Business

Innovation

Digital Turnaround Needed in SME Sector

The majority of small- and medium-sized enterprises, including nearly two-thirds of mid-sized companies, say they need to take more decisive...

Transport

Freight volume falls almost 4% in Q1

Freight volume in Hungary fell 3.7% year-on-year to 69.9 million tonnes in the first quarter, state news wire MTI reports,...

Sustainability

New Definition of ESG Adapted to Hungarian Conditions

There has been no centralized guideline for ESG criteria that everybody accepts and can adopt. Therefore, a clear definition and...

Office Market

CEE Investments Return to Pre-pandemic Levels in Q1

At EUR 2.83 billion for the first quarter of the year, Central and Eastern European (Bulgaria, the Czech Republic, Hungary,...

Manufacturing

Continest Technologies doubled turnover in 2021

Continest Technologies, a company that develops and manufactures unique foldable container technology, closed the year 2021 with a total revenue...

Residential

Close to 1/3 of home construction, renovation projects overbudget

Around 32% of Hungarians building or renovating homes have had to pay more than planned because of the shortage of...

Telco

Magyar Telekom to test 4-day work week

Magyar Telekom (MTel) on Thursday announced the launch of a pilot project to test the feasibility of a four-day work...

HR

Career starters demanding HUF 322,000/mth

The average net wage demand of Hungarian career starters was HUF 322,000, an increase of 29% compared to last year,...

Competition

Sustainability the focus of 2022 Regional Startup and Innovation Day

The region’s most prominent startup networking event, the Regional Startup and Innovation Day, was organized for the fifth time by...

Transport

Waberer’s to pay HUF 1.2 bln in windfall tax in 2022

Listed Hungarian hauler Waberer's International on Thursday said it expects to pay HUF 1.2 billion this year on a windfall...

Manufacturing

Industrial production up 3.1% y.o.y. in April

In April 2022, the volume of industrial production grew by 3.1% year-on-year in Hungary, according to a first reading of...

Retail

Czech retail sales up in Apr, avg. real monthly wages fall in Q1

The Czech Republic's retail sales growth accelerated for the second straight month in April, data from the Czech Statistical Office...

Logistics

Alza signs lease agreement with GLP for 22,000 sqm warehouse

GLP and Alza have signed a long-term lease agreement for a 22,000 sqm warehouse called the Sziget Logistics Center, according...

Transport

Wizz Air full-year losses grow

Hungarian low-fare carrier Wizz Air racked up a EUR 642.5 million loss in its business year ended March 31, widening...

Podcasts

BBJ CEO Breakfast Meeting – A roundtable focusing on challenges facing businesses today: inflation, war, workforce, sustainability, and more

This Budapest Business Journal podcast was recorded as a new series event, the CEO Breakfast Briefing, organized by the German-Hungarian...

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...