Business

Retail

Poland retail sales growth slows in June

Poland's retail sales increased at a softer pace in June, figures from the Warsaw-based Central Statistical Office (GUS) showed on...

Innovation

Cashier-free Store Closer to Entering the Hungarian Market

Financial payments and transfer technology company Mastercard has presented a checkout-free store it is supporting, equipped with artificial intelligence-based technology...

Automotive

Audi Hungaria management, unions agree on 9% pay rise

The management of Audi Hungaria reached an agreement with unions on Friday on a 9% pay rise, effective July 1,...

Residential

Student sublet rents jump 9%

On average, students admitted to higher education institutions in Budapest will have to pay almost 9% more for sublet rents...

Automotive

Incentives Boost E-car Adoption but Raise tax Uncertainties

Incentives and benefits created to bolster the broader adoption of electric vehicles are helping lift sales. But as rules and...

Office Market

E.ON Hungária Agrees 16,000 sqm BakerStreet Letting With Atenor

Atenor has concluded a significant letting as E.ON Hungária will establish a 16,000 sqm Budapest headquarters at the Belgium-based developer’s...

Manufacturing

Moldova industrial output rises in May

Industrial production in Moldova rose by 13.2% year-on-year in May, the highest since January and compared to a 10.4% fall...

Appointments

New head of audit services at EY Hungary

Zsolt Kónya became EY Hungary's new head of audit services on July 1, the company told the Budapest Business Journal....

Transport

Alte-Go installs 18 EV chargers in Gobuda Mall’s garage

The services offered at Gobuda Mall, developed by Wing, now include new electric vehicle charging stations to serve the growing...

Podcasts

MNB and BIB exec director Gergely Fábián discusses leadership, creativity, fintech, and his career path

Executive director at the Hungarian National Bank and of the Budapest Institute of Banking Gergely Fábián, “A guy who gets...

Construction

Construction Costs up 20% in Q1

As a result of rising material and labor costs, housing construction costs increased by 21% in the first quarter compared...

HR

Avg hourly rate for blue-collar workers climbs 11.5% in Q2

The average gross hourly pay rate for skilled and unskilled blue-collar workers in Hungary climbed 11.5% to HUF 1,553 in...

Retail

Budapest residents spent HUF 411,000 in shops during Q1

Residents of Budapest spent HUF 411,000 in shops in the first quarter, 22% over the HUF 337,000 national average, according...

Automotive

Mercedes-Benz to invest HUF 400 bln at plant in Hungary

German carmaker Mercedes-Benz will spend HUF 400 billion to add new production lines at its base in Kecskemét, Minister of...

Fintech

Google Wallet to replace Google Pay

Google Wallet is set to replace the Google Pay app starting today, according to a press release sent to the...

Transport

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...

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....

Retail

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...

Pharma

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...

Interview

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...

Pharma

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...

Construction

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...

HR

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...

Appointments

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...

Retail

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...

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...

Manufacturing

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...