Business

Innovation

Hungarian-Developed Drone Complete Final Test Flights

ProTAR, a Hungarian-developed unmanned aerial vehicle (UAVs) successfully completed its final test flights, according to a recent press release....

Retail

Penny Pledges to Increase Domestic Suppliers

Discount supermarket chain Penny pledges to increase the use of domestic suppliers in the expanded range of own-brand Magyar Termék...

HR

Challenges in Choosing a Workplace Without Experience

An expert from Profession.hu discusses employment-related questions that mainly affect career starters....

Appointments

New President Appointed at Nébih

Dr. Imre Nemes will assume the post of president at the head of the National Food Chain Safety Office (Nébih),...

Automotive

H1 EV Orders up Despite Expected Downturn

The number of newly sold electric cars in Hungary exceeded 2,918, in the first six months of 2023, according to...

Fintech

K&H Launches TikTok Channel

K&H was one of the first banks to launch its official TikTok channel in mid-August, featuring videos showing the functions...

Construction

Rosatom Subsidiary Breaks Ground on Paks II Blocks

The main contractor of the Paks II nuclear power plant project, Atomstroyexport, the nuclear power equipment and service exporter subsidiary...

Manufacturing

Rheinmetall Officially Opens Factory in Zalaegerszeg

Rheinmetall officially opened its new factory in Zalaegerszeg (215 km southwest of Budapest) on Friday, according to a recent press...

Deals

Cofidis Hungary Relocating HQ to H2Offices

Cofidis Hungary, operating in Hungary’s consumer credit market, has chosen H2Offices as their new headquarters, according to a recent press...

Retail

GVH Fines Tesco HUF 7 mln

Hungary’s Competition Authority (GVH) has imposed a HUF 7 million fine on the Tesco supermarket chain, according to profitline.hu....

Transport

Passenger Transport Firm Fined HUF 10 mln for Unauthorized Lending

The National Bank of Hungary (MNB) on Thursday said it fined B&B Travel Személyszállító HUF 10 million for providing loans...

Manufacturing

Romania Industrial Output Falls at Softer Pace in June

Industrial production in Romania shrank 5.5% year-on-year in June after an upwardly revised 5.8% drop in May, figures from the...

Retail

NAV Finds Irregularities at Lakeside Inspections

This year, the auditors of the National Tax and Customs Administration (NAV) are again inspecting catering establishments, beach vendors and...

Retail

GVH Finds Minor Shortcomings in Tesco Follow-up Probe

Hungary's Competition Office (GVH) on Thursday said it conducted a follow-up probe of commitments made earlier by the local unit...

Transport

Next Gasoline Price Hike Coming Tomorrow

The wholesale price of both gasoline and diesel went up by seven forints per liter each on Wednesday, and the...

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...