Business

Automotive

Gov’t signs strategic agreement with Autoliv

Hungary's government signed a strategic cooperation agreement with the local unit of Stockholm-headquartered automotive safety supplier Autoliv yesterday, according to...

Manufacturing

Videoton awarded gov’t grant for investment in Bulgaria

Minister of Foreign Affairs and Trade Péter Szijjártó on Friday awarded a HUF 430 million government grant to Hungarian-owned electronic...

Fintech

Benker blockchain neobank licensed by Lithuanian central bank

A blockchain neobank set up by Benker, a financial services company established by Hungarian experts, has been licensed by the...

Interview

Return of Greenfield Investments Augurs Well for FDI in 2022

In an exclusive, in-depth interview, Hungarian Investment Promotion Agency CEO Róbert Ésik talks to the Budapest Business Journal about another...

Office Market

Sustainability Accreditation Ever More key to Successful Office Projects

Sustainability accreditation and the provision of amenities continue to be central to the commercial success of office projects. Developers are...

Fintech

LogMeIn to set up LastPass as Stand Alone Company

One of the world’s most prominent software as a service companies, LogMeIn, Inc., has announced plans to establish one of...

Interview

Winter sports injuries: prevention and treatment

It is a huge thrill to slide down a snowy mountainside or glide over ice wearing ice skates. However, it...

Automotive

BMW production in Hungary to start in 2025

German carmaker BMW will start production at a plant in Debrecen (about 195 km east of the capital) in 2025,...

Retail

Euronics revenue climbs 11% in 2021

Revenue of Hungarian-owned electronics retailer Euronics rose 11% to HUF 71 billion last year, the company said on Thursday, according...

Appointments

New partner announced at act Bán & Karika Attorneys at Law

Péter Weidinger became a new partner at act Bán & Karika Attorneys at Law as of January 2022, according to...

Retail

IKEA Hungary sales climb almost 12%

Sales in Hungary of Swedish home furnishings giant IKEA rose almost 12% to HUF 109 billion in its business year...

Retail

Supermarket chains cut prices in Poland following VAT suspension

Lidl and Aldi have become the first supermarket chains in Poland to announce that they will lower the prices of...

Transport

Ferenc Liszt Int’l handled 4.6 mln passengers in 2021

In 2021, Ferenc Liszt International Airport handled a total of 4,622,882 passengers, approximately 20% more than in 2020 but still...

Science

Omicron variant responsible for 87% of new COVID infections

The Omicron variant of the coronavirus is responsible for 87% of new infections in Hungary with the Delta variant responsible...

Automotive

Importers project increase in new car registrations

The Hungarian Association of Vehicle Importers (MGE) projects new passenger auto registrations will edge up to 125,000 this year from...

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...

Older Small Cars Rise in Price as Hungary’s Budget Used-Car Supply Shrinks

Suzuki Swift asking prices rose 25.8% year-on-year in September as the share of used cars below HUF 2.5 mln shrank,...

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...