Business

Industrial

Modern Industrial Stock Grows in Hungary in Q2

At the end of Q2 2025, the total modern industrial stock in Hungary amounted to 5,844,765 sqm, reflecting an increase...

Automotive

Construction of BYD Plant in Hungary ‘Proceeding on Schedule’

The construction of Chinese vehicle maker BYD's plant in Szeged is "proceeding on schedule", BYD Hungary told Hungarian news agency...

Deals

Bourse and Abu Dhabi Peer Signs MoU

The Budapest Stock Exchange (BSE) and the Abu Dhabi Securities Exchange (ADX) have signed a MoU on deepening relations between...

Residential

Gov’t Publishes Draft Decree on 1st-time Home Buyers Credit Scheme

The government has published a draft decree on the Home Start Program, a subsidized credit scheme for first-time home buyers,...

Science

The Secret Life of Human Nerve Cells

Neurodegenerative diseases are chronic conditions that cause nerve cells to lose function and die over many years. A decade-long, gradual...

Appointments

Gergely Ujvári Appointed Chief Operating Officer at Work Force

Gergely Ujvári was appointed the new chief operating officer at Work Force, with the company looking to enhance day-to-day operational...

Residential

Home Start Program Could Support Rental Rate ‘Normalization’ – State Secretary

A subsidized credit scheme for first-time home buyers could boost the rate of owner-occupied residential property in Hungary, supporting the...

Innovation

Hungary Moves Into Focus for European Data Center Industry

Architecture and general planning firm .bieker has been planning data centers throughout Europe since 2013. It is now clear that...

HR

Majority of Hungarians Lack Access to Remote Work, WHC Study Finds

Although employee demand for flexible work arrangements such as remote work continues to grow, approximately 81% of Hungarians currently cannot...

Automotive

KIA Hungary Targets 900-950 Electric Vehicle Sales This Year

Local sales of electric vehicles manufactured by South Korea's KIA could reach 900-950 this year, KIA Hungary head Norbert Nagy...

Innovation

Hungary’s 1st Industrial AI Department Celebrates 5 Years

Established in 2020 at the Faculty of Informatics of Eötvös Loránd University (ELTE), the ELTE-Bosch Department of Artificial Intelligence has...

Real Estate

Innovinia Delivers Logistics Facility at IGPark Debrecen

Innovinia has completed construction of an approximately 20,000 sqm logistics hall at IGPark Debrecen. The major tenant at the facility...

Innovation

Budapest Among 50 Most Innovative Cities in the World

Budapest was listed among the 50 most innovative cities of the world at the Bloomberg Philantropies 2025 Mayors Challenge competitions,...

Fintech

Electronic Payments on the Rise

The number of electronic payments in Hungary climbed over 2.5 billion in 2024 to account for approximately 42% of all...

Real Estate

Real Estate Sales Serve to Rationalize Operation of State – Ministry

The sale of state-owned real estate serves efforts to rationalize the operation of the state, Hungary's National Economy Ministry said...

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...