Business

Manufacturing

Czech Industrial Output Shrinks in July

The Czech Republic's industrial production contracted for the first time in six months in July as output declined in all...

Innovation

Samsung SDI to Invest HUF 22.5 bln in R&D Project in Hungary

South Korea's Samsung SDI will invest HUF 22.5 billion in a research and development project in Hungary, Minister of Foreign...

Retail

Hungarian Retail Sales Keep Falling in July

In July 2023, Hungarian retail sales fell by 7.7% according to raw data, and by 7.6% when adjusted for calendar...

Appointments

Dentons Budapest Appoints Ambassador Zombori as Partner

The Budapest office of Dentons, one of the largest international law firms globally, has appointed Ambassador Dóra Zombori to a...

Telco

Increase in Hungarians’ Demand for Mobile Internet

Analysis from Yettel Hungary shows that Hungarians' demand for mobile internet has increased significantly, with August being the busiest month...

Automotive

LG Magna Building 1st European EV Parts Plant in Miskolc

LG Magna e-Powertrain, a joint venture (JV) between LG Electronics (LG) and Magna (Magna) formed in 2021, announced at IAA...

Logistics

Infogroup Completes 1st Phase of IGPark Kecskemét South

Just a few months after completing a 19,000 sqm hall in Miskolc, Infogroup has handed over another development: the first...

Telco

Vodafone Emergency App Helps in Over 20,000 Cases

The ÉletMentő (LifeSaver) application was launched by the Vodafone Hungary Foundation and the National Emergency Service in 2020 as a...

Deals

State to Sell Stakes in Magyar Posta Insurance Businesses

State-owned Corvinus International Investment Company will sell its 66.9% stakes in the life and general insurance units of state-owned postal...

Transport

Flydubai Offering Special Fares to Exotic Destinations This Month

Dubai-based airline Flydubai is offering special fares to a number of popular holiday destinations including Dubai, Maldives, Sri Lanka, Thailand,...

Automotive

Used Car Imports Down Nearly 8% in August

Used car imports in Hungary fell 7.5% year-on-year to 8,977 in August, listings site JoAutok.hu said on Tuesday, citing figures...

Appointments

Ákos Kovách Promoted to Partner at Hogan Lovells Partos & Noblet

Hungarian associate law firm Hogan Lovells Partos & Noblet has announced the promotion of Ákos Kovách to partner....

Manufacturing

Estonian Industrial Production Plunges in July

Estonia's industrial production shrank at a softer pace of 9.5% year-on-year in July, from an upwardly revised 12.6% fall in...

Residential

Duna House Q2 Profit Falls 7%

The second-quarter after-tax profit of listed real estate broker Duna House fell 7% year-on-year to HUF 839 million, according to...

Interview

Local Expertise in Today’s Fluctuating Construction Market

The construction market, including engineering services, today is more competitive than ever before, with a multitude of challenges making it...

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...