Business

Deals

Watchdog Clears Alteo Buyout

The National Bank of Hungary (MNB) has approved a mandatory public purchase offer for the shares of alternative energy company...

Transport

Budapest Airport Recovers 75% of Pre-COVID Traffic in 2022

Ferenc Liszt International operator Budapest Airport called 2022 an extremely challenging, yet very successful year, noting that the company managed...

Retail

Bosnia’s Federation Retail Sales up in December

Retail sales in Bosnia's Federation rose by a real 2.2% on the year in December, after expanding by a revised...

Deals

Graphisoft Park, OXO Shares to Trade in Euros From Feb 15

Shares of Graphisoft Park, which owns and operates a business park in the north of the capital, and OXO Technologies...

HR

Wage Rises for Healthcare Workers to Continue, Gov’t Says

The government will continue to raise the wages of healthcare workers, State Secretary for Health Péter Takács announced on Friday,...

Appointments

New CEO at the Helm of Kifli.hu

Gabriel Makki is set to take over as CEO of Kifli.hu, replacing Péter Klekner, the company tells the Budapest Business...

Manufacturing

Nippon Paper to Invest HUF 15 bln in Plant in Hungary

The chemicals business of Japan's Nippon Paper Industries will invest around HUF 15 billion to build a plant in Hungary...

Retail

Retail Sales Down 3.9% y.o.y. in December 2022

In December 2022, the volume of sales in retail trade in Hungary decreased by 4.8% according to raw data, and...

Innovation

Chameleon Smart Home Shares Listed on BSE

The shares of Chameleon Smart Home, a Hungarian startup that offers a brand-independent smart home system hub, were listed on...

Interview

Making a Lonely Case for Hungary’s Natural Strengths

An American expat businessman says Hungary is missing out on a golden opportunity to develop an industry of the future...

Innovation

Open Access Simulator Added at Bay Zoltán Research Center

Hungary’s Bay Zoltán Research Center says it is now offering open access to one of the world’s most advanced “driver-in-the-loop”...

Innovation

OXO Technologies Looks for New HQ Elsewhere in EU

Listed OXO Technologies Holding on Friday said its board cleared the company to start looking for a new headquarters elsewhere...

Sustainability

Historic Krausz Palota Renovation now Approaching Completion

The modernization of the Krausz Palota at Andrássy út 12 is nearing completion. The listed building was acquired in 2019...

Interview

Record Investments Booked for 2022, With Chance to Beat it in 2023

Six months into his tenure as CEO of the Hungarian Investment Promotion Agency, the Budapest Business Journal had its first...

Office Market

CEE Investments Stable Despite Economic Environment

The year 2022 saw an increasing trend for the prominence of domestic Central and Eastern European capital across investment transactions...

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...

DUIHK Central to the German-Hungarian Bilateral Economic Relationship

Róbert Keszte became president of the German-Hungarian Chamber of Industry and Commerce (DUIHK) in 2025. In this interview with the...

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...