Business

Deals

Eni forced to cease exploitation of Kazakh oil fields

Kazakhstan closed the country’s oil fields to production by the Italian energy firm Eni S.p.A. due to a breach of...

Interview

Slovenia, Croatia decide to turn to The Hague for border dispute settlement

Slovenia and Croatia agreed on Sunday to solve their border dispute at the International Court of Justice in The Hague,...

Deals

Gulf region petro-dollars flow into Africa

Aided by growing trade links, the oil-rich Gulf region has begun parking its petro-dollar investments next door in Africa, which...

Interview

Germany plans to block unwanted foreign takeovers

The German cabinet agreed on Friday on a plan to try to find a way to protect German industries from...

Retail

First Tesco Express opens in Hungary

British retail giant Tesco Saturday opened the first of five convenience stores planned for Hungary....

Automotive

Russia’s PAZ, Brazilian Marco Polo mull JV on bus production

Russia’s Pavlovsky Bus Plant (PAZ) is holding talks with Brazilian bus manufacturer Marco Polo to form a joint venture for...

Deals

Russia aims to sell India 40 fighters to India in Sept

Russia hopes to sign a contract next month to sell India 40 Sukhoi fighters, the president of the Irkut warplane...

Deals

Russia’s anti-monopoly body allows Italy’s Enel to buy OGK-5

Russia’s Federal Anti-Monopoly Service (FAS) has given Italian power company Enel SpA authorization to acquire over 70% in the wholesale...

Deals

Jaguar/Land Rover sale on track, as Ford mulls adding Volvo

The emergence of at least two US-based bidders has turned the sale of the UK-based units from possibility to probability,...

Automotive

General Motors considers Romania for plant

General Motors could shortly begin investments in order to develop a production centre in Romania, with Cluj as a potential...

Deals

British Airways fined $300 million for price-fixing conspiracy

British Airways PLC was fined $300 million on Thursday after it pleaded guilty to a price- fixing conspiracy on international...

Automotive

Hungary: Bare rate to remain unchanged on Monday

The base rate set by the Central Bank will remain unchanged on Monday, opined both analysts and Forex traders. Reuter’s...

Pharma

Business calls on Merkel to address Chinese economic fears – analysis

German Chancellor Angela Merkel travels to China and Japan Sunday with industry in Europe’s biggest economy hoping she will use...

Transport

Moscow government airline signs contract to buy four Boeings

Atlant-Souyz, the official air carrier of Moscow’s government, signed Wednesday a contract at the MAKS-2007 air show to buy four...

Pharma

The oil of Gazprom to spread throughout Asia

In an effort to conquer retail markets of CIS, Gazprom Neft has incorporated subsidiaries in Kazakhstan and Tadjikistan. In the...

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....