Business

Deals

Commerzbank to buy Dresdner, axe 9,000 jobs

Commerzbank agreed to buy Dresdner Bank from Allianz on Sunday in a $14.5 billion all-German deal that will break the...

Deals

Commerzbank to buy Dresdner, axe 9,000 jobs

Commerzbank agreed to buy Dresdner Bank from Allianz on Sunday in a $14.5 billion all-German deal that will break the...

Telco

econet.hu racks up H1 losses on seasonality, one-off expenditures

Hungarian IT-com-media company econet.hu racked up H1 consolidated IFRS losses of Ft 68 million compared to profit of Ft 8...

Telco

econet.hu racks up H1 losses on seasonality, one-off expenditures

Hungarian IT-com-media company econet.hu racked up H1 consolidated IFRS losses of Ft 68 million compared to profit of Ft 8...

Telco

Elmü-Émász H1 profits more than double

Electricity distributor for northern Hungary Émász and Budapest electricity distributor Elmü, majority-owned by Germany's RWE-EnBW, saw their profits double in...

Telco

Elmü-Émász H1 profits more than double

Electricity distributor for northern Hungary Émász and Budapest electricity distributor Elmü, majority-owned by Germany's RWE-EnBW, saw their profits double in...

Retail

ScottishPower to hike gas and power prices

ScottishPower is to increase its household gas prices by 34% and average retail power prices by 9% from Sep. 1,...

Retail

ScottishPower to hike gas and power prices

ScottishPower is to increase its household gas prices by 34% and average retail power prices by 9% from Sep. 1,...

Deals

“China’s ICBC to buy Russia’s Rosevrobank”

Industrial & Commercial Bank of China Ltd (ICBC) the world’s biggest bank by market value, is buying 100% of Russian...

Deals

“China’s ICBC to buy Russia’s Rosevrobank”

Industrial & Commercial Bank of China Ltd (ICBC) the world’s biggest bank by market value, is buying 100% of Russian...

Pharma

Analysts put 2008 GDP growth under 3% in light of falling investments

Analysts polled by MTI on Friday said Hungary’s GDP growth is likely to be under 3% in 2008 in light...

Pharma

Analysts put 2008 GDP growth under 3% in light of falling investments

Analysts polled by MTI on Friday said Hungary’s GDP growth is likely to be under 3% in 2008 in light...

Pharma

Michelin scraps Mexico plant plan due slowdown

Michelin of France on Friday scrapped plans for a second plant in Mexico due to slow demand in North America....

Pharma

Michelin scraps Mexico plant plan due slowdown

Michelin of France on Friday scrapped plans for a second plant in Mexico due to slow demand in North America....

Telco

Hungary investment volume falls preliminary 2.1% yr/yr in Q2

Investments in Hungary fell 2.1 % year-on-year in volume terms in the Q2 of 2008 and H1 investment was down...

Pharma

Rooftop Breakfast Offers Helicopter View of AI’s Impact on Pharma

About 50 guests began their day in the beautiful setting of the Duchess Rooftop Bar of the Matild Palace Hotel...

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...

Lake Balaton Cycling Upgrades to Add Wider Paths and New Bridges

Nearly 20 km of the Lake Balaton cycling circuit will be renovated under two programs financed through EU and domestic...

Rooftop Breakfast Offers Helicopter View of AI’s Impact on Pharma

About 50 guests began their day in the beautiful setting of the Duchess Rooftop Bar of the Matild Palace Hotel...

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....

Resident Evil Game Prices Rise Around Film Premiere

Physical console editions of several Resident Evil games rose in price around the film’s Sept. 17 theatrical release, according to...

FDA Accepts Richter’s Fylrevy Menopause Therapy Application for Review

The U.S. Food and Drug Administration (FDA) has accepted Gedeon Richter’s new drug application for Fylrevy, the Hungarian pharmaceutical company...

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...

Egis Opens Major Pharmaceutical Distribution Center in Fót

Egis has opened a distribution center in Fót with capacity for 30,000 pallets, expanding its finished-product logistics operations to support...

Civil Engineering Surge Masks Decline in Building Construction

Civil engineering output more than doubled in Hungary in August, while building construction declined and the volume of new contracts...

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...

Spar Files New EU Complaint Over Hungary’s Retail Tax

Spar has filed another complaint with the European Commission over Hungary’s retail sector tax, arguing that amendments offer relief only...

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...

Continest and Sweden’s Flexotrap Join Forces on Modular Shooting Ranges

As defense spending grows in importance across Europe following Russia’s full-scale invasion of Ukraine, local firm Continest Technologies Plc. and...

Hungary’s Housing Costs Drive Buyers Toward Garden Plots and Former Wine Cellars

Rising house prices and living costs are pushing more buyers toward properties on Hungary’s outlying garden plots and vineyard land,...