Business

Incubators

4th agri-startup incubator program coming this September

This September, the NAK TechLab incubation program connecting agricultural startups and large companies will be launched for the fourth time....

Automotive

Czech car production up by 12% in May

Car production in the Czech Republic increased by 12.8% year-on-year in May to 120,186 vehicles, according to data released by...

Innovation

BME hosts hybrid research matchmaking event

The Budapest University of Technology and Economics (BME) hosted a hybrid international event at Balatonfüredi Tudáscentrum on Friday to foster...

HR

6 out of 10 Hungarians got a pay raise in 2022

About 59% of working Hungarians received an average pay raise of 12.7% this year, with the biggest increases (15.7% on...

Telco

Yettel Strengthens Business Offering with M2M Improvements

Yettel, the Hungarian telecommunications services provider that recently rebranded from Telenor Hungary, has been improving its machine-to-machine (M2M) communication offering...

Interview

Vodafone Hungary: New Technologies Demand ‘New Business Reality’

Industry 4.0 and fifth-generation networks are part of the “brave new world” of commerce. They have prompted the local unit...

Transport

Wizz Air launching Dortmund-Hévíz flight

Hungarian low-fare airline Wizz Air launched a scheduled flight between Dortmund and Hungary's Hévíz-Balaton Airport (190 km southwest of Budapest)...

Pharma

Egis undertakes HUF 7.6 bln capacity expansion 

French-owned Hungarian pharmaceutical company Egis Gyógszergyár will invest HUF 7.6 billion to boost production and packaging capacity at its base...

Construction

GVH launches accelerated probe of local insulation market

Hungary's Competition Office (GVH) announced the launch of an accelerated probe of the local insulation market last week amid "large-scale"...

Telco

Magyar Telekom buys optical network

Magyar Telekom on Friday said it exercised its call option on a business holding in Cecoin Kft, which allows it...

Telco

Wolf Theiss Advises 4iG on Albanian Acquisitions

Wolf Theiss has announced that it advised 4iG Nyrt. on the acquisition, followed by merger clearance, of two important players...

Inside View

Green PPAs: Popular new Risk Management Against Energy Price Volatility

Solar energy has been the fastest-growing energy generation technology of the last decade. It is also gaining ground in Hungary...

Sustainability

EU Targets Climate Neutrality With Carbon Duty

By last summer, the European Commission presented the Fit for 55 climate action package, the main objective of which is...

Interview

What’s in a Name? Synergies, Growth and Expectations

HBK Partners became Moore Legal Kovács as of Dec. 1, 2021. The Budapest Business Journal asked Márton Kovács, managing partner...

Inside View

Energy Communities can Help in Reducing Energy Dependence

Community-based energy production has been present in Europe since the 20th century. In recent years, decentralized power plants using renewable...

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,...