Business

Telco

Russia’s Mosenergo profits fall tenfold in 2007

Mosenergo, the main supplier of power to Russia's capital, saw its net profits plummet in 2007 to 837 million roubles...

Telco

Sanofi Q1 operating profit falls 7%, keeps targets

French drugmaker Sanofi-Aventis posted Q1 net sales down 3.3% and operating profit down 7.2%, hit by generic rivals and a...

Telco

Sanofi Q1 operating profit falls 7%, keeps targets

French drugmaker Sanofi-Aventis posted Q1 net sales down 3.3% and operating profit down 7.2%, hit by generic rivals and a...

Automotive

GM posts quarterly loss on strike, charges

General Motors Corp posted a Q1 loss due to a costly supplier strike, waning demand for its most profitable vehicles...

Automotive

GM posts quarterly loss on strike, charges

General Motors Corp posted a Q1 loss due to a costly supplier strike, waning demand for its most profitable vehicles...

Telco

Slowing American economy hits BMW

Bayerische Motoren Werke AG, the world's largest maker of luxury cars, said its Q1 profit fell 17% after a slowing...

Telco

Slowing American economy hits BMW

Bayerische Motoren Werke AG, the world's largest maker of luxury cars, said its Q1 profit fell 17% after a slowing...

Telco

FHB elects new chairman, to pay no dividend

Hungarian mortgage bank FHB's shareholders elected a new chairman and approved the board's proposal to pay no dividend on 2007...

Telco

FHB elects new chairman, to pay no dividend

Hungarian mortgage bank FHB's shareholders elected a new chairman and approved the board's proposal to pay no dividend on 2007...

Automotive

Volvo recalls 65,000 vehicles

Sweden's automaker Volvo said it will recall 65,000 cars for a problem with side-impact air bags....

Automotive

Volvo recalls 65,000 vehicles

Sweden's automaker Volvo said it will recall 65,000 cars for a problem with side-impact air bags....

Automotive

White House: No short-term fix to high fuel prices

The White House said on Monday there was no short-term fix to record-high gasoline prices and the United States should...

Automotive

White House: No short-term fix to high fuel prices

The White House said on Monday there was no short-term fix to record-high gasoline prices and the United States should...

Interview

Hungary PM reshuffles gov’t after coalition split

Hungarian Prime Minister Ferenc Gyurcsány reshuffled his cabinet and created several new ministerial posts after the smaller liberal government party...

Interview

Hungary PM reshuffles gov’t after coalition split

Hungarian Prime Minister Ferenc Gyurcsány reshuffled his cabinet and created several new ministerial posts after the smaller liberal government party...

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...

Inside View

Energy Efficiency Also a Tax Opportunity

Diversifying Hungary’s energy supply has been on the agenda for years. The rapid expansion of solar power is a major...

Residential

Budapest Castle District Voters Back Short-Term Rental Ban

Nearly 59% of participants in an online vote in Budapest’s District I supported a complete ban on short-term rentals, Castle...

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,...

Energy Efficiency Also a Tax Opportunity

Diversifying Hungary’s energy supply has been on the agenda for years. The rapid expansion of solar power is a major...

Budapest Castle District Voters Back Short-Term Rental Ban

Nearly 59% of participants in an online vote in Budapest’s District I supported a complete ban on short-term rentals, Castle...

What Might Dogs Reveal About Human Communication?

A Hungarian-led research team working out of the Department of Ethology at ELTE in Budapest is working to discover what...