Business

Manufacturing

Liberty Steel, Cisdi Partner With Ministry on Dunaferr Decarbonization

Liberty Steel Group, China's Cisdi Engineering Company, and Hungary's Economic Development Ministry formed a partnership to prepare for the decarbonization...

Retail

Developers Close Price-monitoring Platform Loophole

Developers have closed a loophole that allowed supermarket chains to head a lowest-price ranking on a food price-monitoring platform even...

Appointments

New Managing Partner Appointed at Andersen Legal

Balázs Dominek joined Szabó, Kelemen & Partners Andersen Attorneys' (SZKT Andersen) four-member management team as managing partner at the beginning...

Retail

Albania Retail Sales Growth Speeds up in Q2

Albania's retail sales increased by a real 5.8% year-on-year in the second quarter of 2023, accelerating from a 4.7% growth...

Fintech

Hungarian Authorities Seize USD 1 mln of Cryptocurrency

Authorities of the National Tax and Customs Authority (NAV) have seized cryptocurrency with a value of USD 1 million from...

Deals

Hungary Could Return to MotoGP, WorldSBK Calendar

Dorna Sports, which owns MotoGP rights, and the Hungarian Mobility Development Agency (Humda) are exploring race venues for the near...

Retail

Jysk Revenue in Hungary Climbs 44%

Revenue in Hungary of Danish home furnishings chain Jysk rose 44% to over HUF 97 billion in the company's business...

Manufacturing

Ganz Celebrates 145 Years of Transformer Manufacturing

The Hungarian-owned Ganz Transformers and Electric Rotating Machines celebrates 145 years of its Electrotechnical Division this year....

Appointments

Energy Lawyer Márk Köles Joins RVD Partners

Márk Köles, an expert with 12 years of experience in energy law, has joined RVD Partners, the law firm tells...

Retail

Penny Works With Red Cross to Support Start of School

Penny has teamed up with the Hungarian Red Cross to facilitate the start of school for 300 children in need....

Pharma

CHMP Adopts Positive Opinion on Ryeqo for Treatment of Endometriosis

The Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has adopted a positive opinion...

Automotive

Automotive Industry Output up 14.4% y.o.y. in July

The output of the automotive industry, Hungary's most significant manufacturing sector, rose 14.4% year-on-year in July, albeit slowing from a...

Deals

Egészsége-dreher! Brewery Invests for the Future

Like much of the local market, the venerable Hungarian beer producer Dreher is battling to recover from COVID and cope...

Office Market

CPI: Developers Must Walk the Sustainability Talk

Landlords have a critical role in raising sustainability awareness among their staff, tenants and the broader society and establishing two-way...

Retail

Price-monitoring Platform Shaves Over 0.5 pp off CPI

An online platform that monitors the prices of a broad range of food products at Hungary's biggest supermarket chains has...

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...