Business

Manufacturing

State Supports Ganz Electric Investment With HUF 6 bln

The state will support a HUF 21 billion investment program at Ganz Transformers and Electrical Rotating Machines with HUF 6...

Transport

MÁV to Spend Over HUF 4 bln on Keleti Renovation

The renovation of the Keleti railway station cannot be delayed any longer, the time has come, we will begin the...

Deals

Apollo Tyres Extends Association With Hungarian Sports Club DVTK

Tire manufacturer Apollo Tyres Ltd. has announced the extension of its partnership with Hungarian sports club Diósgyőri VTK (DVTK) for...

Automotive

Magyar Suzuki Inaugurates HUF 9 bln Capacity Expansion

The local unit of Japanese car maker Suzuki inaugurated a HUF 9 billion capacity expansion and energy efficiency upgrade at...

HR

Vocational Training Reform Introduces Microcertificates

Recent legislative changes will allow Hungary's vocational training system to adapt more swiftly to labor market demands through the introduction...

Transport

Wizz Air Marks Milestone With More Than 1,000 Daily Flights

Wizz Air announced that it has reached a significant milestone in its effort to revolutionize air travel, now operating more...

Appointments

MET Group Appoints Tom Van de Cruys as Sales & Trading Segment CEO

MET Group, a leading European energy company, has announced the appointment of Tom Van de Cruys as the CEO of...

HR

Hungary’s Employment Edges Down, Jobless Rate at 4.3% in June

Hungary had 4.68 million people employed in June, while the unemployment rate stood at 4.3%, according to the Central Statistical...

Telco

Families With Children Spend More on Communications Services

Households with children in Hungary spend more on communications services than those without, primarily due to higher usage levels, according...

Construction

Masterplast Q2 Loss Widens Despite Stable EBITDA

Masterplast reported a second-quarter loss of EUR 2.43 mln, deepening from a EUR 1.75 mln loss in the same period...

Competition

EIT Health InnoStars Awards: A Helping Hand for Hungarian Healthtech Innovators

The CEE region has never been short of startup talent, but when it comes to healthcare, gaining access to real...

HR

Number of Job Postings Down in Every County in Q2

The number of jobs postings listed on its website were down in every county in the second quarter of the...

Residential

1st-Time Homebuyers Account for 25% of Transactions in Countryside

First-time buyers accounted for around one in four home transactions in the countryside in the second quarter of the year,...

Appointments

Microsoft Hungary Appoints Gabriella Bábel as New Managing Director

Microsoft Hungary has announced that Gabriella Bábel will take over as managing director of Microsoft Hungary starting in September 2025,...

Automotive

Lamborghini Tops Ferrari in Hungary’s Supercar Search Race, Says Használtautó.hu

According to fresh data from Használtautó.hu for H1 2025, Lamborghini models led in search popularity, though Ferrari claimed more spots...

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...