Business

Deals

Corvinus Signs Cooperation Deal With Consulting Firm Stratis

Corvinus University entered into a three-year strategic partnership agreement with consulting firm Stratis, the university told the Budapest Business Journal....

Innovation

Varga Points to Need From Improvement in Digital Competitiveness

A proposed package of European Union regulations on VAT in the digital age approved by EU finance ministers allows businesses...

Construction

Rural Growth Bolsters Hungary’s Declining Housing Starts

Hungary's housing completions declined by 19% in the first three quarters of 2024, with new construction in Budapest and key...

Construction

Construction Industry Ready to Play ‘Active Role’ in Stimulus Plan

Hungary's construction industry can play an "active role" in the implementation of government measures to boost economic growth, industry association...

Residential

Metrodom to Focus on Budapest as it Transitions to Premium Residential Market

András Kígyósi, sales director at Metrodom, discusses changes in the market over the past seven years and a switch in...

Automotive

AutoWallis Group Opens 1st Renault and Dacia Dealership in Budapest

The AutoWallis Group has opened its first Renault and Dacia dealership in the Hungarian capital. The showroom and service center...

Competition, Startups

Econverse Budapest: 1st International Startup Competition to Empower Student Entrpreneurs

Are you ready to turn your entrepreneurial dreams into reality? International startup competition Econverse Budapest offers young innovators in Hungary...

Innovation

E-mobility at the Doorstep of Domestic Logistics

In Hungary, e-mobility is mostly associated with the electrification of passenger vehicles, though it holds significant potential for the logistics...

Telco

The Real Mission of Mobile Network Towers

Mobile services are becoming like oxygen for humans: an indispensable part of our lives. Vantage Towers plays a crucial role...

Office Market

Office Builders Exercise Caution in Uncertain Market

Development in the Budapest office market continues to be limited, with developers exercising caution in their strategies and new projects...

Automotive

Car Buyers to Lose Most From Punitive Tariffs on Chinese EVs – HIPA

Car buyers "stand to lose the most" as a result of the European Union's punitive tariffs on Chinese electric vehicles,...

Real Estate

New Tenant Benefit System set to Disrupt Domestic Real Estate Market

CPI Hungary is offering a groundbreaking opportunity to its partners with a complex solution that is unique, even in international...

Office Market

Aréna Business Campus Reborn as Olympia

The Aréna Business Campus has been given a new name, Olympia, as it adopts what developer Atenor calls a “fresh...

Interview

DUIHK: Supporting a Competitive Business Environment for Competitive Companies

The Budapest Business Journal sat down with Barbara Zollmann, CEO and board member of the German-Hungarian Chamber of Commerce and...

Real Estate

Strong Sales, Increasing Rentals, but Retail Stock is Static

Retail and shopping center development remains understandably constrained, given concerns about spending power and increasing e-commerce use; no major mall...

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...