Business

Telco

4iG Group Reports Record Revenue, EBITDA in H1

The 4iG Group says it continued its growth trajectory in the first half of 2024, setting a new record for...

Office Market

Graphisoft Park Renews Leases of 2 Key Tenants

Graphisoft Park, which owns and operates the eponymous business park in the north of Budapest, has finalized lease renewal contracts...

Appointments

Óbuda Group Merges Architecture, Project Management Operations

Óbuda Group has decided to merge its architect and project management areas, the company tells the Budapest Business Journal....

Manufacturing

Gov’t Made ‘Every Effort’ to Save Dunaújváros Steelworks – Ministry

Hungary's government has made "every effort" to save the Dunaújváros steelworks, while India's Liberty Steel, which acquired the steelworks in...

Deals

Watchdog Clears Mevinvest Buyout Offer for Akko Invest

The National Bank of Hungary (MNB) has approved a buyout offer by Mevinvest for the shares of Akko Invest, real...

Podcasts

Bridging the Gap Between Military, Civilian Innovations

The CEO Breakfast, hosted by the German-Hungarian Chamber of Industry and Commerce (DUIHK) in partnership with the Budapest Business Journal...

Retail

Online Marketplace Allegro Enters Hungary

Allegro, Europe’s largest online marketplace, has announced its expansion into Hungary with the launch of Allegro.hu, offering more than 150...

Science

Semmelweis Uni, Westpfalz-Klinikum Launch Joint Program

Semmelweis University and Germany’s Westpfalz-Klinikum are set to launch a joint medical training program starting in the 2025/2026 academic year....

Deals

HungaroControl, Budapest Airport Sign Partnership Agreement

Air traffic control company HungaroControl and Budapest Airport, the operator of Ferenc Liszt International, signed a strategic partnership agreement in...

Appointments

Leadership Change at PwC Hungary

As of October 1, 2024, László Radványi has officially succeeded Tamás Lőcsei as the country managing partner of PwC Hungary....

Innovation

Hungary Advances AI Strategy with New Academic Programs, Cutting-Edge Supercomputer

Starting next year, universities across Hungary will offer their first master's programs dedicated to artificial intelligence (AI), featuring coordinated curricula...

Business

Corvinus Among Europe’s Top 50 MBA Business Programs

For the first time, a Hungarian university has been included in the newly published international MBA business program ranking for...

Residential

More 1st-time Homebuyers Enter Market

The number of first-time homebuyers has increased somewhat compared to last year, according to data by Duna House....

Manufacturing

Hydro’s Aluminum Recycling Plant Starts Operations in Hungary

Norway’s Hydro officially opened its new aluminum recycling plant in Székesfehérvár (64 km southwest of Budapest by road) on Sep....

Automotive

No Light yet at the end of Automotive Tunnel

The automotive sector in Hungary, so long the engine of the local economy, is struggling against the backdrop of sluggish...

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...