Business

Deals

Swiss bank EFG sets new goals on profit leaps

Switzerland's EFG aims to triple profit by 2010 after posting a leap in 2007 results, saying it expected to buy...

Deals

Swiss bank EFG sets new goals on profit leaps

Switzerland's EFG aims to triple profit by 2010 after posting a leap in 2007 results, saying it expected to buy...

Deals

Siemens to cut 7,000 jobs

Germany's Siemens plans to cut 7,000 jobs of the workforce of its corporate telecoms unit, which it has been trying...

Deals

Siemens to cut 7,000 jobs

Germany's Siemens plans to cut 7,000 jobs of the workforce of its corporate telecoms unit, which it has been trying...

Sustainability

US existing-home sales fall to new low

Existing-home sales in the United States fell to the lowest level in nearly a decade, the National Association of Realtors...

Sustainability

US existing-home sales fall to new low

Existing-home sales in the United States fell to the lowest level in nearly a decade, the National Association of Realtors...

Retail

Investor launches Ft 25 bln property investment

The property investment company R-CO Zrt has started the Köki project in Budapest, the development of the metro terminal Kőbánya-Kispest...

Retail

Investor launches Ft 25 bln property investment

The property investment company R-CO Zrt has started the Köki project in Budapest, the development of the metro terminal Kőbánya-Kispest...

Deals

EU to propose common approach to sovereign funds

The European Commission will use Norway as a benchmark for a voluntary European Union code to deal with state-owned sovereign...

Deals

EU to propose common approach to sovereign funds

The European Commission will use Norway as a benchmark for a voluntary European Union code to deal with state-owned sovereign...

Deals

Dresdner Bank ready to join Ambac rescue

Dresdner Bank, part of insurer Allianz, intends to support a rescue package for US bond insurer Ambac Financial Group Inc,...

Deals

Dresdner Bank ready to join Ambac rescue

Dresdner Bank, part of insurer Allianz, intends to support a rescue package for US bond insurer Ambac Financial Group Inc,...

Automotive

Car industry factors heavily in Slovak GDP

The auto industry covered one-quarter of Slovakia's GDP and one-third of the country's exports in 2007....

Automotive

Car industry factors heavily in Slovak GDP

The auto industry covered one-quarter of Slovakia's GDP and one-third of the country's exports in 2007....

Transport

Bulgarian airliners displeased with safeguard curbs

Bulgarian air carriers have complained of being cornered by the restrictions, which the European Union introduced shortly before the country's...

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...