People

HR

Montenegrin Jobless Rate Drop in Q1

Montenegro's unemployment rate fell to 11.9% in the first quarter of 2024, from 15.5% in the prior-year period and from...

HR

Foreigners Employed in Hungary, Hungarians Working Abroad Rise

The number of foreign workers employed in Hungary has climbed in recent years, in parallel with an increase in the...

HR

Croatia Unemployment Rate Falls in May

Croatia's unemployment rate fell further to 5% in May, the lowest since April 2023, data from the Croatian Bureau of...

Appointments

New CEO at the Helm of Citibank Europe

Citi has appointed Ignacio (Nacho) Gutiérrez-Orrantia as CEO of Citibank Europe plc (CEP)....

Appointments

New Passenger Car Sales Director at Mercedes-Benz Hungária

András Szabó has been appointed to the position of director of Passenger Car Sales at Mercedes-Benz Hungária Kft., effective May...

HR

Bulgaria Unemployment Rate Edges Down in May

Bulgaria's registered unemployment rate went down by a monthly 0.24 percentage points to 5.4% in May, the country's Employment Agency...

Interview

Continental Veszprém Plant Manager Looks to Transform Challenges Into Opportunities

Starting as a trainee at Continental in 2008, András Mészáros has risen through the ranks and become the plant manager...

Inside View

Navigating RED III: Opportunities and Challenges in the EU’s Renewable Energy Transition

The Renewable Energy Directive III (RED III) is the EU’s third directive on renewable energy, continuing efforts to increase renewable...

Inside View

Do not Delay in Registering the Amount of Your Pledges

To ensure the safety and smoothness of lending practices, it was deemed necessary to make information on company pledges more...

Inside View

Greening Your Strategy: Market Players’ Guide to Adapting to Changes in the Renewable Energy Sector

In the so-called second publication procedure, total public connection demand exceeded 10 GW, whereas the current average demand in Hungary...

Inside View

ESG Reporting for Global Competitiveness: Minimum Questionnaire to Help

The Hungarian legislator adopted Act CVIII of 2023 on corporate social responsibility, considering environmental, social and societal aspects (known as...

Interview

English Law, Business-as-usual, Film Financing, and the Future of AI

The CMS Budapest law firm recently named several new partners. The Budapest Business Journal sat down with all three. Excerpts....

HR

Around 13% of Young Hungarians out of Work and Not in Training

Around 12.9% of Hungarians between the ages of 20 and 34 were unemployed and not participating in an education or...

Interview

Navigating Automotive Financing Trends in Uncertain Times

As the automotive industry faces unpredictable changes, Ádám Záhonyi, head of automotive relations at MBH Bank, discusses the critical trends...

HR

Vocational Training Councils Undergoing Renewal

A system of sectoral councils established to better coordinate vocational training with market needs will undergo a renewal that extends...

Appointments

Hera Cuku Named Managing Director of Lilly Hungary

Eli Lilly has appointed Hera Cuku as managing director of Lilly Hungária Kft., bringing international leadership experience and a scientific...

Interview

Rethinking Data Strategies From Storage to Recovery

As Hungarian businesses manage increasingly fragmented data and face more sophisticated cyberthreats, reliable recovery is becoming a board-level priority....

Inside View

Investing in Hungary’s Wind Renaissance: What Wind Tender Means for Stakeholders

Hungary has launched its most ambitious wind energy initiative in nearly two decades, opening a new chapter in the country’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...

Inside View

Energy Efficiency Also a Tax Opportunity

Diversifying Hungary’s energy supply has been on the agenda for years. The rapid expansion of solar power is a major...

Inside View

The Price of Medicine: How Discrediting a Competitor Became EUR 1 bln Competition law Risk

EU competition law does not prohibit a company from being a market leader; a dominant position can be a natural...

MSD Hungary Managing Director Sean R. Smith to Take Global Role

Sean R. Smith will conclude his assignment as managing director of MSD Hungary at the end of 2026 and move...

Forvis Mazars Appoints Three New Partners in Hungary

International audit and advisory firm Forvis Mazars has appointed Gabriella Gábor, Zoltán Betyák and Gergely Simon as partners in Hungary,...

Netlock Appoints George Tilesch to Lead AI and Global Strategy

Hungarian digital trust services provider Netlock has appointed Hungarian-American AI expert Dr. George Tilesch to its senior leadership team, effective...

Citi Appoints Zoltán Schwardy as Country Officer and Banking Head for Hungary

Citi has announced the appointment of Zoltán Schwardy as Citi country officer (CCO) and banking head for Hungary, effective Sept....

Hera Cuku Named Managing Director of Lilly Hungary

Eli Lilly has appointed Hera Cuku as managing director of Lilly Hungária Kft., bringing international leadership experience and a scientific...

Rethinking Data Strategies From Storage to Recovery

As Hungarian businesses manage increasingly fragmented data and face more sophisticated cyberthreats, reliable recovery is becoming a board-level priority....

DUIHK Central to the German-Hungarian Bilateral Economic Relationship

Róbert Keszte became president of the German-Hungarian Chamber of Industry and Commerce (DUIHK) in 2025. In this interview with the...

Workload Outweighs Pay as Source of Workplace Distress

Workload, lack of recognition and job insecurity drive workplace distress among Hungarian employees, while pay remains their top priority, according...

CBRE Hungary Expands China Desk as Chinese Clients Pursue European Projects

CBRE Hungary has appointed Tu Yunfeng as business development manager at its China Desk, expanding the Budapest-based team as Chinese...

Investing in Hungary’s Wind Renaissance: What Wind Tender Means for Stakeholders

Hungary has launched its most ambitious wind energy initiative in nearly two decades, opening a new chapter in the country’s...

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...

Energy Efficiency Also a Tax Opportunity

Diversifying Hungary’s energy supply has been on the agenda for years. The rapid expansion of solar power is a major...

Hungary’s Unemployment Rate Reaches 4.7% in August

Hungary’s unemployment rate stood at 4.7% in August, with 229,000 people unemployed and 4.654 mln employed among those aged 15-74,...

Realis Group Plans International Expansion as Krisztián Hornok Joins as Partner

Krisztián Hornok has joined Realis Group as a partner as the company prepares to expand its real estate business beyond...

The Price of Medicine: How Discrediting a Competitor Became EUR 1 bln Competition law Risk

EU competition law does not prohibit a company from being a market leader; a dominant position can be a natural...