Business

Pharma

Gov’t declares nat’l vaccine plant of ‘priority importance’

Hungary's government has declared the construction of a national vaccine plant a "matter of priority importance from the aspect of...

Office Market

Graphisoft Park profit fell 10% in 2020

After-tax profit of Graphisoft Park, which owns and operates an eponymous business park in the north of Budapest, fell 10%...

Construction

Home construction soars to 11-year high

In 2020, some 28,208 new dwellings were built in Hungary, 34% more than a year earlier and the highest number...

Pharma

Hungary starts inoculation with Sinopharm vaccine

Prime Minister Viktor Orbán acknowledged the importance of the start of inoculation with China's Sinopharm COVID-19 vaccine on Wednesday, but...

Deals

BBN launches initiative to expand into CEE

BBN, the world's B2B agency, announced that it has launched an initiative to attract and add new partners from Central...

Logistics

CTP raises EUR 500 mln with 3rd green bond issue

CTP B.V. raised EUR 500 million with their third green bond issue this month, increasing the total raised from Green...

Residential

70% of home renovations done without contract

In 70% of housing renovations, customers do not enter into a written contract with construction contractors and do not look...

Transport

Transport industry perhaps most weakened by pandemic

Even in normal times, companies from the transport industry were struggling with the timely payment of liabilities and increasing operating...

Innovation

New opportunities introducing e-healthcare mobile apps in Germany

To present health digitalization initiatives in Germany, Startup Campus and its partners provided a comprehensive overview of the available programs,...

Office Market

Vagheggi to open showroom in Green Court Office

Italy’s leading professional phytocosmetics brand Vagheggi will launch its brand new flagship store, in Green Court Office, Budapest, in the...

Retail

Poland retail sales decline in January

Poland's retail sales fell 6% year-on-year in January, after a 3.5% growth in the same month last year, data from...

Automotive

Hungary, Israel to partner on autonomous vehicle research

Hungary and Israel will launch a joint program to support autonomous vehicle research in the second half of 2021, the...

Automotive

20,000 families bought cars with gov’t subsidy so far

So far, 20,000 families have purchased a car with the government subsidy for big families, Minister for Families Katalin Novák...

Transport

Gov’t to upgrade airport in NW Hungary

Innovation and Technology Minister László Palkovics outlined plans to transform the Székesfehérvár-Börgönd airport, one of the country's oldest, into a...

Interview

AmCham Sets out Policy Priorities to ‘Work With Government’

In his first interview with the Budapest Business Journal since he was elected president of the American Chamber of Commerce...

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...