Business

Interview

S&P upgrades the Czech Republic’s ratings

Standard & Poor’s on Tuesday raised its foreign currency sovereign credit ratings on the Czech Republic to A/A-1 from A-/A-2...

Deals

Telekom Slovenije attracts 15 bidders

Slovenia’s Ministry of Economy has announced that the state received 15 bidders for the acquisition of a 49.13% stake in...

Automotive

LUKoil to negotiate Venezuela projects in October

LUKoil is set to hold talks in Venezuela this month on implementing projects in the Latin American country, the head...

Deals

Parliament approves bill on strategic companies

Hungary’s parliament approved a draft resolution classifying gas and electricity firms as strategic companies on Monday night. All parts of...

Competition

What comes with illness? Helplessness

Hungary placed near the bottom in a recent European Healthcare Index survey regarding friendliness among the EU 27 countries plus...

Deals

Exxon follows Shell in divesting from South America

Following recent compensation disputes with the Venezuelan government, Exxon Mobil Corporation seems intent on leaving South America and selling its...

Automotive

BMW opens first showroom in Vietnam

Euro Auto Corp., the official importer of BMW vehicles in Ho Chi Minh City, opened the German automaker’s first showroom...

Deals

CP Desoutter in move to Hungary

CP Desoutter, a division of Atlas Copco, has announced plans to move the assembly part of its pneumatic power tools...

Retail

Microsoft kicks off online services

Faced with growing competition, Microsoft kicked off on Monday its online services aimed at businesses with more than 5,000 employees....

Deals

Re-nationalizing MOL is a “bad idea”

In Hungary, every investor has to observe the rules of the capital market, the norms of the law, and the...

Deals

Billionaire Usmanov increases stake in Arsenal to 23%

Russian billionaire Alisher Usmanov’s Red and White Holdings Ltd. has bought a further 2% in English soccer club Arsenal FC...

Competition

Czech Republic “best in Eastern Europe for property”

Brits looking to invest in property in Eastern Europe have been advised to consider the Czech Republic before any other...

Pharma

First 100% foreign invested company licensed to operate in Vietnam

Ho Chi Minh City People’s Committee has just granted an investment license to the 100% foreign invested East-West Trading Company...

Retail

Advanced biofuels : ethanol, schmethanol

Everyone seems to think that ethanol is a good way to make cars greener. Everyone is wrong....

Competition

Fair to feature Latin American, CEE commodities

China is to hold a trade fair for commodities from Latin America and Central and Eastern Europe in Beijing from...

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...