Business

Automotive

AutoWallis Q1 2025 Income Drops 57% to HUF 600 mln

AutoWallis reported a 57% year-on-year drop in net income to HUF 600 million in the first quarter of 2025, according...

Office Market

Tenant Competition Heats Up for Limited Quality Office Space

Despite current low development levels, Budapest is the second largest office market in the region after Warsaw and, therefore, plays...

Real Estate

OTP Group Launches EUR 400 mln Mixed-use Project in Ljubljana

OTP Group laid the cornerstone of a EUR 400 million mixed-use commercial and residential project at a transport hub in...

Deals

Group.one to Acquire MiniCRM

Group.one has signed an agreement to acquire MiniCRM Zrt. including its Romanian subsidiary MiniCRM Software SRL, a leading provider of...

Retail

Markup Cap on Household Products Comes Into Effect

The government has decided to mandate a 15% cap on markups on household products in 30 categories, news wire MTI...

Real Estate

Homeowners Show Greater Awareness in 2025 Insurance Campaign

Hungarian homeowners are approaching home insurance with increased awareness and long-term planning, according to OVB data from the 2025 home...

Innovation

AI Drives Fundamental Change in ERP Modernization

A wave of structural transformation is unfolding across the enterprise IT landscape. Artificial intelligence is no longer just an add-on...

Tech

Making Sense of Programming ‘Architecture Salad’ Through AI

It used to be the realm of imagination to think that automation of highly complex legacy IT system integration would...

Automotive

Gov’t Signs New Strategic Cooperation Agreement With Audi

The government has signed a new strategic cooperation agreement with Audi, Minister of Foreign Affairs and Trade Péter Szijjártó said...

Deals

Corvinus Uni Signs New Strategic Partnership With Leading Asian University

Corvinus University and the Chinese University of Hong Kong Shenzhen Research Institute (CUHK SZRI) signed a strategic partnership deal to...

Interview

Wallis Group Celebrates 35 Years of Market Leadership, Strategic Growth

The Wallis Group, a prominent investment conglomerate in CEE, is marking its 35th anniversary. In an exclusive interview, CEO Gyula...

HR

Better Salary Remains Top Reason for Switching Jobs

Better pay remains the top reason for changing workplaces in Hungary, a recent survey by economic research foundation Oeconomus and...

Deals

B+N Referencia Zrt. Strengthens Position in Italy With Another Acquisition

Sagad s.r.l., the Italian subsidiary of B+N Referencia Zrt., has signed an agreement to acquire the facilities management business of...

Telco

Magyar Telekom Earnings Climb on Higher Revenue, Tax Rollback

Q1 net income of Magyar Telekom rose 61% y.o.y. to HUF 54.2 billion, boosted by higher revenue and the rollback...

Innovation

World-class IT Innovation Wins Hungarian Grand Prize

The 2024 Hungarian Grand Prize for Innovation was awarded in a ceremony held at the Upper House Hall of the...

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...