Business

Automotive

Slumping EU Demand, Chinese Competition Challenge German Car Giants

German automotive manufacturers Mercedes-Benz and Audi have faced deteriorating business conditions in Hungary, as both firms reported declining revenue and...

Automotive

Magyar Suzuki Net Sales Revenue Falls From High Base

Net sales revenue of the local unit of Japanese car maker Suzuki fell 21% to approximatelyEUR 2.25 billion last year,...

Retail

Government Proposes Stricter, Personal Permit-based “Mall Stop” Rules

The government has released a proposal for public consultation to amend the regulation referred to as the “mall stop” law....

Deals

Continest Strengthens U.K. Presence Through 2 New Strategic Partnerships

Continest Technologies Plc. has announced the signing of strategic cooperation agreements with two U.K.-based event service providers: EP Team and...

Residential

Home Rental Rates Increase 7.9% Year-on-year in May

Home rental rates in Hungary increased by approximately 7.9% year-on-year in May, data compiled by the Central Statistics Office (KSH)...

Office Market

IWG Adds 2 New Regus Offices in Budapest

International Workplace Group is opening two state-of-the-art flexible workspaces in Budapest. These locations are part of a drive by International...

Transport

7,000 Businesses Apply for Subsidies to Buy Electric Vehicles

Some 7,000 business have applied for subsidies in a HUF 30 billion scheme to support purchases of electric vehicles, the...

Residential

Home Sales in Hungary Could Reach 155,000 in 2025 – OTP

Home sales in Hungary could reach 155,000 in 2025, climbing from an estimated 130,000-135,000 in 2024, an analysis by the...

Residential

Young Buyers Retreat from Budapest Housing Market, Duna House Report Shows

The presence of younger generations on the Budapest real estate market has declined, with fewer purchases aimed at downsizing or...

Interview

CMS Leveraging Expertise and Size in Life Sciences and Commercial Groups

CMS Hungary’s life sciences team, which is ranked Band One by Chambers, is expanding despite market challenges, not least with...

Interview

Pace-setter Hungary Embracing Digitalization, but Could Make Taxes Simpler

András Módos, the head of tax and legal services at EY Hungary, talks to the Budapest Business Journal about Hungary’s...

Manufacturing

Hungary’s Industrial Output Drops 5% Year-on-Year in April

Hungary’s industrial production declined by 5% in April 2025 compared to the same month a year earlier, according to raw...

Retail

Retail Sales Show 5% Growth in April, Monthly Momentum Continues

Retail trade volume in Hungary rose by about 5% in April 2025 compared to the same month last year, when...

Manufacturing

Ganz Launches New EUR 52 mln Investment Program

Ganz Transformers and Electric Rotating Machines Ltd., one of Hungary’s oldest industrial companies, has unveiled an ambitious EUR 52 million...

Appointments

Peter Ahnesorg Appointed New Head of Roche Hungary’s Pharma Division

As of June 1, Peter Ahnesorg is the new head of Roche Hungary’s pharmaceuticals division, replacing Raffaella Claudia Bondi, who...

Automotive

Slumping EU Demand, Chinese Competition Challenge German Car Giants

German automotive manufacturers Mercedes-Benz and Audi have faced deteriorating business conditions in Hungary, as both firms reported declining revenue and...

Automotive

Magyar Suzuki Net Sales Revenue Falls From High Base

Net sales revenue of the local unit of Japanese car maker Suzuki fell 21% to approximatelyEUR 2.25 billion last year,...

Retail

Government Proposes Stricter, Personal Permit-based “Mall Stop” Rules

The government has released a proposal for public consultation to amend the regulation referred to as the “mall stop” law....

Deals

Continest Strengthens U.K. Presence Through 2 New Strategic Partnerships

Continest Technologies Plc. has announced the signing of strategic cooperation agreements with two U.K.-based event service providers: EP Team and...

Residential

Home Rental Rates Increase 7.9% Year-on-year in May

Home rental rates in Hungary increased by approximately 7.9% year-on-year in May, data compiled by the Central Statistics Office (KSH)...

Office Market

IWG Adds 2 New Regus Offices in Budapest

International Workplace Group is opening two state-of-the-art flexible workspaces in Budapest. These locations are part of a drive by International...

Transport

7,000 Businesses Apply for Subsidies to Buy Electric Vehicles

Some 7,000 business have applied for subsidies in a HUF 30 billion scheme to support purchases of electric vehicles, the...

