Analysis

Analysis

AI-based Solutions to ‘Super Power’ Work in Daily Professional Life

Employing advanced Artificial Intelligence will reduce the workload of back-office staff by up to 50%, according to KPMG studies....

Analysis

Chamber of Commerce Corner, October 18, 2024

This regular section of the Budapest Business Journal features news and events from various international business chambers. For further information...

Analysis

Chamber of Commerce Corner, October 4, 2024

This regular section of the Budapest Business Journal features news and events from various international business chambers. For further information...

Analysis

Hungary PMI Rises Close to 50-point Mark

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) stood at 49.7 points in September, rising from 47.7 points in August, the Hungarian...

Analysis

Summer-end Inflation Data Pleasantly Surprises Analysts

In August, inflation in Hungary fell to 3.4%, much lower than the 4.1% level measured in July. The pace of...

Analysis

Hungarian Private School Market an Attractive Landscape for Investment

In Hungary, the challenges facing public education – underfunding, teacher shortages, outdated curricula - has led to a significant increase...

Analysis

EBRD Puts Hungary GDP Growth at 1.8% in 2024, 3.3% in 2025

The European Bank for Reconstruction and Development (EBRD) forecasts Hungary's GDP will grow by 1.8% in 2024 and 3.3pc in...

Analysis

Chamber of Commerce Corner, September 20, 2024

This regular section of the Budapest Business Journal features news and events from various international business chambers. For further information...

Analysis

Corvinus Research Reveals Main Threats of AI in Education

For two semesters, Corvinus teachers experimented with ChatGPT-like artificial intelligence in their mathematics courses: all the time, their students were...

Analysis

Hungarians Lag Behind in AI Readiness

Hungary's technological preparedness falls behind the global average, according to a comprehensive Hungarian artificial intelligence (AI) conducted by Publicis Groupe...

Analysis

Arenim Technologies Launches ‘Quantum-resilient’ Comms System

Big 4 firm KPMG warns that quantum computers “will be able to break [today’s] common encryption methods at an alarming...

Analysis

Hungarian Journalists, Copywriters Not Afraid of Losing Jobs to ChatGPT

Artificial intelligence makes their work more efficient and easier, but they do not consider their profession to be completely replaceable...

Analysis

Industry and Consumption: Two Hindering Factors Behind Latest Central Statistical Office GDP Data

The performance of the Hungarian economy shrank by 0.2% in the second quarter compared to the first. This is the...

Analysis

Chamber of Commerce Corner, September 6, 2024

This regular section of the Budapest Business Journal features news and events from various international business chambers. For further information...

Analysis

Changing Weather, Turning Pages, and Realpolitik

The summer holidays are over, the kids are back at school, and the roads are horribly congested. It’s still hot...

Analysis

Hungarian Business Confidence Improves as Consumer Sentiment Weakens

Business confidence edged higher in Hungary in October, while consumer sentiment deteriorated, according to economic research institute GKI....

Analysis

Kopint-Tárki Forecasts Hungary’s GDP Growth at 2.5% in 2027

Economic research institute Kopint-Tárki expects Hungary’s GDP to grow by approximately 2.5% in 2027, according to a new forecast released...

Analysis

MNB Keeps Base Rate Unchanged, Lower Inflation Target Signals Tighter Stance

The Monetary Council of the National Bank of Hungary (MNB) left Hungary’s benchmark rate at 5.5% at its most recent...

Analysis

VOSZ Business Confidence Index Declines in Q3 2026

Hungarian business association VOSZ’s business confidence index fell two percentage points to 50% in the third quarter of 2026, according...

Analysis

Editorial: In Praise of the Diplomatic Dance

The improved mood evident across Hungary following the Tisza government’s assumption of power appears to have extended well beyond the...

Analysis

Equilor: 2033 Earliest Date for Hungary to Adopt the Euro

Hungary could adopt the euro no earlier than 2033, according to a new assessment by Equilor Investment, which acknowledges improving...

Analysis

Bosch-Richter Survey Finds Hungarians Open to AI, Health Tech and Safer Mobility

A survey presented at BoschxRichter Innovators’ Day suggests Hungarians prioritize health and financial stability while welcoming technology that improves safety...

One in Six Hungarian Adults Has Lost Money to Cyberfraud, CIB Survey Finds

Nearly half of Hungarian adults have encountered a cyberfraud attempt, and 16% have lost money, according to a representative survey...

Economic and Geopolitical Uncertainty Should Change how we Grow, not Whether we Grow

Economic volatility, geopolitical disruption, and technological change are making long-term decisions harder for business leaders. Yet uncertainty does not remove...

Hungary’s GDP Grows 1.5% in Q3 as Industry Offsets Drought Hit

Hungary’s GDP grew 1.5% year-on-year in the Q3 2026, supported by industry and services, while drought-hit agriculture held back the...

Hungary Sets 2030 Euro Readiness Goal in Growth and Deficit Plan

Hungary aims to meet the conditions for euro adoption by 2030 while lifting growth above 3% and reducing budget deficit...

Hungarian Business Confidence Improves as Consumer Sentiment Weakens

Business confidence edged higher in Hungary in October, while consumer sentiment deteriorated, according to economic research institute GKI....

Kopint-Tárki Forecasts Hungary’s GDP Growth at 2.5% in 2027

Economic research institute Kopint-Tárki expects Hungary’s GDP to grow by approximately 2.5% in 2027, according to a new forecast released...

MNB Keeps Base Rate Unchanged, Lower Inflation Target Signals Tighter Stance

The Monetary Council of the National Bank of Hungary (MNB) left Hungary’s benchmark rate at 5.5% at its most recent...

Hungarian Business Groups Urge Changes to Draft Wealth Tax

Fourteen Hungarian business organizations have issued a joint statement calling for changes to the proposed wealth tax, including relief for...

AI Boom, USD 100 Oil and 5% Bond Yields Reshape Investment Outlook

An AI-driven technology rally, oil prices above USD 100 and U.S. Treasury yields around 5% are reshaping investment opportunities, according...

VOSZ Business Confidence Index Declines in Q3 2026

Hungarian business association VOSZ’s business confidence index fell two percentage points to 50% in the third quarter of 2026, according...

Editorial: In Praise of the Diplomatic Dance

The improved mood evident across Hungary following the Tisza government’s assumption of power appears to have extended well beyond the...

EY Urges Early Preparation for Hungary’s Proposed Wealth Tax

Hungary’s proposed wealth tax could create new obligations for wealthy individuals, trusts and private foundations, with the first assessment generally...

IMF Sees Window for Hungary’s Economic Revival, Urges Swift Reforms

Hungary has a “uniquely favorable window of opportunity” to revitalize its economy, but must act quickly to turn market confidence...

Equilor: 2033 Earliest Date for Hungary to Adopt the Euro

Hungary could adopt the euro no earlier than 2033, according to a new assessment by Equilor Investment, which acknowledges improving...

Bosch-Richter Survey Finds Hungarians Open to AI, Health Tech and Safer Mobility

A survey presented at BoschxRichter Innovators’ Day suggests Hungarians prioritize health and financial stability while welcoming technology that improves safety...