Business

Sustainability

Office market still going strong in Q3, says CBRE

According to CBREʼs third-quarter real estate market report, the commercial market shows no signs of slowing down, despite the recent...

Interview

Czech furniture makers expect record sales in 2019

Czech furniture makers expect to see record sales and profits in 2019. Production in the Czech furniture sector could climb...

Deals

E.ON Hungáriaʼs ELMŰ, ÉMÁSZ buyout offers cleared

The National Bank of Hungary (MNB) has approved mandatory public purchase offers for the outstanding shares of regional electricity distributors...

Sustainability

Housing market grows slowly in Q1-Q3 2019

The housing market in Hungary saw a moderate expansion in the first three quarters of the year, with significantly higher...

Automotive

Audi to increase engine production in Hungary, says Szijjártó

German carmaker Audi will increase the production of engines at its Hungarian factory to 2.25 million units next year, Minister...

Industrial

Wing to Enter the Polish Market

Wing is set to become a majority stakeholder in the Polish investor and developer, Echo Investment and, through it, aims...

Interview, Culture, Music

When Rock ‘n’ Roll met Communism, There was Only Going to be 1 Winner

Traffic, the U.K. foursome famous for their flower-power hit “Hole in My Shoe”, were one of the first Western rock...

Industrial

Speculative Countryside Projects Still the Exception

The Budapest Business Journal discusses the current trends on the Hungarian industrial real estate market with local advisory companies....

Office Market

Award winning projects pave way for new development

Horizon Development has just returned from EXPO REAL where the ongoing projects of its diverse portfolio were presented to the...

Office Market

Market Talk: Developing a Growing Market

Some of the leading players in Hungary’s real estate market talk to real estate editor Gary J. Morrell about which...

Office Market

Futureal Starts Construction of Final Planned Office Phase at Corvin Promenade

Futureal Group has started the development of the final office complex on Corvin Promenade. Corvin7, developed in two phases, will...

Incubators

Happy at Work selected as beta startup at Web Summit

Swedish-Hungarian startup Happy at Work has been selected as a beta startup among thousands of applicants to pitch at Web...

Sustainability

CEE Attracting Growing Number of Asian Investors

Total office stock in major CEE cities now totals almost 21.8 million sqm and forecasted completions by 2021 will increase...

Pharma

Shopping Center Redevelopment the Norm

Hungary is recording positive retail indicators, with sales increasing by 5% year-on-year in August, according to the Central Statistical Office...

Industrial

Despite low Availability, Industrial Development Still Restrained

Although there are several ongoing speculative developments by both international logistics park operators and builders and Hungarian developers, the local...

Appointments

Hera Cuku Named Managing Director of Lilly Hungary

Eli Lilly has appointed Hera Cuku as managing director of Lilly Hungária Kft., bringing international leadership experience and a scientific...

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...

Revolut Links Service Disruption to Google Cloud Outage

Revolut has attributed its Oct. 20 service disruption to a Google Cloud outage, telling customers that normal operations were restored...

Serbia Says MOL Deal for NIS Stake Signed; MOL Reports No Disclosure Update

A contract for MOL’s acquisition of a stake in Serbian oil and gas company NIS from Russia’s Gazprom Neft has...

Citi Appoints Zoltán Schwardy as Country Officer and Banking Head for Hungary

Citi has announced the appointment of Zoltán Schwardy as Citi country officer (CCO) and banking head for Hungary, effective Sept....

Budapest Office Vacancy Rises to 13.1% as Leasing Demand Falls Year-on-Year

Budapest’s office vacancy rate rose to 13.1% in the third quarter of 2026, while total leasing demand fell 9% year-on-year,...

Hera Cuku Named Managing Director of Lilly Hungary

Eli Lilly has appointed Hera Cuku as managing director of Lilly Hungária Kft., bringing international leadership experience and a scientific...

Revolut Users Report Disruptions to Payments, Transfers and Currency Exchange

Revolut users experienced problems with several services on Tuesday morning, including card payments, transfers and currency exchange, Hungarian fintech portal...

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...