Residential

Home Sales in Hungary Could Reach 155,000 in 2025 – OTP

Home sales in Hungary could reach 155,000 in 2025, climbing from an estimated 130,000-135,000 in 2024, an analysis by the...

Residential

Young Buyers Retreat from Budapest Housing Market, Duna House Report Shows

The presence of younger generations on the Budapest real estate market has declined, with fewer purchases aimed at downsizing or...

Interview

CMS Leveraging Expertise and Size in Life Sciences and Commercial Groups

CMS Hungary’s life sciences team, which is ranked Band One by Chambers, is expanding despite market challenges, not least with...

Interview

Pace-setter Hungary Embracing Digitalization, but Could Make Taxes Simpler

András Módos, the head of tax and legal services at EY Hungary, talks to the Budapest Business Journal about Hungary’s...

Manufacturing

Hungary’s Industrial Output Drops 5% Year-on-Year in April

Hungary’s industrial production declined by 5% in April 2025 compared to the same month a year earlier, according to raw...

Retail

Retail Sales Show 5% Growth in April, Monthly Momentum Continues

Retail trade volume in Hungary rose by about 5% in April 2025 compared to the same month last year, when...

Manufacturing

Ganz Launches New EUR 52 mln Investment Program

Ganz Transformers and Electric Rotating Machines Ltd., one of Hungary’s oldest industrial companies, has unveiled an ambitious EUR 52 million...

Appointments

Peter Ahnesorg Appointed New Head of Roche Hungary’s Pharma Division

As of June 1, Peter Ahnesorg is the new head of Roche Hungary’s pharmaceuticals division, replacing Raffaella Claudia Bondi, who...

Slumping EU Demand, Chinese Competition Challenge German Car Giants

German automotive manufacturers Mercedes-Benz and Audi have faced deteriorating business conditions in Hungary, as both firms reported declining revenue and...

Magyar Suzuki Net Sales Revenue Falls From High Base

Net sales revenue of the local unit of Japanese car maker Suzuki fell 21% to approximatelyEUR 2.25 billion last year,...

Government Proposes Stricter, Personal Permit-based “Mall Stop” Rules

The government has released a proposal for public consultation to amend the regulation referred to as the “mall stop” law....

Continest Strengthens U.K. Presence Through 2 New Strategic Partnerships

Continest Technologies Plc. has announced the signing of strategic cooperation agreements with two U.K.-based event service providers: EP Team and...

Home Rental Rates Increase 7.9% Year-on-year in May

Home rental rates in Hungary increased by approximately 7.9% year-on-year in May, data compiled by the Central Statistics Office (KSH)...

IWG Adds 2 New Regus Offices in Budapest

International Workplace Group is opening two state-of-the-art flexible workspaces in Budapest. These locations are part of a drive by International...

7,000 Businesses Apply for Subsidies to Buy Electric Vehicles

Some 7,000 business have applied for subsidies in a HUF 30 billion scheme to support purchases of electric vehicles, the...

Home Sales in Hungary Could Reach 155,000 in 2025 – OTP

Home sales in Hungary could reach 155,000 in 2025, climbing from an estimated 130,000-135,000 in 2024, an analysis by the...

Young Buyers Retreat from Budapest Housing Market, Duna House Report Shows

The presence of younger generations on the Budapest real estate market has declined, with fewer purchases aimed at downsizing or...

CMS Leveraging Expertise and Size in Life Sciences and Commercial Groups

CMS Hungary’s life sciences team, which is ranked Band One by Chambers, is expanding despite market challenges, not least with...

Pace-setter Hungary Embracing Digitalization, but Could Make Taxes Simpler

András Módos, the head of tax and legal services at EY Hungary, talks to the Budapest Business Journal about Hungary’s...

Hungary’s Industrial Output Drops 5% Year-on-Year in April

Hungary’s industrial production declined by 5% in April 2025 compared to the same month a year earlier, according to raw...

Retail Sales Show 5% Growth in April, Monthly Momentum Continues

Retail trade volume in Hungary rose by about 5% in April 2025 compared to the same month last year, when...

Ganz Launches New EUR 52 mln Investment Program

Ganz Transformers and Electric Rotating Machines Ltd., one of Hungary’s oldest industrial companies, has unveiled an ambitious EUR 52 million...

Peter Ahnesorg Appointed New Head of Roche Hungary’s Pharma Division

As of June 1, Peter Ahnesorg is the new head of Roche Hungary’s pharmaceuticals division, replacing Raffaella Claudia Bondi, who...