Business

Construction

Hungary’s Construction Output Falls 4.5% in February, Building Sector Sees Sharp Decline

Hungary’s construction sector continued to contract in February 2025, with total output down approximately 4.5% year-on-year, according to fresh data...

Science

Hungarian Astronauts Successfully Complete NASA Training

The astronauts of Axiom Mission 4 (Ax-4), including Hungarian research astronaut Tibor Kapu and his reservist Gyula Cserényi, have successfully...

Real Estate

Front Line Establishes Distribution Center at CTPark Budapest West

Front Line Hungary has launched operations at its new 1,500 sqm distribution center at CTPark Budapest West. The center will...

Science

Ministry Announces EUR 1.5 mln Tender for Space Industry Support

The National Economy Ministry has announced a EUR 1.5 million tender for European Space Agency (ESA) support for local space...

HR

Hungary’s HR Leaders to Gather at Benefit Share Conference Amid Workforce Challenges

Addressing the growing complexity of managing this diverse workforce is the focus of the upcoming Benefit Share Conference, set to...

Sustainability

Schaeffler Expands Solar Park in Szombathely as Part of Climate Strategy

Schaeffler Savaria Kft., the Hungarian subsidiary of the global Schaeffler Group, has expanded its on-site solar park in Szombathely, reinforcing...

Business

Decontamination at FMD-hit Farms Set to Finish Saturday

Decontamination at farms in Hungary affected by outbreaks of foot-and-mouth disease could finish by Saturday, Agriculture Minister Istvan Nagy said...

Science

High-performance Computing: More Power or More Customization?

The in-house solution for high-performance computing at the Szeged-based Hungarian Center of Excellence for Molecular Medicine is bespoke tailored to...

HR

Gov’t Aims to Boost Employment Rate to 85% by 2030

Hungary's government aims to raise the employment rate in the 20-64 age group to 85% by 2030, the state secretary...

Residential

Sales of 2nd Phase of Le Jardin Residential Park in District XIII Underway

Sales of the second phase of Living's green residential development Le Jardin have started, with the project offering some 147...

Automotive

Businesses Apply for HUF 29.7 bln of Subsidies to Buy EVs

Businesses have applied for HUF 29.7 billion of subsidies in a scheme to support purchases of EVs, close to the...

Manufacturing

Ganz Transitions to Green Energy for Manufacturing Activities

The construction of the solar power plant and energy storage system for Ganz Transformers and Electric Rotating Machines has been...

Automotive

Foreign Minister: Automotive Industry’s Interest in Hungary on the Increase

The automotive industry's interest in Hungary has "increased significantly in recent days", as the country provides a stable environment for...

Retail

Hungary’s Retail Sales Rise 3.3% in February, Monthly Sales Slightly Down

Hungary's retail sales rose by 3.3% in February compared to a year earlier, boosted by strong demand for food and...

Residential

Hungary’s Housing Capital Program Expanded to HUF 300 bln

The Housing Capital program, initiated by the Ministry of National Economy, coordinated by the National Capital Holding, and financed by...

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...