Business

Appointments

Hungarian Named VP of Digital Energy at Schneider Electric

Dániel Racsek was appointed vice president responsible for digital energy in the Southeast European region of Schneider Electric, holding his...

Residential

Homes Take Longer to Sell – Survey

The time to sell both new and resale homes grew in the first six months of 2023 compared to the...

HR

Estonian Jobless Rate up in Q2

Estonia's unemployment rate jumped to 6.7% in the second quarter of 2023, from 5.8% in the corresponding period of the...

Manufacturing

IBM to Close Down Plant Near Capital

IBM will close down its plant making high-capacity storage devices in Vác, near the capital, relocating production to Mexico, the...

Innovation

Samsung’s Latest Smart Devices Now Available in Hungary

The latest models of the Galaxy Watch6 and Galaxy Tab S9 series, as well as the Galaxy Z Flip5 and...

Automotive

Automotive Sector Output Growth Accelerates in June

The output of the automotive industry, Hungary's biggest manufacturing sector, rose 19.1% year-on-year in June, picking up from a 10.8%...

Logistics

Magyar Posta Completes Upgrade at SW Package Depot

State-owned Hungarian postal company Magyar Posta has put into operation an automated conveyor line at its package depot in Nagykanizsa,...

Transport

Single-Wagonload Subsidies Keep 7.2 mln t of Freight off Roads

Rail freight volume supported by government subsidies for single-wagonload transport has reached 7.2 million tonnes, state-owned railway company MÁV said...

Retail

Day-old Baked Goods Available at Half Price at Lidl

Baked goods have now also been included in the nationwide food rescue campaign at Lidl, the retail chain announced, according...

HR

Members of Gen Z Changing Workforce Expectations

According to the estimates of the World Economic Forum, members of Generation Z will make up 27% of the workforce...

Construction

Hungary Construction Output Decreases in June

According to raw data published by the Central Statistical Office (KSH), the volume of construction output lagged behind the previous...

New Projects

IBar Startup Receives HUF 170 mln Investment

IBar, a startup company in the hospitality industry developing mobile applications for restaurants, pizzerias, bars, nightclubs and hotels, has acquired...

Retail

Bulgaria Retail Sales up, Industrial Output Down in June

Retail sales in Bulgaria increased 2.4% year-on-year in June, accelerating from a 1.8% rise in the previous month, according to...

Manufacturing

Slovenia Industrial Output in June Falls on Year

Industrial production in Slovenia decreased 2.3% year-on-year in June, following an upwardly revised 2.2% drop in the previous month, data...

HR

Majority of Middle-Aged People Want to Retire at 57 – Survey

On average, middle-aged people in Hungary would like to retire at age 57 if they could, according to K&H's Secure...

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...