Business

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...

Pharma

Russia ministry says ready to extend agreement annually with EU

Russia is ready to extend annually the partnership and cooperation agreement with the European Union as talks on a new...

Pharma

Russia ministry says ready to extend agreement annually with EU

Russia is ready to extend annually the partnership and cooperation agreement with the European Union as talks on a new...

Deals

Israeli Aura in more Romanian deals

The company has bought land for a mall as well as stakes in three Plaza Centers’ projects....

Deals

Israeli Aura in more Romanian deals

The company has bought land for a mall as well as stakes in three Plaza Centers’ projects....

Deals

HTCC acquires Austrian peer

Hungarian Telephone and Cable Corp (HTCC) has reached an agreement to purchase 95.7% of the outstanding equity in Austrian-based Memorex...

Deals

HTCC acquires Austrian peer

Hungarian Telephone and Cable Corp (HTCC) has reached an agreement to purchase 95.7% of the outstanding equity in Austrian-based Memorex...

Deals

CEZ and MOL to create power JV

Czech electrical utility CEZ and Hungarian peer MOL agreed to set up a joint venture to leverage opportunities in a...

Deals

CEZ and MOL to create power JV

Czech electrical utility CEZ and Hungarian peer MOL agreed to set up a joint venture to leverage opportunities in a...

Transport

Wizz Air further enhances its operations with 35% more flights next summer

Wizz Air, the largest low cost airline based in CEE recently announced a series of developments from its bases in...

Transport

Wizz Air further enhances its operations with 35% more flights next summer

Wizz Air, the largest low cost airline based in CEE recently announced a series of developments from its bases in...

Deals

Prochoice invests in Romania property

Nicosia-based Cyprus) A.L Prochoice Group Public Ltd has signed an agreement for the purchase of a property of 580,000 square...

Deals

Prochoice invests in Romania property

Nicosia-based Cyprus) A.L Prochoice Group Public Ltd has signed an agreement for the purchase of a property of 580,000 square...

Interview

EU, NATO to decide Kosovo status after UN fails

The EU and NATO will decide on the status of Kosovo after the UN Security Council failed to reach a...

Interview

EU, NATO to decide Kosovo status after UN fails

The EU and NATO will decide on the status of Kosovo after the UN Security Council failed to reach a...

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...