Business

Automotive

Costs grow but Eastern Europe still lures Western firms

An awkward mix of strong currencies, rising pay expectations and a slowdown in key export markets has hit producers in...

Automotive

Costs grow but Eastern Europe still lures Western firms

An awkward mix of strong currencies, rising pay expectations and a slowdown in key export markets has hit producers in...

Deals

OMV revokes declaration of intent to merge with MOL – extended

Austrian oil company OMV announced on Wednesday morning that it had revoked its intention published on September 25, 2007 to...

Deals

OMV revokes declaration of intent to merge with MOL – extended

Austrian oil company OMV announced on Wednesday morning that it had revoked its intention published on September 25, 2007 to...

Deals

Sony shares rise after Sony BMG deal

Shares in Sony Corp traded higher on Wednesday after the electronics maker said on Tuesday it had agreed to buy...

Deals

Sony shares rise after Sony BMG deal

Shares in Sony Corp traded higher on Wednesday after the electronics maker said on Tuesday it had agreed to buy...

Pharma

Russian Technology, Pirelli to invest $387 mln in Volga tire plant

The state-owned Russian Technology corporation and the Italian-based multinational company Pirelli will invest $387 million in a project to build...

Pharma

Russian Technology, Pirelli to invest $387 mln in Volga tire plant

The state-owned Russian Technology corporation and the Italian-based multinational company Pirelli will invest $387 million in a project to build...

Deals

PMorgan plans $1 bln Asia property spree

JPMorgan plans to invest more than $1 billion in Asian real estate over the next three years, hoping to fill...

Deals

PMorgan plans $1 bln Asia property spree

JPMorgan plans to invest more than $1 billion in Asian real estate over the next three years, hoping to fill...

Deals

Russia’s Severstal closes $775 mln deal to buy US-based Esmark

Russian steel producer Severstal said on Tuesday it had finalized a $775 million deal to buy the US-based steelmaker Esmark....

Deals

Russia’s Severstal closes $775 mln deal to buy US-based Esmark

Russian steel producer Severstal said on Tuesday it had finalized a $775 million deal to buy the US-based steelmaker Esmark....

Deals

Swiss Re buys Barclays life arm

Swiss Re, the world’s largest reinsurer, has agreed to buy Barclays’ life assurance portfolio for £753 million ($1,474 billion) in...

Deals

Swiss Re buys Barclays life arm

Swiss Re, the world’s largest reinsurer, has agreed to buy Barclays’ life assurance portfolio for £753 million ($1,474 billion) in...

Automotive

EU sports car makers hit green block

As Europe’s giant car makers do battle with environmentalists and lawmakers over emissions curbs, makers of classic European sports cars...

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,...