Business

Retail

Online sales up 34% in Q2

Online sales in the second quarter were up 34% annually at HUF 188 billion, Hungarian news agency MTI reports, citing...

Appointments

New CEO at ALD Automotive Magyarország

As of September 1, Olena Tymofiyiva is taking over the position of CEO of ALD Automotive Magyarország Kft., a provider...

Construction

More new homes, declining housing construction sentiment

In the first half of 2020, 8,697 new dwellings were built, 34% more than a year earlier, according to a...

Deals

Mid Europa mulls Wabererʼs sale

Private equity company Mid Europa Partners is weighing a sale of its stake in listed Hungarian haulage company Wabererʼs, Wabererʼs...

Transport

Pandemic passenger volume plunge puts Wizz Air in the red

Hungarian low-fare airline Wizz Air booked a EUR 108 million loss in the first quarter of its business year started...

Construction

Pandemic plays minor role in construction sector contraction

Dwindling European Union funding at the end of the blocʼs seven-year budget period has impacted Hungaryʼs construction sector more than...

Deals

INA books H1 loss on pandemic effect

Croatian oil and gas company INA, a unit of Hungaryʼs MOL, booked a first-half loss of HRK 965 million as...

Automotive

Hungarian car market among least damaged in Europe

In the first half of 2020, 25.3% fewer new cars were sold in Hungary than in the same period of...

Interview

The Big Picture: ‘Small is not an Option’

It is not unusual in the digital age that startups skyrocket and become important players on the international market in...

Retail

Amazon to add 500 new jobs in central Poland

Amazon will add an additional 500 new jobs in its new e-commerce centre in Łódź, central Poland. Amazon had already...

Competition

One in five Croatian businesses operated in trade sector in 2019

Nearly one in five Croatian businesses operated in the trade sector in 2019, or 28,814 out of 136,260 enterprises, the...

Interview

Combating COVID with a ʼbeauty treatmentʼ and an edible QR-menu

The Budapest Business Journal talks with Arany Kaviár co-owner and CEO Attila Molnár about the safety measures the restaurant, which...

Retail

Infection of family members named as greatest COVID-19 fear

Some 47% of Hungarians say their greatest coronavirus-related fear is a family member becoming infected, while only 24% say that...

Manufacturing

Korean firms investing ʼseveral 100 millionʼ euros in Hungary

South Korean companies will make investments worth "several hundred million euros" in Hungary in the coming months, Minister of Foreign...

Automotive

Cooper Tire launches USD 55 mln upgrade of Serbian factory

Findlay, Ohio-based Cooper Tire & Rubber Company plans to invest USD 55 million in equipment upgrades and the expansion of...

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...