Business

Construction

Slovak Construction Output Rebounds in December

Construction output in Slovakia rose 4% year-on-year in December, rebounding from a 3.2% fall in the prior month, the Bratislava-based...

Appointments

Richárd Révész Appointed Marketing Manager of Danone Hungary

Richárd Révész took up the position of marketing director at Danone Hungary in January, the company tells the Budapest Business...

Logistics

Waberer’s Signs Contract to Build HUF 18 bln Warehouse

Listed hauler Waberer's International on Monday said it signed an HUF 18 billion contract with Bayer Construct to build a...

Manufacturing

Slovakia Industrial Output Drops in December

Slovakia's industrial production slumped by 13% year-on-year in December, following a 10.8% fall in the previous month, the Bratislava-based Slovak...

Science

Szeged Uni Partners With Balasys IT

The University of Szeged (170 km southeast of Budapest) and Balasys IT have developed a complex solution to ensure the...

Transport

Magyar Posta Decides to Close Over 300 Post Offices for Good

State-owned Magyar Posta on Monday said it decided to close over 300 post offices for good, according to a report...

Construction

Borrowers Increasingly Using Baby-waiting Loans for Renovation

The most popular use of the so-called Baby-waiting loan is still the purchase of a home, while borrowers are also...

Innovation

1st Hungarian Manual Therapy Solution on Blockchain is Here

Thanks to unrestricted access to the Internet, the domestic SME sector is also beginning to discover blockchain-based solutions, which provide...

Deals

MOL Aims for 600 Refueling Stations in Poland in 5 Years 

Hungarian oil and gas company MOL could boost the number of refueling stations it has in Poland to 600 in...

HR

MediaMarkt Implementing HUF 2 bln Wage Raise in Stages

To retain its employees, MediaMarkt responded to the economic situation that has developed since the coronavirus pandemic with the most...

Interview

Magyar Bankholding Aims to Build Hungary’s Market Leader in Sustainable Finance

András Puskás, the chief advisor to the president of Magyar Bankholding, talks to the Budapest Business Journal about the leading...

Interview

ESG a Must-have for big Players, With a Range of Benefits for SMEs

ESG considerations and sustainability are gaining increasing traction in the business world, both internationally and in Hungary. What makes ESG...

Retail

Price Sensitivity Remains Central in Online Shopping

One of the main drivers of GDP growth is internal consumption, or, more simply put, shopping. The more consumers spend,...

HR

Magyar Posta to Pay Staff One-off HUF 50,000

State-owned postal company Magyar Posta will make a one-off payment of gross HUF 50,000 to all of its employees on...

Deals

AML Startup Complytron Acquired by SEON

Hiventures, Hungary's most significant VC, closed another successful exit. Complytron, which offers anti-money laundering (AML) due diligence services, was acquired...

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...

Egis Opens Major Pharmaceutical Distribution Center in Fót

Egis has opened a distribution center in Fót with capacity for 30,000 pallets, expanding its finished-product logistics operations to support...

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,...