BBJ - Budapest Business Journal

Michelin celebrated the 30th anniversary of its presence in Hungary at an anniversary event at its Nyíregyháza facility (231 km northeast of Budapest by road) on Oct. 9, where it honored its employees, expertise, and achievements.

Business

Budapest Circular Economy Hotspot Tests Business Case Beyond Recycling

Budapest’s first European Circular Economy Hotspot put a commercial test at the center of the sustainability debate: can circular products, materials and services compete on cost, attract finance, and work at scale?

Pharma

From Youth-led Ideas to Decision-Makers’ Table: A Day Revolving Around the Future of Hungarian Science and Healthcare

How can Hungary become a regional hub for clinical trials? Young physicians, researchers, and biotech innovators spent a morning tackling this question among other pressing issues for the future of healthcare in Hungary at the “Next Gen Health” event organized by Swisscham Hungary, Roche Hungary Ltd., and the Hungarian Biotech Association.

INSIDE VIEW

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

Energy Efficiency Also a Tax Opportunity

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

Transfer Pricing Remains a Perennial Pharma Industry Issue: New Regulations Bring Fresh Challenges

Pay Transparency: A Practical Tool for Comparing the Value of Different Roles

Energy Investment in Hungary: Sectors, Returns, and the Legal Infrastructure That Makes it Possible

Europe’s new Insolvency Rulebook: What it Means for Hungary

Cyber Resilience Act: Companies Face First 2026 deadline

From Pay Reporting to Litigation Risk: The Impact of the EU Pay Transparency Directive

Hungary’s Proposed Insolvency Regime: What Would the Draft Law Change?

Sci-Fi Today: Tax Returns Entrusted to Machines

Advantages of Hungarian Trust Asset Management Also Available to Foreigners

Mind the 5%: Getting Ahead of Gender Pay Gap Rules in Hungary

Adaptive Reuse of Existing Office Building Stock: Legal Pitfalls

Double Benefit: Energy Efficiency With Tax Benefits

Office Market

Ready When You Are: Rethinking the Office Around the Tenant

Occupiers no longer lease floor area; they buy a working environment. In a tighter economic climate, the landlords that win...

Retail

Aldi Hungary Challenges HUF 123 mln Fine Over Advertising Claims

Aldi Magyarország is seeking a court review of a Hungarian Competition Authority (GVH) decision fining it HUF 123 mln for...

PRESENTED CONTENT

Enthusiastic Visionary Optimistic About Sustainable Future

Rethinking Data Strategies From Storage to Recovery

EU Funding Upgrades the Electricity Grid, the Foundation of the Future Energy System

Renewing the Spirit of Countryside Wellness Hospitality

Debrecen to Host Europe’s Battery Leaders at Hungarian Battery Days in November

The Business Case for Building Less, and Managing Better

Real Estate

Shopping Development Dominated by Refurbishment and Retail Parks

Shopping center development remains constrained across Hungary and the CEE region given concerns about the economic environment, spending power, and...

Automotive

Geely Leads Interest in Chinese Car Brands Newly Launched in Hungary

Geely attracted the most interest among Chinese car brands entering Hungary this year, according to January-September data from used car...

BUSINESS

Industrial

Growing Predominance of BTS in Industrial Development

Analysts see fewer speculative industrial development project starts, while built-to-suit projects, particularly in regional hubs in the production sector, have...

Appointments

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...

Real Estate

Optimism on Stage, Reality in the Market: Is European Real Estate Really Recovering?

The recent Portfolio Property Investment Forum in Budapest and Expo Real in Munich offered two contrasting perspectives on the commercial...

Retail

Futureal Acquires Hungary’s Largest Outlet Center

Futureal has acquired Premier Outlet Budapest, Hungary’s largest outlet center, as it expands its Hungarian operations into direct investment in...

Revolut Links Service Disruption to Google Cloud Outage

Revolut has attributed its Oct. 20 service disruption to a Google Cloud outage, telling customers that normal operations were restored...

Serbia Says MOL Deal for NIS Stake Signed; MOL Reports No Disclosure Update

A contract for MOL’s acquisition of a stake in Serbian oil and gas company NIS from Russia’s Gazprom Neft has...

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....

Budapest Office Vacancy Rises to 13.1% as Leasing Demand Falls Year-on-Year

Budapest’s office vacancy rate rose to 13.1% in the third quarter of 2026, while total leasing demand fell 9% year-on-year,...

ECONOMY

Agriculture

Dairy Industry Faces Deepening Crisis

Hungary's dairy sector has reached a critical turning point in 2026, as profitability pressures, extreme price volatility, and changing consumer...

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....

Banking

Hungarian Banks Seek Gradual Reduction in 45% Effective Tax Burden

Hungarian banks hope for a “slow but certain” reduction in their tax burden, Hungarian Banking Association President Radovan Jelasity said...

Figures

Hungary’s Unemployment Rate Stands at 4.6% in September

Hungary’s unemployment rate stood at 4.6% in September, with 224,000 people unemployed, according to data published by the Central Statistical...

MNB Probe Widens as International Arrest Warrant Issued for Ádám Matolcsy

International arrest warrants have been issued for Ádám Matolcsy, son of former Hungarian central bank Governor György Matolcsy, and businessman...

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 Holds Base Rate at 5.5%, Maintains Symmetric Interest Rate Corridor

The Monetary Council of the National Bank of Hungary (MNB) left the base rate unchanged at 5.5% at its monthly...

Hungary’s 2027 Budget Assumes 2.4% GDP Growth, 3% Inflation

Hungary’s draft 2027 budget assumes GDP growth of 2.4% and average annual inflation of 3%, Prime Minister Péter Magyar said...

POLITICS

Int'l Relations

Magyar Congratulates Serbia’s Student List on Election Victory

Prime Minister Péter Magyar congratulated the leaders of Serbia's opposition Student List in a phone call after their victory in...

Issues

Hungarians Want Stronger Protection of Lake Balaton, Survey Finds

A representative survey by the 21 Research Center found that 65% of Hungarians believe Lake Balaton's shoreline has been overdeveloped....

Government

Hungary’s 2027 Budget Combines Tax Relief, Spending Rises and Cost Cuts

Hungary’s 2027 budget will prioritize “fairness” and “development” through tax relief, higher public sector wages and EU-funded investments, Finance Minister...

Domestic

Former Hungarian Central Bank Governor György Matolcsy Taken Into Custody

Former MNB Governor György Matolcsy was taken into custody this morning. His lawyer said he is suspected of economic fraud...

Hungary Plans 9% Income Tax for Minimum Wage Earners in 2027 Budget

Hungary is set to cut the personal income tax (PIT) rate for minimum wage earners from 15% to 9% next...

Péter Magyar Condemns Violence in France, Vows to Maintain Strict Migration Policy

PM Péter Magyar condemned recent violence and vandalism in France, expressing solidarity with the French people and reaffirming Hungary’s commitment...

Hungary Secures Norway Grants Agreement Worth HUF 92 bln

Hungary has concluded negotiations on the Norway and EEA Grants mechanism, securing more than HUF 92 billion in funding, Minister...

British Man Sentenced to Nine Years for Drug Trafficking in Hungary

The Tatabánya Regional Court in Hungary sentenced a British man to nine years in prison for drug trafficking Friday and...

BUDAPEST

Travel

Budapest Airport Winter Schedule Adds Marsa Alam and More Flights to Asia and Europe

Budapest Airport's 2026/27 winter schedule, which began on October 25, offers more than 185 destinations and approximately 10% more bookable...