Business

Residential

Talks Underway to Clarify Floor Area Rules for Home Start Loans

Financial institutions, the Hungarian Banking Association, and legislators are in talks to finalize and standardize the interpretation of conditions for...

HR

Gov’t Allocates Extra HUF 100 bln for Job Placement Scheme for Over-30s

The gov't is allocating HUF 100 billion of extra funds and increasing the size of a HUF 78.4 bln job...

HR

Hungarian Employees Awaiting Better Times to Change Jobs

In April, we reported on employers’ perceptions of economic changes and their impact on the job market. Some 55% were...

Innovation

Gigabit Hungary Program Opens First Phase for Rural Broadband Expansion

Between August 8-26, infocommunications companies can apply for funding to expand wireless coverage under the first phase of the Gigabit...

Office Market

Graphisoft Park Earnings Slip in H1

After-tax profit of Graphisoft Park, which owns and operates a business park in the north of Budapest, fell 9% year-on-year...

Transport

Waberer’s Year-on-Year Earnings Jump Significantly in Q2

Second-quarter net income of listed hauler Waberer's reached approximately EUR 12.2 million, climbing from EUR 4.8 mln in the base...

HR

Nearly 30,000 Students Participate in Summer Jobs Scheme

Nearly 30,000 students are participating in a summer jobs scheme subsidised by the state this year, the state secretary for...

Residential

Cordia Unveils New Development in Spain With More Than 500 Homes

Cordia has launched the first phase of "360° by Cordia", its next residential project in Costa del Sol, Spain. The...

Automotive

Asking Price for Used Cars Edges Down in June

The average asking price for used cars on sale edged down to HUF 5.4 million in June from HUF 5.2...

Transport

GVH Launches Probe Into Ryanair Over Suspected Misleading Practices

The Competition Office (GVH) has opened competition supervision proceedings against Irish low-cost carrier Ryanair on suspicion of unfair commercial practices...

Residential

Panel Flat Prices Continue to Climb in Budapest as Gap With Brick Homes Narrows

The price gap between panel flats and brick apartments in the capital has narrowed significantly, following a 36% increase in...

Transport

American Airlines to Operate Budapest-Philadelphia Direct Flight

American Airlines will operate a daily direct flight between Budapest and Philadelphia from May 2026, National Economy Minister Marton Nagy...

HR

Hidden Crisis Driving Gen Z Out of the Workforce, Says WHC

The entry of Gen Z into the labor market is reshaping workplace expectations. For them, technological flexibility and freedom of...

Telco

Magyar Telekom Earnings Climb on Improved Margin, Tax Rollback

Q2 net income of Magyar Telekom rose 29% year-on-year to HUF 56 billion, supported by a wider margin and the...

Retail

Electronic Shelf Labels to Benefit Spar Staff and Shoppers

As part of its continued roll-out of digital innovations in Hungary, electronic shelf labels are now in use in more...

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...

Manufacturing

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...

Residential

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,...

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...

Science

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...

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

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...

Automotive

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,...

Retail

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...

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...

Transport

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...

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...

Manufacturing

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...

Deals

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....