Business

Deals

Report: No wage increases in GM-UAW deal

The landmark agreement General Motors Corp. and the United Auto Workers union reached early Wednesday includes no worker wage increases,...

Automotive

Swiss Maxon opens Ft 700 million new hall in Veszprém, Hungary

Maxon Motor Hungary Ltd – located in Veszprém - has inaugurated its new plant hall on Tuesday. The 1500 square...

Competition

Denmark and Finland the least corrupt nations of the world

The divide in perceived levels of corruption in rich and poor countries remains as sharp as ever, according to the...

Deals

Morgan Stanley to miss out on Mol fees after quitting defense

Morgan Stanley is set to miss out on lucrative advisory fees on one of Europe’s largest potential takeovers this year,...

Transport

Russia’s Sukhoi holds public presentation of SuperJet-100

Russian aircraft manufacturer Sukhoi officially presented to the public on Wednesday its first SuperJet-100 regional aircraft....

Deals

Media Markt celebrates premiere in Turkey

Media Markt, market leader in consumer electronics centers in Europe, opened its first Turkish store in Istanbul on Tuesday....

Competition

Doing Business 2008: Large emerging markets reforming fast – World Bank

Egypt the top reformer, Eastern Europe overtakes East Asia on ease of doing business....

Interview

IMF to start assessing Russian financial sector next week

The International Monetary Fund will start assessing the Russian financial sector next week, IMF Managing Director Rodrigo de Rato said...

Automotive

Ford opens Nanjing plant in China

Ford Motor Co, a relative latecomer in China, yesterday opened a 160,000-unit car plant in this eastern city as part...

Telco

Polish government approves draft budget for Year 2008

Polish Prime Minister Jaroslaw Kaczynski said on Tuesday the government had approved the draft budget for Year 2008 earlier in...

Telco

Hungary: Gyurcsány announces new measures

Prime Minister Ferenc Gyurcsány listed some of the new regulations the government plans to enact in October, all of which...

Competition

Telsey opens trade center in Hungary

The Italian communications device maker Telsey S.p.A. is to strengthen its Eastern-Central-European activity through opening a trade center in Hungary....

Pharma

Computer giant Lenovo to choose Poland – report

The majority Chinese-owned computer giant Lenovo will likely choose Poland over its smaller neighbor and fellow EU member Slovakia for...

Deals

Austrian OMV declares intent to combine with Hungary’s MOL – extended

OMV, the Austrian-based oil and gas company, on Tuesday declared its wish for a long-term cooperation with its Hungarian competitor...

Pharma

Russia to run out of oil in 50 years, gas in 75 years – scientist

Russia will run out of crude oil reserves in 50 years, and the country’s natural gas will be depleted in...

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...

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

Working for a Competitive Advantage – The Latest Issue of the BBJ

Róbert Keszte became president of the German-Hungarian Chamber of Industry and Commerce (DUIHK) in 2025. In an interview with the...

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...

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,...

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...

18,000 Truck Drivers Near Retirement, Hungary Faces Shortage

Europe currently has more than 500,000 unfilled truck‑driver positions, and another 600,000 drivers are expected to reach retirement age in...

Working for a Competitive Advantage – The Latest Issue of the BBJ

Róbert Keszte became president of the German-Hungarian Chamber of Industry and Commerce (DUIHK) in 2025. In an interview with the...

Hungary’s Industrial Producer Prices Rise 4.8% as Energy Export Prices Surge

Hungary’s industrial producer prices rose 4.8% year-on-year in August and 2.9% from July, with energy export prices climbing sharply amid...