Business

Innovation

Polish Companies Expect AI, Automation to Lower Employment – Study

According to a study called 'Barometer of the Polish Job Market' by Personnel Service, 56% of entrepreneurs believe that the...

Automotive

AutoWallis Group Launches Campaign for Safe Driving

Wallis Motor, a member of the AutoWallis Group, has launched a campaign in partnership with the Budapest Police Headquarters to...

HR

Legal Status of Over 14,000 Undeclared Workers Settled

Since the amendment of the law in March 2021, the legal status of more than 14,000 undeclared workers has been...

Logistics

Budapest Airport Tops out Cargo Base Expansion

Liszt Ferenc International operator Budapest Airport topped out an expansion of its cargo base last week, according to a report...

Deals

Indotek Acquires Shopping Centers in Spain

Budapest-based property company Indotek Group announced the acquisition of two shopping centers in Spain on Thursday, according to a report...

HR

Engineers Increasingly Considering Working Abroad

Hungarian engineering students are not shying away from working abroad, and many have already been approached with various offers during...

Manufacturing

Sensirion Adds Back-end Semiconductor Manufacturing at Hungary Plant

Switzerland's Sensirion is adding back-end manufacturing, the last step in semiconductor production, at its plant in Debrecen, Sensirion Hungary managing...

Deals

EC Approves MOL Acquisition of OMV Slovenija

The European Commission approved Hungarian oil and gas company MOL's acquisition of Slovenian peer OMV Slovenija this week, according to...

Office Market

Subdued Office Development Activity for 2023

A limited number of office development projects are expected to be undertaken in the immediate future. Developers are exercising caution...

Interview

Building a 5-star FM-PM Concierge Service

The ideal building management company combines both front- and back-end capabilities, like a mashup between a five-star hotel concierge and...

Office Market

3rd-party Accreditation Setting the Standards for Office Interiors

Office interiors are now an intrinsic part of the project concept, design, leasing strategy, and property and facility management of...

Interview

TriGranit: Building Climate-smart Solutions

Károly Dömötör Makk, head of leasing for TriGranit, talks with the Budapest Business Journal about its Millennium Gardens development and...

Office Market

Uncertainty Seen Across Central European Markets

Total supply in the Budapest office market has reached 4.3 million sqm, 3.5 million sqm of which is speculative space....

Office Market

Market Talk: Questions Around Supply and Demand but ESG Grows in Significance

This Budapest Business Journal’s Office Special Report examines the Budapest market from the perspective of the issues facing developers and...

Office Market

PM and FM Role Becoming Increasingly Enhanced

Ever more sophisticated requirements from tenants and staff, concerns over rising utility prices, and the increasingly central role of ESG...

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...