Business

Construction

Hungary to reintroduce preferential VAT rate for home construction

Hungaryʼs government has decided to reintroduce a 5% VAT rate on home construction until the end of 2022, Prime Minister...

Office Market

Adria Port Zrt. moves to renovated ZenGarden Office Building

Adria Port Zrt. has chosen the Central Business Center (CBC), recently renamed ZenGarden Office Building as its new headquarters, according...

Retail

Inditex to bring latest store design concepts to Etele Plaza

Inditex Group will be present in Etele Plaza, Buda’s largest shopping and entertainment center, with all of its brands available...

Deals

New sales and marketing director at Kempinski Hotel Corvinus Budapest

With the departure of Alexandra Schmidt – on maternity leave since September 1 – Judit Dénes took over the position...

Residential

Duna House commissions climb 10% in Q3

Listed real estate broker Duna Houseʼs third-quarter commissions rose 10% year-on-year to HUF 2.92 billion, rebounding after a pandemic lockdown...

Manufacturing

Latvia industrial production falls in August

Latviaʼs industrial production fell for the second straight month in August, data from the Riga-based Central Statistical Bureau (CSB) showed...

Automotive

From Loom Manufacturing to a World Automotive Brand

3D printers, LED bulbs, the internet, computers, space flight, microwave ovens, mobile phones, television: These are just a few of...

Office Market

Green Court Office tops out, gets interim BREEAM Excellent rating

Green Court Office, a 20,000-sqm office building located in District XIII of Budapest has reached its highest point last week,...

Transport

Wizz Air passenger numbers fall sharply in September

Hungarian low-fare airline Wizz Air carried 1,567,836 passengers in September, down a little more than one-third from the number in...

Logistics

DPD inaugurates HUF 5 bln distribution center in Budapest

Express delivery company DPD inaugurated a HUF 5 billion distribution center in Budapest last week, according to a report by...

Automotive

AutoWallis NKP bonds available for trading

AutoWallis NKP bonds became available for trading on the XBond market of the stock exchange last Friday, after the Budapest...

Transport

MÁV carried 1.7 mln passengers on trains to Balaton during summer

State-owned railway company MÁV carried more than 1.7 million passengers on trains to Lake Balaton in the summer season ended...

Automotive

Average age of cars in Hungary continues to grow

The average age of passenger cars in Hungary continued to grow in the first half of 2020, state news wire...

Appointments

AutoWallis appoints new chief financial officer

Automotive company AutoWallis has appointed Attila Seres as its chief financial officer, according to a press release sent to the...

Logistics

Futureal launches innovative logistics property development firm HelloParks

Gábor Futó, the founder of Futureal and Cordia, has founded a new industrial and logistics property development and investment company...

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...