Business

Appointments

Vladimír Dočekal Named Managing Director of Orlen Hungary

Vladimír Dočekal has been appointed to take over as manageing director of Orlen Hungary, the company tells the Budapest Business...

Appointments

Tímea Bana Joins Kinstellar as Partner

Tímea Bana, a high-profile Technology, Media, and Telecommunications (TMT), Data Protection (DP) and Intellectual Property (IP) lawyer, has joined Kinstellar’s...

HR

Number of Women Execs at Successful Hungarian Companies on the Rise

The number of successful Hungarian businesses headed by women is on the rise, László Hunyadi, the deputy state secretary for...

Construction

Hungary’s Construction Output Falls in August

Hungary’s construction output decreased by 6% year-on-year in August 2024, according to data released by the Central Statistical Office (KSH)....

Transport

‘Continuous Improvement’ Crucial Amid Seasonal Fluctuations

As the European airline tourism season begins to tail off post-summer, the aircraft maintenance business of Lufthansa Technik at Budapest...

Office Market

Olympia Unveils Fresh Identity, Embraces Hybrid Work in Budapest

Olympia, formerly known as Aréna Business Campus, has unveiled its new identity and innovative approach, positioning itself as one of...

Appointments

New General Manager Takes Helm at Matild Palace

From October 1, Serkan Hüsünbeyi took over as the new general manager of Matild Palace, the hotel tells the Budapest...

Automotive

MG Market Share in Hungary Increases

MG Motor Hungary is sticking to its target of 3% market share for the British-origin, Chinese-owned car brand MG, the...

Residential

Home Prices Rise 6.7% y.o.y. in September

Home prices in Hungary rose 6.7% year-on-year in September, the listing site ingatlan.com said....

Inside View

How does GloBE Affect Hungarian Subsidiaries?

The world of international taxation is undergoing significant change with the introduction of the global minimum tax (GloBE) framework. This...

Startups

PastPay Raises EUR 12 mln to Fuel Expansion Across European Markets

PastPay has secured EUR 12 million in Series A funding, the largest for a B2B buy now, pay later provider...

Business

Shaping the Future With Confidence Through EY-Parthenon

EY-Parthenon is the strategic and management consulting arm of the EY global network. It can assemble locally connected, internationally experienced...

Real Estate

RTL Hungary moves HQ to Renovated Liget Center

RTL Hungary has moved into the Liget Center, owned and redeveloped by Wing and located next to the Városliget or...

Transport

Payouts of EV Subsidies for Businesses Reach HUF 2 bln

More than HUF 2 billion of subsidies in a scheme to support businesses' purchases of electric vehicles has been paid...

Automotive

AutoWallis Maintains Growth Projections Despite Market Challenges

Despite turbulent market news, AutoWallis remains confident, with analysts projecting a one-year target price of HUF 223 for the company’s...

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...