Business

Retail

Dell expanding its retail strategy plans store in Russia, Hungary

Dell Inc. the second-biggest PC maker, plans to open its first store in Russia, part of a retail strategy designed...

Telco

Czech draft budget for 2008 meets euro-adoption criteria

The Czech centre-right government Wednesday approved the country’s draft budget for 2008 with a deficit under 3% of the gross...

Pharma

Abu Dhabi to acquire Japan’s Cosmo Oil for $776 mln

An investment arm of the Abu Dhabi government will spend about $776 million to buy one-fifth of Cosmo Oil, becoming...

Ecosystem

Hungary: Telework gets complex help from Ministry

Instead of using simple telework subsidies, the Social Affairs and Labor Ministry now offers complex labor market programs, which will...

Automotive

General Motors wants to rebuild FSO in Poland

As Poland returns to the group of leaders in car manufacturing in the region. General Motors wants to make Poland...

Deals

Germany’s Commerzbank buys majority stake in Ukraine’s Bank Forum

Commerzbank has acquired a majority stake in Ukraine’s 10th-largest private-sector bank, Bank Forum, for $600 million, the German bank announced...

Competition

EU plans new network-monopoly curbs after Microsoft defeat

A new ruling against Microsoft’s refusal to unbundle and code-share enables the EU to launch tougher network-opening requirements, and could...

Telco

US hybrid vehicle sales jump 49%

US sales of new hybrid cars jumped 49% in the year’s first seven months, due in part to a Midwest...

Deals

MOL hires six banks for €2 billion loan

Hungarian oil giant MOL has commissioned six banks, Citigroup, Royal Bank of Scotland, BNP Paribas, Bank of Tokyo-Mitsubishi, ING and...

Telco

US is the fastest expanding biofuels market

The US is the fastest expanding market in the world for biologically derived renewable fuel, according to Ernst & Young’s...

Interview

Sarkozy criticism overshadows EU finance meeting

European Union financial leaders reacted angrily at a meeting in Portugal on Saturday to comments by French President Nicolas Sarkozy...

Deals

Sarkozy hedges free market with gov’t control

Following nearly two years of squabbling, this month France’s national gas utility, Gaz de France, finally agreed to team up...

Interview

EU calls for stable government in Ukraine

European leaders on Friday urged Ukraine to form quickly a stable government after September 30 elections as they started talks...

Automotive

Hungary: Industrial production rises in July

Hungarian industrial gross output increased, working days rose year-on-year in July the Central Statistical Office (KSH) reported Friday....

Pharma

EU companies welcome progress in the Chinese market and ask for greater access

European businesses in China hailed the openness and transparency of the Chinese market, but demanded that more be done to...

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...