Business

Appointments

Change at Helm of Wallis Asset Management

Zsolt Müllner is leaving his position as CEO of Wallis Asset Management at his own request and will focus on...

Automotive

AutoWallis Publishes 2022 Sustainability Report

AutoWallis has published its Sustainability Report on the year 2022. According to the report, the company managed to outperform the...

Construction

Construction Output Volume Down 0.5% y.o.y. in August

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

Automotive

AutoWallis Navigates Global Shifts in Balancing Growth and Chinese Competitors

The AutoWallis Group’s public investor day revealed that, despite promising data and “robust growth,” the industry cannot ignore the advance...

Industrial

Emphasizing Group Efforts to fly to a Greener Future

Many of the jobs created in Hungary by German investors are value-added; it is one of the reasons the government...

Industrial

Navigating Change and Innovation: Doherty’s Journey From Birmingham to Hungary

Twenty-five years after his family business manufacturing electric motor shafts moved from the U.K.’s Birmingham to Orosháza, a city of...

Interview

German Business Presence in Hungary a Success Story we ‘Want to Continue,’ Says Ambassador

The 50th anniversary of diplomatic relations between Hungary and the Federal Republic of Germany will be marked on Dec. 21....

Incubators

Gov’t Relaunches Subsidy Scheme for Startup Incubators

Hungary's National R&D&I Office has relaunched a program to fund startup incubators with an allocation of around HUF 5 billion,...

HR

Workers Look to Keep Existing Jobs Amid Gloomy Fall News

At the start of last month, the Hungarian government received some news that was probably accompanied by a great sigh...

Office Market

ConvergenCE Officially Opens the Academia Office Center

The 12,500 sqm Academia office center redevelopment on the Pest embankment of the Danube in central District V has officially...

Retail

DKSZ Helping Hungarian E-merchants Conquer Int’l Markets

The Digital Commerce Association (DKSZ), an organization looking to help Hungarian e-merchants expand abroad, is officially launching its unique, free-of-charge,...

Construction

Slovakia Construction Growth Accelerates in August

Construction output in Slovakia expanded 4% year-on-year in August, following a 2.8% gain in the previous month, figures from the...

Logistics

Magyar Posta Inaugurates 500th Parcel Locker

State-owned postal company Magyar Posta inaugurated its 500th parcel locker at the Etele Plaza shopping center in the capital, according...

Appointments

Zita Erős Appointed HR Director at KPMG Hungary

Zita Erős took up the position of HR director at KPMG Hungary on September 4, 2023, the Big Four firm...

Manufacturing

Slovenia Industrial Output Drops in August 

Industrial production in Slovenia plunged 12.4% year-on-year in August, extending the downwardly revised 7% decrease in the previous month, data...

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...