Business

Logistics

Boom in Budapest Industrial and Logistics Market

The boom in the logistics and industrial sector is continuing unabated, as demand remains high and vacancy stands at a...

Manufacturing

Thinking Big: South Korean Investments in Hungary

South Korea is the fifth largest investor in the country, and its activity in the EV segment, in particular, could...

Logistics

Logistics and Industrial Sector Thriving Across Central Europe

The logistics/industrial market in Central Europe is booming from both a demand and development perspective. Analysts tell the Budapest Business...

Interview

DHL: Promoting Diversity and Helping SMEs

Estonian expat Andra Ligi, DHL Express Hungary’s director of sales and marketing, talks to the Budapest Business Journal about her...

Industrial

More Development Moving to Provincial Hubs

Industrial development activity is extending to provincial logistics hubs outside the Greater Budapest area, as is the model elsewhere in...

Logistics

Recruitment Boom: Labor Market Demands Shaping Logistics and Supply Chains

Last year, the logistics market went through momentous change. Every sub-field was growing dynamically, from logistics service centers through trading...

Interview

Preparing for the 3rd Generation of Korean Investment

Chulmin Park is the 13th ambassador of South Korea since Budapest and Seoul established diplomatic relations in 1989. Though accepted...

Manufacturing

CATL Building EUR 7.3 bln Factory in Debrecen

Mercedes-Benz Group AG will join China’s Contemporary Amperex Technology Co. Ltd. (CATL) in building a battery factory in Debrecen with...

Sustainability

Driest Year So Far Since 1901

Only 207 mm of precipitation fell on average nationally by the end of July, making it the driest first seven...

Innovation

3/4 of Hungarians Use Financial App

Some 73% of Hungarians use some kind of financial application, which has become the second most popular type following social...

Sustainability

Nearly 40% of Companies Performed Energy-saving Developments

Some 39% of domestic companies have carried out energy-saving development in the last 3 years, according to GKI Economic Research....

Retail

Weakened Exchange Rate Boosts Domestic E-Commerce

The weakened exchange rate has increased demand for goods purchased on domestic webshops, according to webshop expert Ferenc Surányi, managing...

Sustainability

Lake Velence Water Level Reaches Record Low

While the water level of Lake Velence had already reached a record low of 61 cm on August 2, according...

Deals

Navracsics Tells Guardian RRF Agreement Within Grasp

Hungary’s chief negotiator with the European Union, Tibor Navracsics, told the Guardian that believed an agreement on the COVID recovery...

Competition

Gov’t Fines Ryanair HUF 300 mln

The Government Office of Budapest launched a consumer protection procedure against Ryanair-DAC on the issue of the passing on the...

Pharma

Rooftop Breakfast Offers Helicopter View of AI’s Impact on Pharma

About 50 guests began their day in the beautiful setting of the Duchess Rooftop Bar of the Matild Palace Hotel...

Interview

Rethinking Data Strategies From Storage to Recovery

As Hungarian businesses manage increasingly fragmented data and face more sophisticated cyberthreats, reliable recovery is becoming a board-level priority....

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...

Lake Balaton Cycling Upgrades to Add Wider Paths and New Bridges

Nearly 20 km of the Lake Balaton cycling circuit will be renovated under two programs financed through EU and domestic...

Rooftop Breakfast Offers Helicopter View of AI’s Impact on Pharma

About 50 guests began their day in the beautiful setting of the Duchess Rooftop Bar of the Matild Palace Hotel...

Rethinking Data Strategies From Storage to Recovery

As Hungarian businesses manage increasingly fragmented data and face more sophisticated cyberthreats, reliable recovery is becoming a board-level priority....

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,...