Analysis

Lithuania Industrial Output Returns to Contraction in March

Industrial production in Lithuania fell 3.4% year-on-year in March, shifting from an eight-month high and upwardly revised 4.1% rise in...

Analysis

British American Tobacco to Invest HUF 60 bln in Hungary

British American Tobacco (BAT) will invest HUF 60 billion to set up a center for manufacturing smokeless products in Pécs,...

Analysis

Chamber of Commerce Corner, April 8, 2024

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

Analysis

Waberer’s Achieves Record Year, Launches Comprehensive ESG Strategy

Waberer’s International announced another record-breaking year in 2023, with significant improvements in earnings and revenue, while also unveiling its comprehensive...

Analysis

Serbia Consumer Prices Ease Further in March

The annual inflation rate in Serbia fell to 5% in March from 5.6% in the previous month, data released by...

Analysis

IMF Lowers Hungary 2024 GDP Growth Forecast to 2.2%

The International Monetary Fund (IMF) projected Hungary's GDP would grow 2.2% this year in its latest World Economic Outlook released...

Analysis

Serbia Interest Rate Unchanged for 9th Month

The National Bank of Serbia maintained its benchmark interest rate at 6.5% for the ninth consecutive month in April, meeting...

Analysis

Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March

Net asset value (NAV) of investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management...

Analysis

2 Companies, 1 Venture: Combining Expertise and Reputation

When DVM group and Greenfield Development decided to go public with the announcement of their joint venture recently, it was...

Analysis

‘Net Worthy’ Program Expands Nationwide

An agreement has been signed between Magyar Telekom and the Association of IT and Libraries (IKSz) to take the Netrevalók...

Analysis

Editorial: In Praise of the Backstory

The feedback we have received thus far from our decade-celebrating Expat CEO of the Year gala has been highly positive....

Analysis

Central Bank Says Monetary Policy Enters New Phase

The key interest rate was lowered by 75 basis points to 8.25% at the latest rate-setting meeting of the National...

Analysis

Kinstellar to Take Over Noerr in Hungary, Czech Republic, Romania, Slovakia

Noerr’s practices in Budapest, Bratislava, Bucharest and Prague are to be transferred to Kinstellar, the two law firms have announced....

Analysis

The Future is Being Built in Debrecen, Says PwC

PwC Hungary will host the Debrecen Business Forum 2024 on April 9, the first in what is intended to be...

Analysis

Breaking the Subcontracting Spiral, Adding Value, Supporting ESG

You don’t need to have been in Hungary very long to discover that much of the country seems to exist...

Analysis

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...

Analysis

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...

Analysis

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...

Analysis

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...

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

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...

Analysis

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...

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

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...

Analysis

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...

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...