Business

Appointments

New Director of Corporate Affairs and Communication at Heineken Hungária

Eszter Varga-Nagy became the new Director of Corporate Affairs and Communication at Heineken Hungária on March 1, 2023, the company...

Retail

Lithuania Retail Sales Fall in February

Retail sales in Lithuania dropped by 1.8% year-on-year in February, reversing a 3.1% rise in the previous month, figures from...

Interview

HonestFood: A 3rd Way for Putting Food on the Tables

The Budapest Business Journal talks with Giacomo Pedranzini, winner of the 2022 Expat CEO of the Year award and CEO...

Fintech

Visa Launches She’s Next Grant Program in Hungary

Visa has decided to bring its global Visa She's Next program to Hungary to support women-led businesses. Hungarian female entrepreneurs...

Sustainability

Bureau Veritas Hungary Becomes Certifying Partner of Access4You

Bureau Veritas Hungary became a certifying partner of Access4You this month, according to a press release sent to the Budapest...

Manufacturing

Bosnia Industrial Activity Shrinks in February

Industrial production in Bosnia and Herzegovina shrank by 3% year-on-year in February, following an upwardly revised 0.1% growth in January,...

Residential

Apartment Rents Down Compared to Q4 2022

In the first quarter of the year, the average monthly rent of brick apartments in the capital was HUF 216,000,...

Office Market

Graphisoft Park Delays Transition to Dividend Payment in EUR

Graphisoft Park, which owns and operates a business park in the north of the capital, acknowledged that transitioning to payment...

Office Market

Cordia Blackswan Finishes HQ Renovation in Birmingham

As part of its U.K. urban regeneration project, Cordia has completed the renovation of the listed building that houses its...

Logistics

Magyar Posta Boosts Parcel Locker Numbers to 450

Magyar Posta has raised its number of parcel lockers to 450, the state-owned postal company said on Monday, according to...

Transport

Driving Exam Could Be Required for Faster E-scooters

The KRESZ may soon be amended to regulate the use of electric scooters, writes the conservative daily Magyar Nemzet....

Transport

Haulier Koncsek Trans Invests HUF 150 mln in Garage Upgrade

Hungarian hauler Koncsek Trans is investing HUF 150 million in a garage upgrade at its base in Oroshaza, the company...

Appointments

New GM at Four Seasons Hotel Gresham Palace

Thibaut Drege has joined Four Seasons Hotel Gresham Palace Budapest as general manager, bringing aboard nearly two decades of experience...

HR

Poland Jobless Rate Steady in February

Poland's unemployment rate remained unchanged at 5.5% in February, figures from the Warsaw-based Central Statistical Office (GUS) showed on Thursday,...

Innovation

SAP Introducing ERP System Tailored for SMEs

Grow with SAP is a new, cloud-based ERP system targeted at small and medium-sized businesses, enabling speed, predictability, and continuous...

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...