Business

Interview

MBH Bank Going Ahead With Ambitious Plans After Merger

The Budapest Business Journal talks with Péter Balogh, managing director of MBH Bank’s large corporate lending and special finance, about...

Inside View

Accommodating to Changes and the Benefits of AI

The property market in Central and Eastern Europe is again facing severe challenges in 2023. Development costs are high, bank...

Transport

Wizz Air Suspends Operations at Albania’s Kukes Airport

Hungarian low-cost carrier Wizz Air has suspended all of its flights to and from the Kukes airport in northern Albania...

Retail

Orbán Vows Crackdown on ‘Profiteering’ Supermarket Chains

Prime Minister Viktor Orbán said officials would escalate a crackdown on unjustified food price hikes at multinational supermarket chains in...

Interview

Future Getting Greener in the Industrial Property Market

The industrial and logistics sector has undergone a remarkable transformation in recent years. Manufacturing and assembly companies have started stockpiling...

Interview

Budapest Affiliate Plays key Roles in ExxonMobil’s Energy Operations, Transition

Prominent on a purpose-built tall office block and in bright red letters, the name ExxonMobil greets thousands of travelers leaving...

Interview

AmCham: Building Relevance by Adding Value

The American Chamber of Commerce in Hungary has been the guardian of the U.S. business ethos in this country for...

Logistics

CEE Continues to Attract Industrial Developers

The Central European logistics and industrial markets have been thriving with regard to development and demand. However, total stock in...

Logistics

Provincial Hubs Beginning to Grow in Secondary Cities

Developer-led industrial development is finally extending to regional hubs across Hungary as in other Central European countries. With total stock...

Logistics

Budapest’s Logistics and Industrial Boom Continues

With industrial and logistics demand remaining high and vacancy at record lows, the boom in the sector is continuing. Analysts...

Office Market

Increasing Rates of Office Vacancy in Budapest

Companies hoping to relocate their businesses are trapped in a rigid office market, according to an analysis of H1 office...

Deals

Montenegro Gov’t, 4iG Ink Partnership Deal

ICT company 4iG Group has signed a memorandum of understanding with the government of Montenegro regarding speeding up digital transition...

HR

Fewer Workplace Accidents Last Year

Some 21,273 work accidents occurred in Hungary in 2022, of which 68 were fatal, writes hrportal.hu....

Manufacturing

Sunwoda Building HUF 580 bln Plant in Nyíregyháza

Chinese battery maker Sunwoda will build a HUF 580 billion plant in Nyíregyháza (240 km northeast of Budapest), Minister of...

Office Market

MBH Gondoskodás Funds Pick H2Offices as HQ

Skanska secured MBH Gondoskodás Health and MBH Gondoskodás Pension Funds as new tenants of the first phase of H2Offices, according...

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...