Library to Digitalize 150 Years of Statistics

The Central Statistical Office (KSH), the KSH Library, and the National Szechenyi Library (OSZK) will digitalize 150 years of statistics...

Fintech

The New Financial Horizon

The rise of financial technology (FinTech) has seen remarkable growth worldwide in recent years. The FinTech sector is constantly evolving,...

Pharma

EC Clears Richter Drug for Symptomatic Treatment of Endometriosis

The European Commission has approved Hungarian pharmaceutical company Gedeon Richter's drug RYEQO for tge treatment of endometriosis symptoms, Richter and...

Residential

Hgroup Completes Investment in Professione Casa

Listed real estate broker Duna House announced that its Italian unit, Hgroup, completed an investment and cooperation agreement with Professione...

Office Market

Limited new Office Development in Budapest

The Budapest office pipeline is limited; builders are exercising caution, and new projects are not being initiated in an uncertain...

Interview

Finding the Human Touch to Make Sustainability Meaningful

The Budapest Business Journal asked three of CPI Hungary’s leading experts to discuss how sustainability features throughout their day-to-day work....

Office Market

Developments Still Ongoing in Some Sectors Despite the Challenging Market Environment

While there are substantial pipelines for the industrial and hotel markets in Hungary, things are more limited for offices, and...

Industrial

Industrial Demand Remains High in Hungary

The industrial pipeline is strong, and demand remains high, although vacancy rates are rising in an uncertain economic environment. Logistics...

Office Market

Developers Juggling Multiple Demands and Challenges

Development in the various real estate markets in Hungary is impacted by concerns about demand and concluding the preleases that...

Retail

E-commerce and Spending Power Concerns Continue to Constrain Retail Development

Retail and shopping center development remains constrained by the increasing use of e-commerce and concerns over spending power. There are...

Automotive

OMV Setting up 28 EV Chargers in Hungary

OMV Hungária Ásványolaj Kft. has announced that the company will start the setup of a network of 28 EV charging...

HR

Number of Registered Jobseekers Down 4% y.o.y. in October

The number of registered jobseekers in Hungary reached 226,233 in October, edging down 0.7% from a month earlier and falling...

Office Market

Turbine Chooses Corvin Innovation Campus as HQ

Digital biopharma research and development R&D company Turbine has set up its brand-new headquarters in the Corvin Innovation Campus on...

Inside View

Investing in Hungary’s Wind Renaissance: What Wind Tender Means for Stakeholders

Hungary has launched its most ambitious wind energy initiative in nearly two decades, opening a new chapter in the country’s...

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...

Inside View

Energy Efficiency Also a Tax Opportunity

Diversifying Hungary’s energy supply has been on the agenda for years. The rapid expansion of solar power is a major...

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

Chamber of Commerce Corner, October 2, 2026

This regular section of the Budapest Business Journal features news and events from various international business chambers. For further information...

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...

Investing in Hungary’s Wind Renaissance: What Wind Tender Means for Stakeholders

Hungary has launched its most ambitious wind energy initiative in nearly two decades, opening a new chapter in the country’s...

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,...

Energy Efficiency Also a Tax Opportunity

Diversifying Hungary’s energy supply has been on the agenda for years. The rapid expansion of solar power is a major...

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...

Chamber of Commerce Corner, October 2, 2026

This regular section of the Budapest Business Journal features news and events from various international business chambers. For further information...