Business

Telco

Paks nuclear plant surpasses target

The state-owned Paks Nuclear Power Plant, Hungary's only nuclear power facility, saw after-tax profits of Ft 8.1billion - well over...

Deals

Deutsche Bank Bulgaria targets €20 mln profit

The Bulgarian division of Deutsche Bank plans to take up to €20 million in profits this year, the company said....

Deals

Deutsche Bank Bulgaria targets €20 mln profit

The Bulgarian division of Deutsche Bank plans to take up to €20 million in profits this year, the company said....

Deals

Kéri Pharma Hungary rebranded Actavis

Actavis Group, the international generic pharmaceuticals company announced that Kéri Pharma Generics in Hungary will be rebranded as Actavis with...

Deals

Kéri Pharma Hungary rebranded Actavis

Actavis Group, the international generic pharmaceuticals company announced that Kéri Pharma Generics in Hungary will be rebranded as Actavis with...

Deals

OMV to take further takeover steps

The owner of MOL Zrt’s largest share portfolio (20.2%), Austrian oil company OMV intends to come up with recommendations in...

Deals

OMV to take further takeover steps

The owner of MOL Zrt’s largest share portfolio (20.2%), Austrian oil company OMV intends to come up with recommendations in...

Sustainability

Turkish foreign real estate spending tops $10 bln in 5 years

In the five-year period from 2003 through 2007 the value of real estate purchases by foreign interests in Turkey was...

Sustainability

Turkish foreign real estate spending tops $10 bln in 5 years

In the five-year period from 2003 through 2007 the value of real estate purchases by foreign interests in Turkey was...

Deals

VCP says takeover Hungary’s FHB not on the agenda

Austria's Vienna Capital Partners (VCP) has no plan to take over Hungarian mortgage bank FHB in which it already has...

Deals

VCP says takeover Hungary’s FHB not on the agenda

Austria's Vienna Capital Partners (VCP) has no plan to take over Hungarian mortgage bank FHB in which it already has...

Retail

Puma says 2008 off to excellent start

Puma AG forecast higher 2008 sales and profit thanks to the Olympics and European Cup soccer after the German sports...

Retail

Puma says 2008 off to excellent start

Puma AG forecast higher 2008 sales and profit thanks to the Olympics and European Cup soccer after the German sports...

Deals

Office Depot profit falls sharply, expenses climb

Office Depot Inc, the second-largest US office supplies retailer, posted a sharply lower quarterly profit on Tuesday, hurt by higher...

Deals

Office Depot profit falls sharply, expenses climb

Office Depot Inc, the second-largest US office supplies retailer, posted a sharply lower quarterly profit on Tuesday, hurt by higher...

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...