Business

Retail

Slovenia Retail Trade Drops Further in August

Retail sales in Slovenia dropped 21.5% year-on-year in August, accelerating from a downwardly revised 16.2% fall in the previous month...

Deals

Corvinus Uni, ExxonMobil Sign Cooperation Deal

Corvinus University of Budapest and ExxonMobil Hungary have signed a strategic agreement, the school said in a press release this...

Residential

Green Homes Increasingly Important in Stagnating Housing Market

While the worst of the housing market predictions made at the end of 2022 did not become a reality, the...

New Projects

Lazy Felix Promises an end to Downloading to Upload

Serial entrepreneur András Györfi recently launched the browser extension Lazy Felix, which received its second round of funding from Hiventures...

Residential

Cordia Undertakes new Project as it Sells 10,000th Apartment

Residential developer Cordia International, the residential arm of the Futureal Group, has sold its 10,000th apartment. This is the result...

Automotive

AutoWallis Green Investment Project Value Reaches HUF 3 bln

The AutoWallis Green Finance Committee has prepared its annual Green Bond Allocation and Impact Report on the use and environmental...

Automotive

Gebrüder Weiss Doubles Its Electric Fleet

Bálint Varga, CEO of Gebrüder Weiss Kft., signed an agreement for the procurement of an additional 10 e-vans with Dávid...

Manufacturing

Austria Manufacturing Downturn Deepens in September

Austria's manufacturing activity deteriorated at an accelerated pace in September as new orders declined the most in more than two...

Automotive

BYD Announces 1st Dealers in Hungary

Chinese electric vehicle and battery maker BYD on Friday announced the appointment of its first dealers on the Hungarian market,...

Retail

Lithuania Retail Sales Shrink Sligthly in August

Retail sales in Lithuania fell by 0.9% year-on-year in August, the seventh consecutive month of decline in retail activity, although...

Manufacturing

Lego Invests HUF 54 bln in Expansion in Hungary

Danish toymaker Lego will invest around HUF 54 bln at its manufacturing base in Nyíregyháza, Minister of Foreign Affairs and...

Innovation

Revolutionary Rail Freight Transport Tech Presented in Budapest

Digital Automatic Coupling (DAC), a future-oriented technology for the railway sector, was presented to the authorities, leading representatives of Hungarian...

Construction

Kész H1 Revenue Climbs 29%

First-half net sales revenue of Hungarian construction company Kész rose 29% year-on-year to HUF 109.3 billion, an earnings report posted...

Retail

Media Markt Sanctioned for False Advertising

Hungary's Competition Office (GVH) on Wednesday announced it fined consumer electronics retailer Media Markt close to HUF 24 million for...

Fintech

Hungarians Embrace Bank Cards for Easier Donation Experience

On the occasion of World Day of the Deaf, Visa launched its "The Power of Touch is for All of...

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...