Business

Competition

Enel to build nuclear power plant in Bulgaria

Italy-based electricity company Enel has been short listed, along with five other firms, to take part in a joint venture...

Competition

Energy control in France becomes patriotic

The battlefield is almost ready for the French President's first collision with Brussels, and Nicolas Sarkozy has prepared his artillery...

Deals

Germany’s Siemens back for Russian Power Machines

German industrial conglomerate Siemens AG has notified Interros about the intention to execute its right of first priority and buy...

Sustainability

CEE banking markets break through trillion Euro ceiling – study

Balance-sheet total of all banks in Central and Eastern Europe (CEE) recorded 28% growth in 2006 and amounts to more...

Pharma

Where emerging markets are safe

It’s not Asia, says David Frum. He suggests we take another look at Central Europe, where markets aren’t developing at...

Deals

Alitalia will reduce service at Malpensa by half

Alitalia intends to scrap 150-170 of its 340 daily flights from Milan Malpensa as part of a new business plan...

Transport

Russian oligarch Abramovic “first private owner of an A380 superjumbo”

Russian billionaire Roman Abramovich, who owns the British football side Chelsea, has been revealed as the mysterious private citizen who...

Office Market

Orco managed sales of Arena Corner office building in Budapest

The Endurance Office and Retail Fund announced the acquisition of Arena Corner Office Center....

Pharma

Presence of foreign capital on the increase

Analysts are observing a new improvement in FDI. Irish and Chinese companies have already announced new investments in Hungary....

Pharma

PepsiAmericas invests in Bulgarian bottling operation

PepsiAmericas Inc. today announced that it has formed a joint venture that has completed the purchase of Agrima JSC. Agrima...

Retail

US TPG to buy out 60% in Sedmoi Kontinent

US TPG Capital sealed yesterday a preliminary agreement with holders of Sedmoi Kontinent for buying out 60% in 7K-Investholding that...

Pharma

Shetland to build hydrogen houses

The fight against climate change has received a boost from a Shetland partnership who have pledged to build the isles'...

Transport

Dragonair to join oneworld on first of November

Dragonair will join oneworld on 1 November 2007, as the global airline alliance announced. Its addition to oneworld is expected...

Deals

Political backing of CEZ-MOL deal denied

Czech PM Mirek Topolánek denied that the Czech government participated in setting up a strategic cooperation between Czech Energy Works...

Pharma

Hungarian and Chinese PMs meet

Prime Minister Ferenc Gyurcsány is scheduled to meet his counterpart Wen Jiabao and vice president Zeng Qinghong for talks at...

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...

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...

Szentkirályi to Take Over Almdudler Distribution in Hungary From January.

Szentkirályi Magyarország is set to take over Hungarian distribution of popular Austrian herbal soft drink Almdudler on January 1, 2027....