Business

Competition

Bankruptcy surges 50% in Romania

Bankruptcies in Romania surged 50% in the first six months this year, local Financial Weekly reported Monday....

Automotive

Goodman beefing up operations in Poland

Goodman Group, which manages logistics real estate, has bought a 31.5 ha landsite in Modlniczka near Krakow. The company intends...

Deals

Israeli BSR Europe buys land for €240 mln Balkan projects

The company bought land in Brasov, Romania, and, together with a European real estate fund, also bought land in Bulgaria....

Retail

Lost fortunes: Wealthy Americans who have dropped off the Forbes 400 list

Ah, the late 1990s. Remember stopping into Starbucks, logging onto America Online over a latte and scooping up $5,000 or...

Sustainability

Raiffeisen and Strabag go on Russian building spree

Austrian investors have spent at least €3 billion ($4.22 billion) on the construction of offices and shopping complexes in Russia...

Deals

Nord Stream operator says Estonia measures will not stop project

Nord Stream AG, the operator of a natural gas pipeline being built under the Baltic, said Thursday it believes Estonia’s...

Competition

Indian luxury market may boom to $30 bln by 2015

No stranger to Bharat, luxury is all set for an unprecedented flourish here as the Indian consumer has overcome the...

Pharma

Danish Coloplast completes new plant

Coloplast, a world leading manufacturer of medical device, opened its second factory in Hungary. The company signed a €100 million...

Pharma

Gestesa expands in Hungary

Spanish property developer and investor Gestesa has been expanding its business in the Central European region since 2006. Its first...

Competition

GVH fines 3 local banks for Ft 37 mln

The Hungarian competition authority (GVH) has fined three commercial banks in Hungary a total of Ft 37 million ($205,361) for...

Competition

Supermarkets face huge fines

Britain’s big supermarkets are facing substantial fines after being accused of fixing the prices of milk, butter and cheese with...

Automotive

Audi cutting emissions, but EU seeks more

CO2 target is an average of 130 grams per kilometer per vehicle by. Annoyance heated Ralph Weyler’s voice as the...

Interview

Romanian Justice Minister faces corruption probe

The minister’s comments came a day after the DNA requested President Traian Basescu to authorize a criminal investigation against Chiuariu...

Deals

Gazprom may acquire stake in Baglan Bay plant

Russian gas company Gazprom plans to acquire a stake in Britain’s Baglan Bay power plant in affiliation with German utility...

Interview

China, East European countries develop trade union links

The top trade unions of China and seven East European countries on Wednesday have agreed to step up cooperation and...

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...