Business

Appointments

KPMG Announces 2 Partner Appointments

KPMG Hungary has announced the appointment of two new partners as of October 1, 2023. Ildikó Takács is the new...

Deals

4iG Signs MoU With Telecom Egypt on Submarine Cable

Listed Hungarian ICT company 4iG signed a memorandum of understanding with Telecom Egypt on the construction of a high-capacity submarine...

Manufacturing

Czech Manufacturing Contraction Continues in September

The Czech Republic's manufacturing sector continued its diminishing trend in September amid marked declines in output and new orders, survey...

Manufacturing

Poland Factory Activity Contraction Slightly Eases in Sep

Poland's manufacturing Purchasing Managers' Index (PMI) edged up to 43.9 in September, slightly easing from a 10-month low of 43.1...

Deals

EC Clears Acquisition of Dunaferr by Liberty Steel

The European Commission on Tuesday approved the acquisition of sole control of Hungarian steel maker ISD Dunaferr and blast furnace...

Appointments

Norbert Schőmer Appointed Atenor Hungary Country Director

Real estate developer Atenor has announced the appointment of Norbert Schőmer as its new country director for Hungary....

Retail

Serbia Retail Sales Fall in August

Serbia's retail sales decreased by a real 1.5% year-on-year at constant prices in August, after falling by an annual 3.2%...

HR

Labor Unions Welcome Collective Contracts Court Decision

Labor unions welcomed a decision by the Constitutional Court annulling provisions of the Labor Code affecting collective contracts, the National...

Transport

ÖBB Detaches Hungarian Direct Trains Due to Delays

ÖBB, the Austrian railway company, is to detach all Hungarian direct trains from the Western European network because of excessive...

Manufacturing

Thyssenkrupp Plans HUF 23 bln Expansion in Hungary

Germany's Thyssenkrupp plans a HUF 23 billion expansion at its camshaft and steering system plant in Jászfényszaru, Minister of Foreign...

HR

Unemployment Rate at 4% in August

The unemployment rate in Hungary stood at 4% in August 2023, according to data released by the Central Statistical Office...

Retail

Bosnia Retail Sales Rise in August

Retail sales in Bosnia and Herzegovina increased by 17.3% year-on-year in real terms in August, following an increase of the...

Innovation

AI in Private Healthcare: Doktor24 Partners With Startup

Doktor24 is introducing a technological innovation in patient care. A health assistant developed by Xund, a Hungarian-Austrian health digitalization startup,...

Science

Karikó and Weissman Receive 2023 Nobel Prize in Medicine

Katalin Karikó and Drew Weissman have been awarded the 2023 Nobel Prize in Physiology or Medicine for their discoveries concerning...

Automotive

Magyar Suzuki Turns out 500,000 S-Cross Models

The Hungarian unit of Japanese vehicle maker Suzuki has produced the 500,000th S-Cross model at its plant in Esztergom, Magyar...

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...