BBJ - Budapest Business Journal (original) (raw)

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Analysis

Budapest became the epicenter of Central Europe’s technological innovation as Techxpo 2024 opened its doors at the Millenáris from Nov. 21-24 to industry leaders, government officials, and tech enthusiasts.

Art

When Buda-based artist Gabriella Kiss began painting in a Surrealist style around 10 years ago, it raised eyebrows. With the revival of interest in Surrealism, Kiss’ work is attracting admirers worldwide.

Analysis

After nearly 20 years, Budapest Ferenc Liszt International Airport returned to majority Hungarian state ownership on June 6, 2024. It took place on the same date when Budapest Airport was privatized back in 2004.

INSIDE VIEW

Culture

It’s early afternoon, and there are maybe a dozen people variously sipping coffee, reading or hanging out on laptops in...

Banking

Gránit Bank shares started trading on the Budapest Stock Exchange (BSE) on Monday, following the largest initial public offering (IPO)...

PRESENTED CONTENT

Trade

Hungary recorded an external trade surplus of approximately EUR 1 billion in October 2024, according to the latest data from...

MNB

The National Bank of Hungary (MNB) issued a fine of HUF 14.66 million to Union Insurance the central bank and...

Real Estate

After 2024's reversal of trends, Duna House expects a strengthening real estate market in terms of transaction numbers and prices,...

Deals

Listed ICT company 4iG on Friday said it acquired a 31% stake in Rotors&Cams, thereby acquiring both majority ownership and...

Real Estate

The Budapest Business Journal takes an in-depth look at the most significant deals concluded this year in the different sectors...

Retail

Aldi opened 10 new stores in Hungary this year, as in the previous years, and wants to continue expanding at...

Lufthansa Technik has signed an agreement with Eurowings Technik to provide comprehensive base maintenance support for Eurowings’ Airbus A320 family...

Chinese EV maker BYD on Thursday said it will add three dealerships to its sales and service network in Hungary,...

Holiday season is a busy time not only for shopping malls, office buildings, logistics centers and the people who work...

Sales of building materials rose little in current prices in 2024 due to low demand, oversupply and intensive price competition...

ECONOMY

Figures

Orlen Hungary strengthened its presence in the Hungarian market this year, increasing its market share to 6.8%, and expanded its...

MNB

Inflation in Hungary will temporarily rise in the coming months but will remain within the tolerance band throughout most of...

Figures

Full-time employees in Hungary earned an average gross salary of HUF 637,200 in October 2024, reflecting a 12.9% increase compared...

Economy

The proportion of single-bid public procurement contracts decreased both in the overall Hungarian public procurement market and in the medical...

Scope Ratings has affirmed the issuer rating of construction company Masterplast Nyrt. at "CCC," maintaining a "Stable" outlook, according to...

With the Ethical Insurance 2.0 Regulatory Package, MNB is targeting the market for life insurance firms and aiming to ensure...

Preliminary data from the Central Statistical Office (KSH) reveals a decline in births, deaths, and marriages in Hungary during November...

The Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bank base rate steady at...

POLITICS

Parliament

MPs approved legislation establishing the 2025 budget in a vote in Parliament yesterday. The law includes several measures in various...

EU

The European Commission said Hungarian law changes aiming to address risks of conflicts of interests regarding "public interest trust" boards...

World

The world will undergo a sea change as soon as the new U.S. president takes office in January, Prime Minister...

World

"I trust that on January 20, after Donald Trump takes office, we will experience its beneficial effect," Prime Minister Viktor...

Gergely Karácsony, the mayor of Budapest, told a conference at the start of the week that the capital's "real problem"...

Budapest Airport, the operator of Liszt Ferenc International, said on Sunday that it had not received or serviced any aircraft...

Pope Francis on Wednesday received Prime Minister Viktor Orbán in an audience at the Vatican, according to a report by...

Hungary's government has made a policy priority of training for people who are out of work with low skills or...

BUDAPEST

Drinks

When Panka Juhász returned to Hungary after a 15-year stint in the U.K., she knew she was missing something: Genuine,...

Drinks

Bar Huso at the Kimpton BEM Budapest Hotel is set to host an extraordinary New Year’s Eve party, promising a...

Food

Kimpton BEM Hotel Budapest's mediterranean restaurant Agos invites guests to celebrate Christmas Eve in style with an exclusive six-course dinner...

City

The Budapest assembly passed the capital's budget for 2025 in a vote on Wednesday, planning for revenue of HUF 422.54...

A long-time reporter on business and life in Hungary, Kester Eddy offers three mini-reviews of books on or associated with...

Gergely Karácsony, the mayor of Budapest, said he will propose a regulation that would allow authorities to confiscate the vehicles...

Women’s Quota 01 at the Ludwig Museum of Contemporary Art presents for the first time work from its collection by...

For decades, seeing the “Nutcracker” ballet at the magnificent Opera House in Budapest has been part of Christmas for countless...