Business

Residential

Real Estate Transactions Decline in Northern Agglomeration

The real estate market in the northern agglomeration of Budapest fell to a greater extent than in the capital, writes...

HR

BKV Offering HUF 500,000 Salary for Bus Drivers 

The Budapest Public Transport Company (BKV) will pay HUF 500,000 gross to qualified bus and trolleybus drivers who apply until...

Retail

E-Invoices May Become Mandatory From Next Year

Electronic invoices may become mandatory in Hungary from January 1, according to the business daily Világgazdaság....

Construction

Mapei Domestic Sales Slip 3% in H1

Domestic sales of the local unit of Italian building materials maker Mapei edged down 3.4% to HUF 16 billion in...

Residential

Home Prices Falling in Some Budapest Districts

The rise in second-hand housing prices in the capital has stopped in all segments this year, with home prices actually...

Retail

Hungary Video Game Market Could Reach HUF 100 bln

Hungary's video game market could reach HUF 100 billion this year, news agency MTI reports, citing research by Reacty Digital....

Automotive

AutoWallis Car Sales Climb 67% in H1

Listed car seller AutoWallis's vehicle sales rose 67% to 25,634 in the first half from the same period a year...

Podcasts

The Challenges of Autonomous Driving and Energy Diversification

The second BBJ CEO Boardroom Meeting of 2023 took place on June 15 at the Matild Palace Hotel. The panel...

Deals

Liberty Steel Pays About HUF 20 bln for Dunaferr Assets

Liberty Steel paid about HUF 20 billion for the assets of troubled Hungarian steel maker Dunaferr, Economic Development Ministry state...

HR

Fewer Teachers Entering Public Education

The total number of new teachers entering public education in the 2022/2023 school year was 1,884, but the number of...

Interview

Tourism and Business Travel Driving Hotel Occupancy

Stephan Interthal of the Kempinski Hotel Corvinus Budapest is one of the best-known and longest-serving general managers of an international...

Interview

‘Bringing Back to Life’ Hungary’s Castles and Palaces

In December 2022, Zsanett Oláh was appointed head of the NÖF National Heritage Protection and Development Non-profit Ltd., which is...

Logistics

Gebrüder Weiss to Set up Base in Páty

Gebrüder Weiss (GW) is set to become the first tenant of the PT2 warehouse of HelloParks Páty megapark, moving into...

Construction

Construction Output Volume Down 12% y.o.y. in May

According to raw data the volume of construction output lagged behind the previous year’s level by 12% in May 2023,...

Pharma

Authorities, Pharmas Partner Against Drug Counterfeiting

Pharmaceutical makers and sellers signed a cooperation agreement with authorities on Thursday to crack down on counterfeit medicines more effectively,...

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...