Business

Deals

Greenspan sees many casualties from crisis

There will be many casualties from the unfolding financial market crisis, which will lead to a large-scale overhaul of international...

Deals

Hang Fung to sell a ton of gold

Hong Kong’s jewelry and gift maker and retailer, Hang Fung Gold Technology Ltd, has started melting one ton of gold...

Deals

Hang Fung to sell a ton of gold

Hong Kong’s jewelry and gift maker and retailer, Hang Fung Gold Technology Ltd, has started melting one ton of gold...

Pharma

Swatch Group posts record profits

Switzerland's Swatch Group, the world's largest watchmaker, said on Friday its net profit in 2007 rose 22% to a record...

Pharma

Swatch Group posts record profits

Switzerland's Swatch Group, the world's largest watchmaker, said on Friday its net profit in 2007 rose 22% to a record...

Deals

Deutsche Telekom to buy stake in Greece’s OTE

Deutsche Telekom has agreed to buy a 20% stake in Greece's largest phone company, OTE, from Marfin Investment Group (MIG),...

Deals

Deutsche Telekom to buy stake in Greece’s OTE

Deutsche Telekom has agreed to buy a 20% stake in Greece's largest phone company, OTE, from Marfin Investment Group (MIG),...

Deals

Russia’s Evraz, TMK agree $4 bln IPSCO buy from SSAB

Russian steel makers Evraz Group and TMK agreed on Friday to pay a combined $4.025 billion to acquire IPSCO’s North...

Deals

Russia’s Evraz, TMK agree $4 bln IPSCO buy from SSAB

Russian steel makers Evraz Group and TMK agreed on Friday to pay a combined $4.025 billion to acquire IPSCO’s North...

Deals

Hungary industrial output rose 6.1% yr/yr in January

Hungary’s industrial production rose 6.1% in January compared to a year earlier according to both working day-adjusted and unadjusted figures,...

Deals

Hungary industrial output rose 6.1% yr/yr in January

Hungary’s industrial production rose 6.1% in January compared to a year earlier according to both working day-adjusted and unadjusted figures,...

Automotive

Germany’s Merkel vows to protect auto sector jobs

German Chancellor Angela Merkel vowed to protect jobs in her country’s car industry on Thursday, ahead of an EU summit...

Automotive

Germany’s Merkel vows to protect auto sector jobs

German Chancellor Angela Merkel vowed to protect jobs in her country’s car industry on Thursday, ahead of an EU summit...

Interview

Czech gov’t may cut 2009 budget gap by over 40%

The Czech Finance Ministry may prepare a 2009 central state budget with a deficit lower by more, than 40%, than...

Interview

Czech gov’t may cut 2009 budget gap by over 40%

The Czech Finance Ministry may prepare a 2009 central state budget with a deficit lower by more, than 40%, than...

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...

Real Estate

Erste Real Estate Investment Fund Buys H2Offices

Skanska has agreed to sell the second phase of its H2Offices complex to Erste Open-Ended Real Estate Investment Fund, represented...

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...

Erste Real Estate Investment Fund Buys H2Offices

Skanska has agreed to sell the second phase of its H2Offices complex to Erste Open-Ended Real Estate Investment Fund, represented...

Hungary Retail Sales Rise 2.4% in August

Hungary’s retail sales volume increased 2.4% year on year in August but fell 0.7% from July, according to data from...

Hungarian EV Market Continues to Grow, Leading CEE

Electromobility in Hungary continues to grow. In the first half of the year, 7,497 new all-electric passenger cars were registered,...

GTA VI Preview Sends Hungarian Console Interest Surging

Clicks from Hungarian price comparison site Árukereső to online console retailers rose roughly sevenfold the day after the Aug. 27...