Business

Innovation

Bosch to set up EUR 10 mln R&D base in Zalaegerszeg

German engineering giant Bosch will set up a close to EUR 10 million R&D base in Zalaegerszeg (182 km southwest...

Telco

4iG closes acquisition of ALBtelecom

Listed IT company 4iG says it has closed the acquisition of an 80.27% stake in ALBtelecom, the biggest fixed-line telecommunications...

Fintech

Hungary’s Blockchain Coalition holds inaugural meeting

Hungary's Blockchain Coalition held its inaugural meeting on Tuesday, according to a report by state news wire MTI....

Pharma

Ukraine Crisis: Phoenix Hungary donates medicine to refugees

Pharmaceutical wholesaler Phoenix Hungary is donating around 30,000 packs of medicine and other products to support the Ukrainian people and...

Transport

Varga: HUF 140 bln for road network development

An improved road network will be delivered from an investment of HUF 140 billion, Minister of Finance Mihály Varga said...

Innovation

Magáz developing next-gen energy distribution, billing system

Hungarian gas company Magáz is developing a "next-generation" energy distribution and billing system with a HUF 314 million grant from...

Manufacturing

Croatia industrial output growth slows in January

Industrial production growth in Croatia slowed to 3.5% year-on-year in January of 2022, from a six-month high of 6% in...

Residential

Real estate prices growing faster

Real estate prices are growing faster than earnings and the trend shows that there will be no stagnation in the...

Retail

Ukraine Crisis: Tesco’s business unaffected, backs humanitarian aid

British-based retailer Tesco has told the Budapest Business Journal that the Ukraine crisis has not directly affected its business or...

Manufacturing

Industrial production up 7.1% y.o.y. in January

In January 2022, the volume of industrial production in Hungary grew by 7.1% year-on-year according to working-day adjusted data production...

Automotive

Magyar Suzuki raises wages by 12%

Magyar Suzuki announced increasing wages at its Esztergom plant by an average of 12% retroactively to January, following consultations with...

Podcasts

Economies and elections – How will Hungary’s general election affect its economy in 2022? Part 2

The Budapest Business Journal organized an exciting roundtable discussion at the Expat CEO Boardroom meeting on February 10, with experts...

Logistics

Magyar Posta inaugurates HUF 3 bln parcel depot

State-owned postal company Magyar Posta inaugurated a HUF 3 billion parcel depot in the industrial park of Tatabánya on Friday,...

Manufacturing

Schneider Electric Encouraging Talented French Trainees

Schneider Electric says it is hosting the highest number of Volontariat International en Entreprise (V.I.E.) trainees among French-owned companies operating...

Interview

M&A Market in Hungary Expands Almost 50% in 2021

The value of mergers and acquisitions in Hungary jumped by almost 50% to USD 1.7 billion (HUF 521 bln) last...

Business

Budapest’s District VI Adopts Outdoor Advertising Ban to Protect Historic Streetscape

Budapest’s District VI council approved a ban on outdoor advertising Thursday in order to protect Terézváros’ historic streetscape and reduce...

Sustainability

Enthusiastic Visionary Optimistic About Sustainable Future

Nándor Kovács jokingly describes himself as a “revolutionary” when it comes to real estate sustainability. Spend just a little time...

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...

Budapest’s District VI Adopts Outdoor Advertising Ban to Protect Historic Streetscape

Budapest’s District VI council approved a ban on outdoor advertising Thursday in order to protect Terézváros’ historic streetscape and reduce...

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...

Enthusiastic Visionary Optimistic About Sustainable Future

Nándor Kovács jokingly describes himself as a “revolutionary” when it comes to real estate sustainability. Spend just a little time...

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...