Business

Retail

Slovakia retail sales fall drastically in January 

Slovakia's retail sales declined at the fastest pace on record in January, figures from the Slovak Statistical Office (SÚSR) showed...

Deals

Hungary to host MotoGP races for 10 years from 2023

Hungary reached an agreement last week to host MotoGP races for 10 years from 2023, according to napi.hu....

Construction

Industry insider augurs 17,000 home completions in 2021

Around 17,000 homes could be completed in Hungary this year, the head of construction industry association ÉVOSZ said on Friday,...

Interview

Diplomatically Speaking: Ukrainian Ambassador Liubov Nepop, ‘Huge Unused Potential’ in Ukrainian-Hungarian Trade

Hungary and Ukraine have a long history. Hungary was just the third country to recognize its massive northeastern neighbor’s independence...

Office Market

Market Pays Tribute to a ‘Daring’ and ‘Inspiring’ Developer

The Budapest Business Journal was saddened to learn on the day our last issue was published that Attila Kovács, founder...

Transport

Wizz Air announces new base in Palermo

Discount airline Wizz Air announced opening a new base in Palermo, Italy....

Telco

Vodafone 5G network now available in most of Budapest

Vodafone is the first among domestic service providers to enable 5G connection to its customers in the majority of the...

Pharma

Poland strikes deal to produce Novavax COVID vaccine

Polish biotech firm Mabion has signed a preliminary agreement to manufacture Novavax's COVID-19 vaccine with financial support from a state-run...

Residential

Apartment prices up 10% in some districts

Since the introduction of the restrictive measures in March last year, apartment prices in some districts of Budapest have risen...

Retail

Etele Plaza receives occupancy permit

The EUR 300 million Etele Plaza developed by Futureal has received the occupancy permit, meaning that tenants can now start...

Automotive

Imported used car sales fall 19% in February

Sales of imported used cars in Hungary fell 19% year-on-year to 10,566 in February, listings portal JoAutok.hu said on Thursday,...

Manufacturing

Wellis revenue climbs over HUF 20 bln in 2020

Revenue of Hungary's Wellis rose over HUF 20 billion last year from HUF 12.9 bln in 2019, the hot tub...

Retail

Estonia retail sales increase in January

Estonia retail sales increased in January, data from Statistics Estonia (SE) showed on Tuesday....

Transport

BKK testing upgraded bike-sharing system

The Budapest Public Transport Center (BKK) said testing of its upgraded bicycle-sharing system has started, according to napi.hu....

Fintech

Cryptocurrency theft value up 38% with USD 513 mln stolen in 2020

Data researched by Trading Platforms UK indicates that the value of cryptocurrency hacks and thefts between 2019 and 2020 increased...

Industrial

PSS Expands Hungarian Capacity Serving BMW, Mercedes and Others

Premium Sound Solutions is expanding its Hungarian manufacturing footprint with a new purpose-built plant at LogStar Park Fehérvár in Szabadbattyán...

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....

PSS Expands Hungarian Capacity Serving BMW, Mercedes and Others

Premium Sound Solutions is expanding its Hungarian manufacturing footprint with a new purpose-built plant at LogStar Park Fehérvár in Szabadbattyán...

Wizz Air Enters Winter With Fuel Hedges and Record Summer Traffic

Discount airline Wizz Air is preparing for winter with more than EUR 2.2 billion in liquidity and fuel hedges covering...

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...