Business

Sustainability

Real Estate Experts Expect Wave of Modernization

The EU Taxonomy and ESG directives already require an immediate change of approach for medium-sized companies. In a year or...

Residential

Price of Resale Flat in Capital Climbs to HUF 933,000/sqm

The average price of a resale flat in Budapest rose 12% year-on-year to HUF 933,000 per square meter in the...

Manufacturing

N. Macedonia Industrial Output Growth Slows in June

Industrial production in North Macedonia eased to 3.7% year-on-year in June, from a 6.1% growth in the previous period, figures...

HR

Number of Warehousing, Logistics Temps up 10%

The number of temporary workers in the field of warehousing and logistics increased by 10% compared to the end of...

Appointments

New Managing Director at FrieslandCampina Hungary

Ferenc Szecskó took over as managing director at FrieslandCampina Hungary today, the company told the Budapest Business Journal....

Transport

Budapest Airport Passenger Traffic up 26.6% in H1 2023

Between January-June 2023, Ferenc Liszt International Airport registered some 6,683,524 passengers, up 26.6% compared to H1 2022, according to a...

Innovation

Hungary R&D Spending Close to HUF 887 bln in 2022

Spending on research and development in Hungary approached HUF 887 billion in 2022, data compiled by the Central Statistical Office...

Retail

Estonian Retail Sales Drop at Slower Pace in June

Estonian retail trade declined 8.1% year-on-year in June, following a 9.6% fall in the prior month, data from the Tallinn-based...

Residential

Subletting Supply Rises to Meet Student Demand

The national sublet market went into full gear after the higher education admission point limits were announced last week, according...

Construction

Home Building Permit Issues Plunge in H1

The number of home building permits issued in Hungary fell 38.6% year-on-year to 10,880 in the first half, data released...

Residential

Real Estate Prices Still Rising in Downtown Budapest

In the downtown districts of Budapest, both general prices, as well as price/sqm for an apartment have increased, according to...

Retail

Online Price Comparison Site Draws 650,000 Visitors

An online platform that compares the food prices of Hungary's biggest supermarket chains has drawn around 650,000 visitors since its...

Manufacturing

Ganz to Focus More on Solar Power Development, Sustainability

Ganz Transformer and Electric Rotating Machines has initiated a program focused on significant optimization of energy sustainability within their transformer...

Retail

Slovenia Retail Sales Decline Further in June

Retail sales in Slovenia declined 15.7% year-on-year in June, falling further from an 13.4% drop in the previous month, the...

Retail

Lithuania Retail Sales Fall for 5th Month in June

Retail sales in Lithuania fell by 0.5% year-on-year in June, marking the fifth straight month of decline, from a downwardly...

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...

Workload Outweighs Pay as Source of Workplace Distress

Workload, lack of recognition and job insecurity drive workplace distress among Hungarian employees, while pay remains their top priority, according...

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...