Business

Retail

Lidl Hungary Marks Two Decades as an FMCG Market Leader

Lidl Hungary marked its 20th anniversary by celebrating outstanding achievements, including securing the top spot in the Hungarian FMCG sector...

Construction

Hungary’s Construction Output Declines 0.5% Year-on-Year in October

Hungary’s construction output volume declined by 0.5% in October 2024 compared to the same month last year, according to raw...

Manufacturing

Videoton to Finish 2024 With Revenue of Around HUF 300 bln

Electronics manufacturing services company Videoton expects to close 2024 with net revenue of around HUF 300 bln, chairman-CEO Gábor Széles...

Telco

Generative AI Takes Center Stage at Yettel Hungary

AI is reshaping industries worldwide, and telco is no exception. Earlier this year, Yettel Hungary created a new department within...

Retail

Retailers Raging Against the Dying of the Black Friday Light

Drowning in dullness was our conclusion about last year’s Black Friday promotion in Hungary. More accurately, the promotion period, as...

Construction

Competition Office Fines Construction Firms Over Cartelling Activity

Hungary's Competition Office (GVH) has fined two units of the Homlok group HUF 1.2 billion for colluding in a public...

Automotive

Hungarian Automotive Fears it Must Brace for Impact

Automotive in Hungary has been struggling for a while now, and with newly introduced European duties on Chinese EV imports...

Retail

Survey: Shoppers Prepared to Hunt for Best Holiday Deals

Most consumers are actively searching for holiday discounts, according to EY's int'l survey of 13,000 shoppers. The study found that...

Automotive

Mercedes-Benz to Shut Down Production for 1 Month

Mercedes-Benz will be shutting down production at its base in Kecskemét for a winter break from December 18 until January...

Automotive

AutoWallis Group Issues EUR 20 mln Bond to Fund Int’l Expansion

AutoWallis Group has raised EUR 20 mln in a private bond placement to support its international expansion and acquisition strategy....

Residential

Home Rental Rates in Hungary Climb 7.7% in November

Home rental rates in Hungary rose 7.7% year-on-year in November, date compiled by the Central Statistical Office (KSH) from listings...

Retail

Most Buy Christmas Gifts in Good Time

Most people start buying gifts 3-4 weeks before Christmas, with only 1% leaving it to the last minute, according to...

Office Market

Liberty’s Tenant Base Expands With Major Companies

More tenants are moving into Wing's Liberty building: Zenitech Consulting has signed a lease for 1,500 sqm, and the Hungarian...

Transport

Ferenc Liszt Europe’s Fastest Growing Airport – Minister

Budapest Ferenc Liszt International is Europe's fastest-growing airport, National Economy Minister Márton Nagy said at an awards ceremony late Tuesday,...

Office Market

SSCs and BSCs Require Higher Quality Space

The CEE region is seen as attractive for business services centers based on three factors: cost, talent and quality of...

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...