Business

Manufacturing

BMW Adding Battery plant in Debrecen, Doubling Investment Value

German carmaker BMW Group on Friday said it is building a high-voltage battery assembly plant at a vehicle production base...

Automotive

Domestic Motorcycle Market Grew This Year

The domestic motorcycle market grew by more than one-tenth in the first 10 months of this year, while it was...

Interview

Rebranding at Full Pace, Penny Wants to Expand Further

The Budapest Business Journal talks with Penny Hungary CEO Florian Jens Naegele about the past business year, today’s challenges, and...

Retail

Higher Sugar Prices Raising Holiday Candy Costs

Inflationary pressure is also a very serious factor in the confectionery industry since the market price of the sector's most...

Automotive

AutoWallis’s new Partnership, Acquisition Boosts 2023 Business Outlook

In less than 24 hours, the AutoWallis Group announced an acquisition (and hence entrance to anew market) and asustainable energy...

Industrial

Wing Hands Over 2 Industrial Halls

The prolific Hungarian and regional developer Wing has completed the first two halls at its East Gate PRO Business Park....

Appointments

New CEO at the Helm of DDC From January

After the retirement of CEO János Szarkándi, Zsolt Szilágyi will lead Duna-Dráva Cement Kft. from January 2023, the company tells...

HR

Unemployment Rate at 3.6% in October

The unemployment rate in Hungary stood at 3.6% in October 2022, according to data published by the Central Statistical Office...

Retail

Poland Retail Sales Growth Slows on Year in October

Retail sales in Poland rose 18.3% year-on-year in October, easing from a 21.9% jump in the previous month, the Warsaw-based...

Manufacturing

Lithuania Industrial Output Rises in October

Industrial production in Lithuania rose 1% year-on-year in October, from an upwardly revised 3.6% gain in the previous month, data...

Innovation

Brain Business Job Growth in Hungary Among Top 5 in Europe

Since 2014, the number of brain business jobs in Hungary has increased by 41%. These are jobs in knowledge-intensive occupations,...

Manufacturing

Polish Industrial Output Growth Eases in October

Poland's industrial production growth eased to 6.8% year-on-year in October from 9.8% in the previous month, figures from the Warsaw-based...

HR

Polish Employments, Wages Increase in October

Corporate employment in Poland rose 2.4% year-on-year to 6.501 million people in October, from a 2.3% rise in the previous...

HR

Magyar Telekom Expands 4-day Work Week Pilot Project

Magyar Telekom will double the number of participants in a pilot project to test the feasibility of a four-day work...

Science

Hungary Signs Agreement With European Space Agency

Hungary signed an agreement yesterday with the European Space Agency on access to EUR 10 million in support for local...

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...

Resident Evil Game Prices Rise Around Film Premiere

Physical console editions of several Resident Evil games rose in price around the film’s Sept. 17 theatrical release, according to...

FDA Accepts Richter’s Fylrevy Menopause Therapy Application for Review

The U.S. Food and Drug Administration (FDA) has accepted Gedeon Richter’s new drug application for Fylrevy, the Hungarian pharmaceutical company...

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...