Business

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

Wing Announces New Boutique Office Project in Liget Center

Real estate developer Wing has announced the addition of a new office building to its Liget Center project, called Liget...

Automotive

Used Car Sales Edge Down 1% in April

Used car sales in Hungary slipped 1% year-on-year to 66,992 in April, listings site JoAutok.hu said on Thursday, citing figures...

Innovation

FaceKom to Debut Automated Customer Service Points

Universal customer service points developed by FaceKom to provide safe and easy bank services without the need for human assistance...

Interview

Top Expat CEOs 2023 – Raffaella Claudia Bondi

Raffaella Claudia Bondi is a pharmaceutical executive and a coach with more than 20 years of experience in the healthcare...

HR

Employment in Poland Reaches Record, PIE says

For the first time in history, employment in Poland has reached more than 17 million people, Andrzej Kubisiak, deputy director...

Office Market

Rejuvenated Park Atrium Welcomes DDB

A major player in the creative industry worldwide, advertising agency DDB signed a lease contract with Dereif Hungary to occupy...

Transport

Bicycle Insurance Difficult to Find

Although 40% of the Hungarian population uses bicycles at least weekly, it is still not easy to find insurance in...

Innovation

IVSZ Warns of High Cost of Compliance With EU AI Act

Hungarian ICT association IVSZ warned that the European Union's draft Artificial Intelligence Act could hold back the advance of AI...

Transport

Number of Direct Flights Between Hungary, China to Double

An agreement reached between Hungary and China will double the number of direct passenger and cargo flights between the two...

HR

Estonian Jobless Rate Edges Down in Q1

Estonia's unemployment rate ticked lower to 5.3% in the first quarter of 2023, from 5.5% in the corresponding period of...

Retail

Online Retail Sales in Hungary Climb 10% in 2022

Online retail sales in Hungary rose 10% to gross HUF 1.323 trillion last year, research by consultancy GKID and Mastercard...

HR

HBLF Participating in EU Diversity Month for 6th Time

The Hungarian Business Leaders Forum (HBLF) is participating in the EU Diversity Month, which aims at breaking down prejudices and...

Transport

Over 300,000 Combined Public Transport Passes Sold

More than 300,000 monthly passes for all public transport in either a single county or the whole country have been...

Manufacturing

Automotive Industry Output up 23.5% in March

The output of the automotive industry, Hungary's biggest manufacturing sector, rose 23.5% year-on-year in March, according to a detailed data...

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...