Business

Deals

Siemens foiled again in Power Machines stock shuffle

The Russian Federal Antimonopoly Service has refused for a second time to allow Siemens to buy 30.4% of the stock...

Competition

Platts Global Top 250: The world’s top performing energy companies

Major oil and gas companies have consolidated their position as the world”s most effective energy businesses, dominating the rankings in...

Pharma

Kimberly-Clark plans to build its first plant in Russia

Dallas-based Kimberly-Clark Corp., a leading global health and hygiene company, the maker of Kleenex tissues and Cottenelle toilet paper, plans...

Deals

Chinese firms to build Polish expressways

Nearly 40 private Chinese companies, led by China International Industry and Commerce Co Ltd (CIIC), are likely to build expressways...

Interview

Strains tell within Europe over Kosovo

Trapped between the tough and exclusive positions adopted by the US and Russia, even the semblance of EU unity over...

Automotive

‘Green’ the magic word at car show

Reducing emissions and raising fuel efficiency are the magic words at the Frankfurt International Motor show (IAA) as manufacturers and...

Deals

Russia to cede 25% of electricity grid to foreign investors

The head of Russia’s electricity monopoly Unified Energy System (UES) said in an interview with a British newspaper Wednesday that...

Competition

Corporate defaults to surge, Moody’s says

The credit crunch has cut off access to borrowing for many weak companies, which will trigger a surge in corporate...

Pharma

Hungary’s Libri set to arrive in Romania

Libri, Hungary’s largest book retailer with a turnover worth €34 million ($47 million) is set to enter the domestic market...

Telco

Russia to spend up to $5.8 bln on electronics industry until 2025

Russia plans to allocate 140 billion rubles ($5.5 billion) - 150 billion rubles ($5.8 billion) to develop its electronics industry...

Deals

Payer International to develop Hungarian operation

Austria’s electronic beauty care products manufacturer, Payer International Technologies GmbH is to relocate further production capacities to its Hungarian base,...

Telco

Datamonitor releases ‘Fuel Card Distribution through Leasing Companies’

Between 2003 and 2006 the number of operational leasing cars grew by 660,000 across Europe, creating numerous opportunities for leasing...

Interview

Merkel, Sarkozy call for financial transparency

German Chancellor Angela Merkel and visiting French President Nicolas Sarkozy urged the European Union on Monday to take measures to...

Deals

Hungary investors should seek cities

Hungary’s fly-to-let investors should buy city centre new-build rather than being wooed by a holiday resort glow, according to experts...

Deals

Russia’s Alfa Group in talks to buy Turkish supermarket chain Migros

Russian conglomerate Alfa Group is in talks with Turkey’s financial-industrial Koc Holding to buy a controlling stake in supermarket chain...

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...