Business

Logistics

Retro Jeans to set up Central Warehouse in HelloParks AN1 Hall

Hungarian fashion company Retro Jeans will be the first to move into HelloParks AN1, Hungary's largest speculative industrial building this...

Retail

Coop Group Turnover Increased to HUF 860 bln in 2024

Revenue of members of the Coop group of supermarkets rose by approximately 4% to HUF 860 billion last year, CO-OP...

Transport

BP Public Transport to Halt for 10 Minutes on Friday in Protest Over City’s Financial Struggles

Public transportation in the Hungarian capital will come to a standstill for 10 minutes this Friday, from 11:50 a.m. to...

Tech

Honor 400 Series Delivers Triple-Digit Sales Growth in Hungary

AI device ecosystem company Honor today announced early sales performance for its newly launched Honor 400 Series across the Hungarian...

Deals

MOL to Acquire Majority Stake in BME Operator

Hungarian oil and gas company MOL has made a HUF 50 billion purchase offer for state-owned BME Fenntartó, the operator...

Office Market

Office Concept Goes Thru Fundamental Changes

The office concept has undergone fundamental changes with the impact of hybrid working practices. That builds on complex demands and...

Office Market

Low Levels of Speculative Development in Budapest

Speculative office building in Budapest continues to fall as developers exercise caution in their development strategies. New projects are not...

Innovation

Microsoft Commits to Teach AI Hungarian Following GVH Probe

Microsoft is adopting a commitment package and will be developing its own AI-based systems using 10 billion Hungarian words, Hungary's...

Residential

Duna House Net Profit Climbs 34% in 1st Quarter of 2025

First-quarter net profit of listed real estate broker Duna House climbed 34% year-on-year to HUF 594 million, news wire MTI...

Manufacturing

Hungary’s Industrial Producer Prices Rise 7.9% in April, Decline Slightly from March

Hungarian industrial producer prices rose by 7.9% in April 2025 compared to the same month a year earlier, while edging...

Automotive

Mercedes-Benz Hungary Unit Net Sales Revenue Slips in 2024

Net sales revenue of the local unit of German car maker Mercedes-Benz fell EUR 904 million to EUR 4.171 billion...

Office Market

Design Must Meet Tenant Needs and ESG Demands

With changing office requirements for design and management to keep pace with the expectations of tenants and ESG regulations, developers...

Real Estate

DVM at 30: How the ‘Sum of Small Improvements’ Built a ‘Deeply Exciting’ Business

This year, DVM group marks the 30th anniversary of its foundation in Budapest in 1995. To mark the occasion, the...

Automotive

Rába Books Modest Profit in 1st Quarter as Revenue Falls

Listed Hungarian automotive industry company Raba had first-quarter after-tax profit of HUF 21 million, improving from a HUF 191 mln...

Office Market

Law Firm Wolf Theiss Sets up Office in Liget Center

International law firm Wolf Theiss is setting up its law office on almost 1,300 square meters in Liget Center Classic...

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...