Business

Residential

3% Home Start Loan Scheme not Expected to Drive up Property Prices, Gov’t Official Says

The price caps in the Home Start program's 3% fixed-rate credit for first-time buyers will prevent a surge in real...

Automotive

Chinese Brands Gain Ground in Hungary’s Used Car Market

Chinese automakers are continuing to carve out a larger share of Hungary’s used car market, according to the latest data...

Business

VOSZ Makes Further Proposals to Improve Environment for Doing Business

The Confederation of Hungarian Businesses (VOSZ) on Tuesday said it was making further proposals to improve the environment for doing...

Transport

Procurement Announced for H8, H9 HÉV Upgrade Plans Including Örs Vezér Tere Bridge

The Ministry of Construction and Transport has launched a public procurement procedure for the licensing and construction plans for upgrading...

Residential

Details of Home Start Scheme Cleared up at Talks

Details of the Home Start subsidised credit scheme for first-time home buyers were cleared up at talks with representatives of...

Automotive

AutoWallis to Open New BYD Dealership in Debrecen

AutoWallis Nyrt. said it will expand its partnership with BYD, the world’s largest manufacturer of new energy vehicles, by opening...

Fintech

MotoGP: Hungarian Grand Prix Goes Cashless

MotoGP is returning to Hungary with a fully cashless system. The Hungarian round of the motorcycle world championship will be...

HR

Tesco Surpasses Lidl in Headcount Amid Seasonal Hiring Boost

Tesco added over 700 employees from May to June, reclaiming its lead over Lidl in staff numbers, according to a...

Transport

Hungrail: Rail Freight Business Model No Longer Sustainable

Hungary's rail freight transport business model has become unsustainable, with toll revenues failing to cover costs, falling volumes, worsening capacity...

Construction

Demand for Building Materials Remains Modest in H1 – Évosz

Demand for building materials remained modest in H1 2025. The building materials market has not recovered since 2023, Attila Juhász...

Construction

Hungary’s Construction Output Rises 2.6% in June, Falls Sharply From May

Hungary’s construction sector saw moderate year-over-year growth in June but a steep drop from the previous month, according to data...

Automotive

China’s BYD Opens 5 New Dealerships in Hungary

China’s BYD is further expanding its sales and service network in Hungary, opening five new dealerships in the fourth quarter,...

Residential

Less Than Half of Budapest Flats Covered Under Home Start Program

Out of more than 135,000 real estate listings for homes for sale, 102,000 meet the criteria under the Home Start...

Retail

Westend Launches First Hackathon to Redefine Visitor Experience

The Westend shopping center in Budapest, part of the Gránit Pólus Group, has launched its first-ever competition aimed at elevating...

Transport

MÁV Starts HUF 15 bln Station Renovation Program

MÁV is starting a HUF 15 billion station renovation program, financed by its own funds and money from the Hungarian...

Appointments

Géza Palocsay Named Managing Director of Douglas Central Europe

Géza Palocsay has been appointed managing director of Douglas Central Europe, overseeing the beauty retailer’s operations in Hungary, the Czech...

Residential

Budapest Castle District Voters Back Short-Term Rental Ban

Nearly 59% of participants in an online vote in Budapest’s District I supported a complete ban on short-term rentals, Castle...

Real Estate

Erste Real Estate Investment Fund Buys H2Offices

Skanska has agreed to sell the second phase of its H2Offices complex to Erste Open-Ended Real Estate Investment Fund, represented...

Retail

Aldi Cuts Selection and Prices, Shifts toward Stricter Discount Model

Aldi has reduced its food assortment from 2,600 to 2,100 products as part of a data‑driven cleaning process that keeps...

Business

Working for a Competitive Advantage – The Latest Issue of the BBJ

Róbert Keszte became president of the German-Hungarian Chamber of Industry and Commerce (DUIHK) in 2025. In an interview with the...

Real Estate

Investors Becoming More Selective as Markets Rebound

Commercial real estate investment across the CEE-6 markets reached EUR 5.8 billion for H1 2026 compared with EUR 5.4 bln...

Géza Palocsay Named Managing Director of Douglas Central Europe

Géza Palocsay has been appointed managing director of Douglas Central Europe, overseeing the beauty retailer’s operations in Hungary, the Czech...

Continest and Sweden’s Flexotrap Join Forces on Modular Shooting Ranges

As defense spending grows in importance across Europe following Russia’s full-scale invasion of Ukraine, local firm Continest Technologies Plc. and...

Hungary’s Housing Costs Drive Buyers Toward Garden Plots and Former Wine Cellars

Rising house prices and living costs are pushing more buyers toward properties on Hungary’s outlying garden plots and vineyard land,...

Budapest Castle District Voters Back Short-Term Rental Ban

Nearly 59% of participants in an online vote in Budapest’s District I supported a complete ban on short-term rentals, Castle...

What Might Dogs Reveal About Human Communication?

A Hungarian-led research team working out of the Department of Ethology at ELTE in Budapest is working to discover what...

Erste Real Estate Investment Fund Buys H2Offices

Skanska has agreed to sell the second phase of its H2Offices complex to Erste Open-Ended Real Estate Investment Fund, represented...

Hungary Retail Sales Rise 2.4% in August

Hungary’s retail sales volume increased 2.4% year on year in August but fell 0.7% from July, according to data from...

Hungarian EV Market Continues to Grow, Leading CEE

Electromobility in Hungary continues to grow. In the first half of the year, 7,497 new all-electric passenger cars were registered,...

GTA VI Preview Sends Hungarian Console Interest Surging

Clicks from Hungarian price comparison site Árukereső to online console retailers rose roughly sevenfold the day after the Aug. 27...

Aldi Cuts Selection and Prices, Shifts toward Stricter Discount Model

Aldi has reduced its food assortment from 2,600 to 2,100 products as part of a data‑driven cleaning process that keeps...

18,000 Truck Drivers Near Retirement, Hungary Faces Shortage

Europe currently has more than 500,000 unfilled truck‑driver positions, and another 600,000 drivers are expected to reach retirement age in...

Working for a Competitive Advantage – The Latest Issue of the BBJ

Róbert Keszte became president of the German-Hungarian Chamber of Industry and Commerce (DUIHK) in 2025. In an interview with the...

Hungary’s Industrial Producer Prices Rise 4.8% as Energy Export Prices Surge

Hungary’s industrial producer prices rose 4.8% year-on-year in August and 2.9% from July, with energy export prices climbing sharply amid...

Szentkirályi to Take Over Almdudler Distribution in Hungary From January.

Szentkirályi Magyarország is set to take over Hungarian distribution of popular Austrian herbal soft drink Almdudler on January 1, 2027....

Investors Becoming More Selective as Markets Rebound

Commercial real estate investment across the CEE-6 markets reached EUR 5.8 billion for H1 2026 compared with EUR 5.4 bln...