Business

Deals

Kazakhstan seeks to double its stake in Kashagan project

Kazakhstan is seeking to double its stake to 16.8% in the Kashagan oilfield through its oil and gas subsidiary KazMunaiGaz...

Deals

Kazakhstan seeks to double its stake in Kashagan project

Kazakhstan is seeking to double its stake to 16.8% in the Kashagan oilfield through its oil and gas subsidiary KazMunaiGaz...

Telco

XL Telecom & Energy to establish solar farms in Spain

India-based XL Telecom & Energy is planning to enter the power generation business by establishing solar farms in Spain....

Telco

XL Telecom & Energy to establish solar farms in Spain

India-based XL Telecom & Energy is planning to enter the power generation business by establishing solar farms in Spain....

Deals

Russia likely to become world’s fifth largest economy by 2020

Russia will become the world’s fifth largest economy by 2020, should its GDP keeps an annual growth rate of 6...

Deals

Russia likely to become world’s fifth largest economy by 2020

Russia will become the world’s fifth largest economy by 2020, should its GDP keeps an annual growth rate of 6...

Automotive

Serbia to sell Zastava car maker

Serbia’s state-run privatization authority announced Thursday it was inviting prospective buyers to review documentation about the sale of the country’s...

Automotive

Serbia to sell Zastava car maker

Serbia’s state-run privatization authority announced Thursday it was inviting prospective buyers to review documentation about the sale of the country’s...

Pharma

VSMPO-Avisma signs titanium supply contract with Boeing

Russian titanium producer VSMPO-Avisma has signed a $1.25 billion contract with Boeing to supply titanium in 2011-2015 for the Boeing...

Pharma

VSMPO-Avisma signs titanium supply contract with Boeing

Russian titanium producer VSMPO-Avisma has signed a $1.25 billion contract with Boeing to supply titanium in 2011-2015 for the Boeing...

Deals

Vietnam targets bigger electronics export next year

Vietnam has planned electronics export turnovers of $3.5 billion in 2008, up from estimated $2.2 billion in 2007 and $1.7...

Deals

Vietnam targets bigger electronics export next year

Vietnam has planned electronics export turnovers of $3.5 billion in 2008, up from estimated $2.2 billion in 2007 and $1.7...

Competition

Huawei to build European PS-CN for T-Mobile

Huawei Technologies Co., Ltd., a leader in providing next generation telecommunications network solutions for operators around the world, today announced...

Competition

Huawei to build European PS-CN for T-Mobile

Huawei Technologies Co., Ltd., a leader in providing next generation telecommunications network solutions for operators around the world, today announced...

Competition

ArcelorMittal takes over Austrian, Uruguay steel firms

ArcelorMittal, the world’s largest steel producer, announced Monday it had acquired Austrian steel distributor Eisen Wagner GmbH, and Uruguay-based steel...

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...

Retail

Aldi Cuts Selection and Prices, Shifts toward Stricter Discount Model

Aldi has reduced its food assortment from 2,600 to 2,100 products as part of a data‑driven cleaning process that keeps...

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...

Aldi Cuts Selection and Prices, Shifts toward Stricter Discount Model

Aldi has reduced its food assortment from 2,600 to 2,100 products as part of a data‑driven cleaning process that keeps...