Business

Deals

Vodafone agrees to buy Tele2 units for €775mln

Vodafone Group Plc., the world’s biggest mobile-phone company, agreed to buy Tele2 AB’s Italian and Spanish units for €775 million...

Deals

Enterprises to pump funding into Hungary

The region’s biggest venture capital and private equity investment group, Enterprises Investors, plans to spend €50 million-€75 million ($70 million-$106...

Retail

Boeing commercial airplane deliveries rise 9% in Q3

The Boeing Company announced on Thursday that it delivered 109 commercial airplanes in the Q3, up 9% from a year...

Interview

European socialists continue to exclude Slovak ruling Smer

The leadership of the Party of European Socialists (PES) decided in Brussels Thursday against bringing Smer, Slovakia’s senior ruling Social...

Deals

EU opens antitrust investigation into IBM takeover bid

The European Union’s competition regulator has opened an in-depth antitrust investigation into IBM’s takeover bid for Swedish software company Telelogic....

Deals

DaimlerChrysler ends corporate marriage with name change

DaimlerChrysler AG’s shareholders are expected to formally sign off Thursday on the end of car giant’s merger with the US...

Deals

Japan’s Hitachi Transport agrees to buy Czech logistics firm

Hitachi Transport System Ltd. reached a basic agreement Wednesday to acquire Czech logistics and distribution company ESA s.r.o. for an...

Deals

Bombardier to refurbish 56 class 5 coaches for NSB

Bombardier Transportation has been commissioned by the Norwegian State Railway (NSB) to refurbish 56 Class 5 coaches. The refurbishment will...

Deals

Shakeups in US brokerage firms

Morgan Stanley plans to cut 600 jobs after a decline in mortgage-related revenue led to lower Q3 earnings than analysts...

Deals

British Telecom opens new unit in Debrecen, Hungary

Pawel Karlowski, British Telecom’s CEO in the CEE region, announced on Tuesday that the company will increase the number of...

Deals

Global wealth climbs 7.5% in 2006, nearing $100 trillion

Global wealth grew by 7.5% in 2006 to reach $97.9 trillion, measured in local currencies. This increase marked the fifth...

Deals

EU fines four companies for forming bitumen cartel

The European Union fined four companies involved in Spanish road works a total of €183 million ($259 million) on Wednesday,...

Competition

EU fines Visa €10.2 million for blocking Morgan Stanley

The European Union on Wednesday fined worldwide card-payment group Visa almost $15 million for refusing to let US bank Morgan...

Pharma

Austrian voestalpine AG to build Steel Service Center in Romania

The steel company plans to build €18 million ($25.5 million) service center in Romania in the first quarter of 2008....

Deals

Telekom Austria buys Belarusian MDC

Telekom Austria, the country’s former state-owned telephone operator, has acquired Belarus’s second-largest mobile phone provider MDC for €1.05 billion ($1.49...

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...