Business

Residential

Cordia Announces Plans to Add 1,000 Apartments This Year in Budapest

To adapt to market trends, residential developer Cordia is launching sales for multiple projects in Q1. The company plans to...

Transport

Wizz Air Lowers Profit Forecast Amid Fleet Groundings, Rising Costs

According to a recent statement, Hungarian low-cost airline Wizz Air has cut its annual net income forecast for the second...

Office Market

Quality Office Spaces Remain in High Demand Despite Rising Vacancy Rates in Budapest

Accessibility, cleanliness, air quality, and the ever-important issue of heating and cooling—these are the top concerns for office users, according...

Manufacturing

Industrial Producer Prices Rise 9% in December, Driven by Weaker Forint

Industrial producer prices in Hungary increased by approximately 9% year-on-year in December 2024, according to fresh data from the Central...

Transport

Record Highway Vignettes Purchased Ahead of January 31

According to the National Toll Payment Services, motorists in Hungary have purchased 1.4 million annual highway vignettes for the year,...

Appointments

New Managing Director Appointed at MSD Hungary

MSD Hungary, the local affiliate of the global innovative pharmaceutical company MSD, announced the appointment of Sean R. Smith as...

Residential

Budapest’s New Housing Market Surges, but the Boom May Be Just Beginning

The second half of 2024 saw a major surge in Budapest’s new housing market, with 5,300 newly built apartments sold...

Automotive

Toyota Sales in Hungary Climb Close to 5% in 2024

The Japanese Toyota brand's dealerships sold a total of 18,123 new vehicles in Hungary in 2024, up 4.8%, Toyota Central...

Retail

Gov’t Looking to Address Rising Milk, Dairy Prices

The government is closely monitoring milk and dairy product price developments and is prepared to take "firm measures" to ensure...

Deals

Corvinus University and Mastercard Enter Collaboration

A thematic mini-course, a student team competition, and a new scholarship are among the opportunities outlined in the memorandum of...

HR

Hungary’s Unemployment Rate Steady at 4.3% in December

In December 2024, Hungary's unemployment rate remained steady at 4.3%, with approximately 210,000 people unemployed, according to the latest data...

Transport

Hungary Exploring Purchase of Swiss Trains Amid Rail Modernization Efforts

Hungary is in discussions to acquire a significant fleet of Swiss trains as part of its ongoing efforts to modernize...

Transport

Direct Flight to be Launched Between Budapest and Kuwait City

A direct flight is to be launched between Budapest and Kuwait City, courtesy of Jazeera Airways, Ferenc Liszt International Airport's...

HR

VOSz Highlights Need for Guest Workers

The National Association of Entrepreneurs and Employers (VOSz) highlighted the need for guest workers during the current phase of economic...

Construction

Rákosrendező Brownfield Site May Only Be Sold to Designated Buyer – MNV

Real estate around Rákosrendező train station may only be sold to a buyer designated by the UAE, with the prior...

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...