Business

Manufacturing

Slovak Industrial Output Falls in January 

Industrial production in Slovakia declined 8.6% year-on-year in January, following a downwardly revised 10.7% fall in the previous month, data...

HR

Number of Vacant Positions Decreased Significantly Last Year

The number of vacant positions decreased significantly in the last three months of last year compared to the record seen...

Transport

M3 to Run on Complete Line From Next Week

From the afternoon of Monday, March 20, Metro Line 3 will once again run on the entire line between Kőbánya-Kispest...

Manufacturing

Márka Üdítőgyártó Installs HUF 1 bln Bottling Line

Hungarian soft drink maker Márka Üdítőgyártó has finished installing a close to HUF 1 billion bottling line at its base...

Transport

Domestic Passenger Volume Climbs 26% in 2022

Domestic passenger volume in Hungary climbed 26% to 17.9 billion passenger-kilometer last year, according to data released by the Central...

Interview

UniCredit Posts Strong Corporate Results, While Spearheading ESG Efforts

The Budapest Business Journal talks with UniCredit Bank Hungary’s head of corporates, Albert Hulshof, about the lender’s corporate financing market...

Manufacturing

Wellis in Talks With Potential Minority Equity Partners

Hungarian hot tub maker Wellis Hungary said it is negotiating with potential minority equity partners in an investor presentation posted...

Automotive

Wage Negotiations Continue at Audi

Wage negotiation between delegations representing the employer and employees continued at Audi in Győr (120 km northwest of Budapest), writes...

Inside View

How to Keep the Shares of a Family and its Business Together

Internal feuding can make the operation of a family business impossible. If the owners and managers of the company cannot...

Inside View

How to Comply Effectively With the new Transfer Pricing Obligations

Undoubtedly, 2023 will be a great challenge again for multinational companies, not least because of the latest adjustments to transfer...

Inside View

Crucial Importance of Cooperation Between Taxation and Audit

The dedicated team of Niveus Consulting Group is constantly working to provide all the benefits and more for its clients....

Interview

Market Talk: Wanted, Better Language Skills, More Digitization, Fewer Taxes

Some of the leading actors from the tax and accountancy fields give us their take on the things to watch...

HR

Czech Jobless Rate Steady in February

Unemployment in Czech Republic remained at 3.9% in February, according to data released by the Czech Labor Office on Wednesday,...

Appointments

Southeast Asian Tax Specialist Joins Andersen Hungary

Ngwe Lin Myat Chit, who worked for 10 years in Cambodia, Myanmar and Singapore for various consulting firms, including VDB...

Retail

Croatia Retail Sales Rebound in January

Croatia's retail sales volume rose by a real 1.1% on the year in January, following a dip of 0.8% in...

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...