Business

Construction

Govʼt support could boost home construction market 20%

The governmentʼs new home creation and renovation support measures could boost the home construction market by up to 20% and...

Construction

Increasing home construction, fewer building permits in Q1-Q3

In the first three quarters of 2020, 12,876 new dwellings were built, 25% more than a year earlier, with the...

Retail

Retail sales volume down 2% year-on-year

In September 2020, the volume of sales in retail shops decreased by 1.6% according to raw data and by 2%...

Retail

Number of tobacco shops could fall

The number of tobacco shops could fall shortly, which would result in individual shops serving larger areas, János Lázár, the...

Fintech

Hungarian banks adopters or latecomers to digitalization

Hungarian banks are adopters or latecomers in banking digitalization, according to a fresh global survey conducted by Deloitte, writes azuzlet.hu....

Automotive

AutoWallis registers growth in new vehicle sales

The domestic business unit of AutoWallis saw a rebound to growth in the third quarter, as new vehicle sales within...

Office Market

VCC Live to move HQ to Budapest ONE Office Park

Cloud Contact Center software provider VCC Live is moving its headquarters to the Budapest ONE Office Park office building complex...

Manufacturing

Czech Republic factory activity rises in October

The IHS Markit Czech Republic Manufacturing PMI increased to 51.9 in October of 2020 from 50.7 in September, pointing to...

Industrial

HelloParks to build one of Hungaryʼs largest industrial parks in Fót

Futureal Groupʼs industrial and logistics property development company HelloParks has acquired its first industrial and logistics development plot in Fót...

Appointments

Chief commercial officer Kam Jandu to leave Budapest Airport

Kam Jandu is stepping down from his position as the chief commercial officer of Budapest Airport, by mutual agreement. He...

Deals

Spar acquires meat company Zimbo Perbál

Supermarket chain Spar Magyarország on Monday said it acquired meat company Zimbo Perbál for an undisclosed consideration, according to a...

Manufacturing

N. Macedonia industrial output shrinks for 7th month

North Macedoniaʼs industrial production fell by 4.1% year-on-year in September, compared to an annual drop of 9.1% in the previous...

Manufacturing

Industrial producer prices up 5.2% y.o.y. in September

Industrial producer prices as a whole were 5.2% higher in September 2020 than in the same period of the previous...

Interview

5G to be Built on World-class 4G Network

György Koller, CTO of Telenor Hungary, talks to the Budapest Business Journal about the likely evolutionary path from 4G to...

Manufacturing

Croatia industrial output flattish in September

Croatiaʼs industrial output decreased by 1.1% year-on-year in September, after shrinking by an annual 1.2% in August, the Zagreb-based Croatian...

Pharma

From Youth-led Ideas to Decision-Makers’ Table: A Day Revolving Around the Future of Hungarian Science and Healthcare

How can Hungary become a regional hub for clinical trials? Young physicians, researchers, and biotech innovators spent a morning tackling...

Business

Finding the Circularity Hotspot – The Latest Issue of the BBJ

Irén Márta, managing director of the Business Council for Sustainable Development in Hungary, says “circularity has outgrown its role as...

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....

From Youth-led Ideas to Decision-Makers’ Table: A Day Revolving Around the Future of Hungarian Science and Healthcare

How can Hungary become a regional hub for clinical trials? Young physicians, researchers, and biotech innovators spent a morning tackling...

Finding the Circularity Hotspot – The Latest Issue of the BBJ

Irén Márta, managing director of the Business Council for Sustainable Development in Hungary, says “circularity has outgrown its role as...

Hungary Among EU’s Most Expensive Countries for Mobile Services

A European Commission study comparing 2024 consumer telecom prices across the EU found that Hungary is among the most expensive...

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...