Business

Residential

Demand for Real Estate Falls 42% y.o.y.

Nationally, the demand for real estate for sale decreased by 42% on an annual basis between January and May....

Innovation

Entel Develops AI-driven Acoustic Planning System

Hungary's Entel Műszaki Fejlesztő has developed an AI-driven acoustic planning system for the construction industry in the framework of a...

Manufacturing

MOL Reaches Another Milestone in Construction of Polyol Plant

Hungary's MOL has successfully fed propylene oxide into a pilot plant at a EUR 1.3 billion polyol production base it...

Retail

Online Stores Prioritize Customer Experience as Growth Stalls

The super-fast growth of online trade during the coronavirus pandemic has stalled, and its share in total trade has also...

Inside View

Hungarian Implementation of the EU Whistleblowing Directive

On 23 May 2023, the Hungarian Parliament adopted its long-awaited Whistleblower Protection Act to implement the EU Whistleblowing Directive (EU...

Inside View

Data Security Concerns of Smart Grids

Smart grids are rapidly becoming the backbone of modern electricity networks. The integration of digital communication and control technologies enables...

Interview

The U.K. may Have Left the EU, but English Law Still has a Significant Role to Play Here

The Budapest Business Journal sat down with Anikó Kircsi, partner and head of corporate/M&A at CMS Budapest, and Eszter Török,...

Inside View

Winds of Change: Possible Turning Point for Hungary’s Wind Energy Sector

No new wind farms have been built in Hungary for almost a decade. However, the need for wind energy is...

Interview

ESG, Sanctions Keeping Budapest Law Firms Busy

Following a long-standing tradition, we asked a number of leading law firms to give us their take on the legal...

Inside View

Do Androids Dream of Biased Judges? Self-fulfilling Prophecies in AI Litigation Prediction

It is not exactly breaking news for anyone that technology is rapidly changing the legal profession. Although, lately, it has...

Transport

Wizz Air to Launch Budapest-Cairo Flight

Hungarian low-fare carrier Wizz Air on Thursday announced the launch of a direct flight between Budapest and Cairo from October...

Manufacturing

Romania Industrial Output Falls in April

Industrial production in Romania declined 4.7% year-on-year in April slipping further from a downwardly revised 3.6% fall in March, the...

Automotive

Magyar Suzuki Striving to be the Best Employer in the Region

Its employees are the most important strength of Magyar Suzuki. The company has done a lot in recent years to...

Residential

Otpotthon.hu Debuts Website Section Dedicated to Modern Homes

Real estate portal Otpotthon.hu has created a separate category on its website for modern homes in new housing developments, looking...

Podcasts

The Hierarchy of Values

Sister Laura Baritz, economist (PhD Corvinus), recipient of the European Citizens’ Prize, discusses noble goals in business, what is true...

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...

Civil Engineering Surge Masks Decline in Building Construction

Civil engineering output more than doubled in Hungary in August, while building construction declined and the volume of new contracts...

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...