Business

Analysis, Inside View

Geopolitics, Tax Policy and Society in Flux

As chief tax officers manage complexity and changes in legislation, it’s vital to look at the big picture. Geopolitical events...

Retail

Hungary’s Retail Sales Grow 4.7% Year-on-Year in January

Retail sales in Hungary rose 4.7% year-on-year in January 2025, according to both raw and calendar-adjusted data by the Central...

HR

Gov’t Launches 4th Round of EU-funded Employee Training Subsidy Scheme

The government is launching a HUF 15 billion subsidy scheme from March, the fourth phase of a larger project to...

Fintech

Wizz Air Partners With Revolut for One-Click Payments and RevPoint Rewards

Wizz Air has announced a new partnership with fintech Revolut. More than 60 million customers will gain access to secure...

Interview

Digital Technology and Medical Innovation = Better Patient Outcomes.

Colette Matz, country president and general manager of Novartis Hungary, talks to the Budapest Business Journal about key milestones in...

Appointments

New Managing Director at Hankook’s Sales Office in Hungary

As of January 1, 2025, Dongchul Kwon has taken over the leadership of Hankook's Budapest office, Hankook Tire Budapest Kft,...

HR

Unemployment Rate at 4.4% in January, Employment Rises

Hungary's unemployment rate for people aged 15–74 stood at 4.4% in January, with 214,000 people unemployed, according to data released...

Residential

Duna House Earnings Climb 18% Year-on-year in 2024

Net income of listed real estate broker Duna House rose by approximately 18% to HUF 2.9 bln in 2024, MTI...

Startups

Fintech Startup Lightyear Secures Strategic Partnership With Petya Balogh

Lightyear, a fintech startup focused on investment education and financial technology, has announced a strategic partnership with Hungarian entrepreneur and...

Pharma

Richter Earnings Jump on Higher Revenue, Improved Margins

Net income of Hungarian pharmaceutical company Gedeon Richter climbed 51% to HUF 239.2 bln in 2024, lifted by higher revenue...

Retail

Gov’t Introducing VAT Refund Cards for Pensioners

Pensioners in Hungary are set to receive special cards to reclaim VAT on certain basic food products, Prime Minister Viktor...

Podcasts

Is Your Business Truly Digitally Transformed? -CBI Podcast

In an era where digital transformation is the key to resilience, are organizations genuinely evolving, or just going through the...

Deals

Gránit Asset Management’s Largest Real Estate Fund Expands With International Investment

The Magyar Posta Takarék Real Estate Investment Fund (MPTIA), managed by Gránit Asset Management, has invested EUR 10 mln in...

Industrial

CEE Industrial Market Still Attractive Despite Development Downturn

The CEE industrial market has grown on the back of increasing demand for industrial space to meet FDI, notably in...

Deals

4iG Space Business Signs Contract With CPI Vertex Antennentechnik

4iG Space and Defence has signed a contract with Germany's CPI Vertex Antennentechnik on the delivery of central antenna systems,...

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...