Business

Residential

Duna House Commissions Revenue Climbs 6% in Q3

Commissions revenue of Duna House's franchise network rose 6% year-on-year to HUF 3.3 billion in the third quarter, the listed...

Retail

Traditional Stores Still More Popular Than Online Shops

The rise of e-commerce solutions has led many in the retail industry to believe that traditional stores are on the...

Automotive

AutoWallis Becomes Regional MG Parts Distribution Partner

Saic Motor and the AutoWallis Group have entered into an agreement making the Hungarian company MG’s vehicle parts distribution partner...

Retail

Romania Retail Sales Slightly up in August

Retail sales in Romania rose 1.1% year-on-year in August, easing from an upwardly revised 1.4% increase in the previous month,...

Deals

Roche, University of Pécs Sign Cooperation Deal

One of the world's largest biotechnology companies and Hungary's oldest university signed a cooperation agreement in Pécs on Wednesday. The...

Retail

Slovak Retail Trade Shrinks Less in August

Retail sales in Slovakia fell by 2.1% year-on-year in August, easing from a 4.4% plunge in the prior month, data...

Manufacturing

Estonian Industrial Output Shrinks at Faster Pace in August

Estonia's industrial production dropped 11.9% year-on-year in August, following a 9.5% fall in the prior month, data from the Tallinn-based...

Deals

State Selling Stake in Magyar Posta Life Insurance Units

State-owned Corvinus International Investment has launched the sale of its 66.9% stakes in the life and general insurance units of...

Logistics

Faedra22 Business and Industrial Park Handed Over and Fully Leased

The nearly 16,500 sqm Grade “A” category, light industrial and logistics facility, Faedra22 was handed over in Budapest during the...

Innovation

AI Awareness High in Hungary, While Usage Remains Low

A significant majority of Hungarians (91%) have heard of artificial intelligence, but only 12% have used a program based on...

Appointments

Dentons Strengthens Budapest Dispute Resolution and Arbitration Team

Global law firm Dentons has strengthened its Litigation, Dispute Resolution, and Arbitration in Budapest with the recruitment of litigation partner...

Residential

Successful Share Issue of Wing’s Subsidiary in Poland

Archicom, a company of Echo Investment Group focusing on residential developments, raised PLN 220 million in a new share issue....

Retail

Retail Sales Down 7.1% y.o.y. in August

In August 2023, retail sales in Hungary decreased by 7% according to raw data, and by 7.1% when adjusted for...

HR

Romania Jobless Rate Slightly Down in August

Romania's seasonally adjusted unemployment rate edged down to 5.4% in August from a 5.5% rise in the previous month, data...

Science

Hungarian-born Physicist Ferenc Krausz Shares Nobel Prize

The Hungarian-born physicist Ferenc Krausz was announced the joint winner, together with his French colleagues Pierre Agostini and Anne L'Huillier,...

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...