Business

Residential

Kész Signs EUR 11 mln Contracts for 1st Romanian Housing Project

Kész, one of the largest construction groups in Hungary, which is building its first residential project on the Romanian market,...

Automotive

Ford CEE Sales Organization Coordinating EDM Adds Danish, Finnish Markets to Portfolio

Ford Central & Eastern European Sales LLC has announced the addition of Denmark and Finland to its European Direct Markets...

Science

Nobel Laureate Highlights 3 Ways to Overcome Global Fertility Crisis at Corvinus Uni

Nobel laureate economist James Heckman outlined strategies to address the fertility crisis—alleviating childcare burdens, providing economic support to young people,...

Automotive

New Car Registrations in Hungary Climb 49% in December

The number of new passenger car registrations in Hungary rose 48.7% year-on-year to 11,879 in December, data compiled by the...

Fintech

Revolut Introduces In-App Calls to Help Expose Impersonation Scams

Revolut has announced the roll-out of In-App calls, a new security measure to help customers uncover impersonation scams, and make...

Automotive

Can Hungary Become a Haven for Future-proof Automotive?

Asian suppliers are leading the charge in automotive’s digitalization, and this has ripple effects at the expense of European competitors....

Residential

Eagle Hills Group Unveils Ambitious ‘Grand Budapest’ Project

Eagle Hills Group announced that it has signed a real estate purchase deal with the state for the land on...

Transport

More Than 4,700 Companies Apply for EV Subsidies

More than 4,700 businesses have submitted applications for subsidies in a scheme to support purchases of EVs, the Energy Ministry...

Transport

Karácsony to Propose Disabled Accessibility Along Entire M2 Metro Line

Budapest Mayor Gergely Karácsony will propose ensuring disabled accessibility along the entirety of the city’s M2 metro line, the Mayor’s...

Science

Hungarian, U.S. Researchers Could Bring Treating Memory Disorders Closer

A new Hungarian discovery could open new perspectives on treating age-related and neurological diseases, using a 3D laser scanning microscope...

Automotive

Mercedes-Benz Solidifies Position in Hungary’s Premium Car Segment

Mercedes-Benz solidified its position in Hungary’s premium automotive segment in 2024, registering 5,069 new vehicles, despite a challenging economic environment,...

Automotive

BMW Sells Nearly 6,300 New Cars in Hungary in 2024

BMW Group Magyarország sold 6,274 new cars in Hungary last year, giving it a 5.2% market share, managing director Zoltán...

Appointments

New Managing Director at the Rácalmás Plant of Hankook

Hankook Tire has appointed Ho Taek Lim as the new managing director of its Rácalmás factory, effective December 1, 2024....

Deals

CIB, ORFK Join Forces Against Online Fraud in Hungary

The National Police Headquarters (ORFK) and CIB Bank - a member of the Italian Intesa Sanpaolo Group, signed a cooperation...

Transport

Rail Cargo Hungaria Shifts Ukrainian Steel Wire Imports to Rail

Rail Cargo Hungaria (RCH) has successfully transitioned the transportation of Ukrainian steel wire to rail, replacing a previously road-based system...

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...