Business

Science

HUNOR Program Spurs Growth in Hungary’s Space Tech Sector

An event in Budapest yesterday highlighted the positive effects of the HUNOR (Hungarian in Orbit) program on Hungary's space technology...

Residential

Cordia Launches Unique Residential Project as Continuation of Corvin Promenade

Cordia is breaking new ground with an innovative development in the heart of Budapest: the conversion of a building originally...

Pharma

Pharmacies to Enforce Voluntary Drug Price Cuts, Nagy Says

Pharmacies will honor voluntary price reductions by pharma manufacturers and wholesalers by selling the affected products at their listed prices...

Automotive

Businesses Awarded Subsidies for Purchase of 4,000 EVs

Businesses have been awarded subsidies for the purchase of over 4,000 electric vehicles in the framework of a HUF 30...

Real Estate

CEE Real Estate Investment Picking Up

CEE investment volumes rose 143% y.o.y., building on a 70% increase in 2024. The Czech Republic led the growth in...

Business

Wallis Group Reports Record Revenues and Expanding International Reach

Wallis Group closed 2024 with record-high revenue and profitability, as the company continues to expand its presence across Europe. Despite...

Inside View

Sustainability Reporting Made Simpler? The EU’s Omnibus Package Explained

In February 2025, the European Commission unveiled a comprehensive “omnibus package” of legislative proposals to simplify the EU’s sustainability reporting...

Interview

Hungarian Legal Market Remains Competitive, Demanding Top-quality Advice at Speed and Competitive Rates

The Budapest Business Journal asked some of the leading lawyers in Hungary to give us their take on the trends...

Inside View

Digital Under Scrutiny: Key Lessons from GVH’s 2024 Crackdown

The Hungarian Competition Authority (GVH) recently published its 2024 annual report, approved by the Hungarian Parliament, which sheds light on...

Construction

Hungarian Construction Lags as V4 Trends Diverge

Construction industry trends in the Visegrád Four (V4) have diverged early this year, with the Czech Republic and Slovakia showing...

Automotive

Slumping EU Demand, Chinese Competition Challenge German Car Giants

German automotive manufacturers Mercedes-Benz and Audi have faced deteriorating business conditions in Hungary, as both firms reported declining revenue and...

Automotive

Magyar Suzuki Net Sales Revenue Falls From High Base

Net sales revenue of the local unit of Japanese car maker Suzuki fell 21% to approximatelyEUR 2.25 billion last year,...

Retail

Government Proposes Stricter, Personal Permit-based “Mall Stop” Rules

The government has released a proposal for public consultation to amend the regulation referred to as the “mall stop” law....

Deals

Continest Strengthens U.K. Presence Through 2 New Strategic Partnerships

Continest Technologies Plc. has announced the signing of strategic cooperation agreements with two U.K.-based event service providers: EP Team and...

Residential

Home Rental Rates Increase 7.9% Year-on-year in May

Home rental rates in Hungary increased by approximately 7.9% year-on-year in May, data compiled by the Central Statistics Office (KSH)...

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...