Business

Residential

Cordia Completes Grand Corvin 2, Plans New Urban Regeneration Project

The last residential building along the Corvin Promenade has been completed, but Futureal Group and its member Cordia are set...

Transport

Wizz Air Fleet Reaches 170 Planes

With the delivery of a new Airbus A321neo, discount airline Wizz Air's fleet has reached 170 planes, according to a...

HR

Bulgaria Jobless Numbers Hit All-Time Low in September

Bulgaria's unemployment rate decreased by 0.1 percentage point (p.p.) in September, to a historical low of 4.2%, the country's Employment...

Manufacturing

Hungarian Defense Forces Inaugurate 1st Lynx Fighting Vehicle

The Hungarian Defense Forces inaugurated the first Lynx infantry fighting vehicle at a swearing-in ceremony of reservists, according to portfolio.hu....

Deals

Waberer’s Buyout Offer Cleared

A buyout offer for listed Hungarian hauler Waberer's International has been cleared, the company announced late Monday, according to a...

Deals

MVM Signs EUR 250 mln Credit Deal with Chinese-Owned ICBC Austria

State-owned energy group MVM on Friday said it signed a EUR 250 million, mid-term general financing agreement with ICBC Austria,...

Logistics

Gebrüder Weiss Spending HUF 10 bln on Logistics Base

Gebrüder Weiss Kft. is spending HUF 10 billion to add 10,500 sqm of space at its logistics base in Dunaharaszti...

Deals

4iG to Boost Stake in Software Developer Innobyte

Listed IT company 4iG on Friday said it entered into agreements to raise its stake in software developer INNObyte from...

Interview

Hays Hungary: a Talented Team’s 15-year Rise to the Top

In August, Hays celebrated 15 years in Hungary. The Budapest Business Journal spoke with managing director Tammy Nagy-Stellini about coming...

Automotive

AutoWallis Group Heading in Fresh Directions: Austria and Online Sales

The AutoWallis Group is opening up to online sales and Western Europe markets, with a significant acquisition and business development...

Innovation

Continental Expands Software Development in Szeged

German automotive industry company Continental is adding driver assistance and automated driving software development activities in Szeged (170 km southeast...

Office Market

TriGranit Hands Over 1st Phase of Millennium Gardens

TriGranit has completed the first phase of its Millenium Gardens office project overlooking the Danube on the Pest bank of...

Automotive

Speeding Automotive Sector Lifts Industrial Output but Future ‘Uncertain’

The automotive sector, Hungary’s leading manufacturing segment, has shown accelerated growth recently, boosting the headline industrial figure. While the improved...

Deals

Gov’t Signs Strategic Cooperation Agreement with Alstom

Hungary's government signed a strategic cooperation agreement with French rolling stock manufacturer Alstom on Friday, the Ministry of Foreign Affairs...

Construction

Construction Output Volume in August Same as a Year Ago

Hungary's volume of construction output in August 2022 was the same as a year ago, according to raw data published...

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...