Business

Deals

Merrill Lynch expanding India commodity business

DSP Merrill Lynch Ltd is looking to target the commodity hedging needs of Indian companies and would like to be...

Interview

Latvian gov’t announces resignation

Latvian Prime Minister Aigars Kalvitis announced his government's resignation Wednesday in order to “cool down hot heads”....

Interview

Latvian gov’t announces resignation

Latvian Prime Minister Aigars Kalvitis announced his government's resignation Wednesday in order to “cool down hot heads”....

Sustainability

HB Reavis to debut on Hungarian property market

HB Reavis, one of Slovakia's largest property developer groups, has entered the Hungarian market, looking for investment in malls and...

Sustainability

HB Reavis to debut on Hungarian property market

HB Reavis, one of Slovakia's largest property developer groups, has entered the Hungarian market, looking for investment in malls and...

Transport

Air France submits Alitalia bid

French airline Air France revealed its bid, long in the waiting for the state-held stake in ailing Alitalia, and is...

Transport

Air France submits Alitalia bid

French airline Air France revealed its bid, long in the waiting for the state-held stake in ailing Alitalia, and is...

Interview

Greece mulls Russian arms deal

According to insider reports, the Greek government is in talks on sealing high-profile arms deal, buying Russian BMP-3 infantry fighting...

Interview

Greece mulls Russian arms deal

According to insider reports, the Greek government is in talks on sealing high-profile arms deal, buying Russian BMP-3 infantry fighting...

Competition

Almunia doubts positive effect of interest rate cuts

European Commissioner for Economic and Monetary Affairs Joaquin Almunia expressed doubts Wednesday that interest rate cuts could be the key...

Competition

Almunia doubts positive effect of interest rate cuts

European Commissioner for Economic and Monetary Affairs Joaquin Almunia expressed doubts Wednesday that interest rate cuts could be the key...

Automotive

Oldest Rolls-Royce sold for record $7.22 mln

The oldest Rolls-Royce in the world was sold for a record £3.5 million ($7.22 million) at an auction in London,...

Automotive

Oldest Rolls-Royce sold for record $7.22 mln

The oldest Rolls-Royce in the world was sold for a record £3.5 million ($7.22 million) at an auction in London,...

Deals

Russia’s Atomenergomash to buy 100% in Czech Arako by yearend

Atomenergomash, a Russian supplier of equipment for nuclear power plants, said on Wednesday it intends to increase its stake in...

Deals

Russia’s Atomenergomash to buy 100% in Czech Arako by yearend

Atomenergomash, a Russian supplier of equipment for nuclear power plants, said on Wednesday it intends to increase its stake in...

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...

Business

Chamber of Commerce Corner, October 2, 2026

This regular section of the Budapest Business Journal features news and events from various international business chambers. For further information...

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...

Chamber of Commerce Corner, October 2, 2026

This regular section of the Budapest Business Journal features news and events from various international business chambers. For further information...