Business

Automotive

BYD Raises the Stakes in Hungary, but Will Conditions Play in its Favor?

The EU’s automotive industry is fighting a war on multiple fronts, with tariffs emerging as the latest threat. Hungary’s economy...

Transport

Travel Time Between Budapest and Ferenc Liszt Int’l to Increase Due to M4 Renovation

Between July 7-24, Hungarian Concession Infrastructure Development Zrt. will carry out scheduled refurbishment works on the Vecsés junction section of...

Manufacturing

Hungary’s Industrial Production Falls 2.6% Year-on-Year in May

Hungary’s industrial production fell 2.6% in May compared with the same month a year earlier, according to preliminary data released...

Interview

‘Restoration King’ Rising to the Challenge, Optimistic for the Future

The Kempinski Hotel Corvinus Budapest has just completed a five-year, EUR 30 million renovation of its 350 rooms and suites....

Industry

CATL Debrecen: No Mass Layoffs Made

No mass layoffs have been made at CATL Debrecen, Contemporary Amperex Technology Hungary Kft told state news wire MTI on...

Appointments

PwC Hungary Appoints New Partners to Strengthen 3 Business Lines

PwC Hungary is strengthening three of its business lines with the appointment of three digitalization experts, effective July 1, the...

Residential

Gulyás: Home Start Program ‘Big Step Forward’ for Young Home Buyers

The government's Home Start programme marks a "big step forward" for young Hungarians seeking to buy their first home, Gergely...

Interview

Company Cars and VAT: Hidden Pitfalls and the Risk of Serious Penalties

Company cars are a popular perk for employees, but the rules surrounding how businesses handle VAT for these vehicles are...

Automotive

Italian Polymer Innovation Drives Automotive Dialogue in Budapest

Italian innovation in the automotive industry took center stage in Budapest on May 14, as the “Polymers and Compounds for...

Pharma

Voluntary Medicine Price Restrictions Now in Effect

Voluntary price restrictions on a range of medicines took effect this Tuesday, according to a statement issued on the Ministry...

Logistics

LogiCube Park Reaches New Milestone: 2nd Phase of Industrial Park Handed Over

LogiCube Park has completed the second 3,800 sqm facility of its logistics complex, with the first tenant already on site....

Interview

Auto Rentals Face Fragmentation as Tourism Surges in Budapest

Gábor Dévai, co-owner of Green Motion and Usave car rental Hungary, highlights the shifting dynamics of mobility, the growing impact...

Sustainability

Apollo Tyres Achieves ISCC+ Certification for Hungary Facility,

Apollo Tyres' facility in Hungary has been awarded the International Sustainability and Carbon Certification Plus (ISCC+) certification, the company tells...

Logistics

HGL Triples Leased Area in HelloParks Maglód Megapark

HGL signed a lease agreement for another 10,000 sqm in the HelloParks industrial real estate developer’s Maglód megapark, the developer...

Interview

Frame Group Driving Automotive Productivity Through Facility Expertise

Executive board member and Frame Group shareholder Attila Puskás talks with the Budapest Business Journal about the unique challenges of...

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...