Business

Competition

MTS to invest $2.97 bln in 3G networks by 2020

Russia’s largest mobile communications operator, Mobile TeleSystems (MTS), said Monday it will invest 73 billion rubles ($2.97 billion) in third...

Deals

German realty developer earmarks $2.7 bln for Dubai and Abu Dhabi markets

ACI Real Estate, an affiliate of Alternative Invest Capital, an innovative investment house from Germany, is investing 10 billion dirham...

Deals

German realty developer earmarks $2.7 bln for Dubai and Abu Dhabi markets

ACI Real Estate, an affiliate of Alternative Invest Capital, an innovative investment house from Germany, is investing 10 billion dirham...

Automotive

GE, Kazakhstan in joint locomotive project

General Electric Co will start production of new diesel-powered locomotives in the Central Asian state of Kazakhstan before the end...

Automotive

GE, Kazakhstan in joint locomotive project

General Electric Co will start production of new diesel-powered locomotives in the Central Asian state of Kazakhstan before the end...

Deals

Evraz enters China, may spend $1.5 bln on Delong

Russian steel maker Evraz Group said on Monday it may spend as much as $1.5 billion to buy Delong Holdings...

Deals

Evraz enters China, may spend $1.5 bln on Delong

Russian steel maker Evraz Group said on Monday it may spend as much as $1.5 billion to buy Delong Holdings...

Interview

Ukraine officials try to soothe GDP, CPI fears

Ukrainian officials tried to soothe fears on Monday that the economy might not reach its 2008 growth target of 6.8%...

Interview

Ukraine officials try to soothe GDP, CPI fears

Ukrainian officials tried to soothe fears on Monday that the economy might not reach its 2008 growth target of 6.8%...

Transport

Hungarian Malév: Air bridge between east and west

Airlines are focusing, ever greater attention on markets in Eastern Europe because, as the International Air Transport Association (IATA sees...

Transport

Hungarian Malév: Air bridge between east and west

Airlines are focusing, ever greater attention on markets in Eastern Europe because, as the International Air Transport Association (IATA sees...

Deals

Yield, derivatives attract central bank reserve managers – survey

Central bank reserve managers are still searching for yield after the credit turmoil and more than half view derivatives as...

Deals

Yield, derivatives attract central bank reserve managers – survey

Central bank reserve managers are still searching for yield after the credit turmoil and more than half view derivatives as...

Deals

Italy’s Enel wins control of Russian OGK-5

Italy’s biggest utility Enel has taken a majority stake in Russian power producer OGK-5 after a buyout offer to minority...

Deals

Italy’s Enel wins control of Russian OGK-5

Italy’s biggest utility Enel has taken a majority stake in Russian power producer OGK-5 after a buyout offer to minority...

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...