Business

Interview

Károly Mátrai, CEO, MVM Group

Károly Mátrai is the chief executive officer of MVM Group, the predominant player in the Hungarian energy system with more...

Retail

Serbia Retail Sales Fall in May

Serbia's retail sales decreased by a real 6.2% year-on-year in May, after falling by an annual 6.1% a month earlier,...

Residential

Hungary Home Sales Drop 34% in June

Home sales in Hungary fell 34% year-on-year to 7,120 in June, state news wire MTI reports, citing a monthly estimate...

HR

Number of Registered Jobseekers at 224,169 in June

The number of registered jobseekers in Hungary reached 224,169 in June, falling 1.9% from a month earlier and 2.7% from...

HR

Romanian Jobless Rate Ticks Down in May

Romania's unemployment rate stood at 5.5% in May, down by 0.1 percentage points from the rate recorded in April, the...

Deals

ICT Consultancy Delaware to Invest HUF 2.7 bln in Hungary

Belgian-owned ICT consultancy Delaware will invest HUF 2.7 bln in an office in Debrecen, Minister of Foreign Affairs and Trade...

Interview

Budapest Airport Must Develop so Hungary can Grow

The Budapest Business Journal talks with Kam Jandu, the relatively new CEO at Budapest Airport (BUD), about his flight path...

Transport

Wizz Air Booking System to Go Offline Temporarily on Jul 4

Wizz Air will soon be carrying out maintenance work on its online interfaces. The airline's website and mobile app will...

HR

Younger Generation Embraces AI for Work

Some 12% of people in Hungary have used AI at work for some purpose, with a higher proportion of young...

Residential

New Home Prices Edge Higher in Capital

Average new home prices in the capital in the second quarter rose 1.3% on a quarterly basis to HUF 1,582,000/sqm...

Retail

Latvia Retail Sales Shrink in May

Retail sales in Latvia fell by 1% year-on-year in May, following an upwardly revised 3.1% decline in the prior month,...

Deals

MOL Closes OMV Slovenija Acquisition

Hungarian oil and gas company MOL said on Friday that it closed the acquisition of Slovenian peer OMV Slovenija, temporarily...

HR

GPs Increasingly Scarce Across Hungary

More than 500 GP practices are vacant across Hungary, according to hrportal.hu....

Manufacturing

Unilever Inaugurates HUF 23 bln Capacity Expansion

FMCG giant Unilever inaugurated a HUF 23 billion capacity expansion at its household chemicals plant in Nyírbátor, creating 80 jobs,...

Innovation

Inside Hungary’s Cutting-edge Artificial Intelligence Research Group

It may come as a surprise that a quiet riverside university town in Hungary’s southeast is a hotbed of artificial...

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...