Business

Automotive

Chery to boost foreign plants

Chery Automobile Co, the biggest Chinese passenger car brand by unit sales, will build more plants abroad as part of...

Interview

Russia goes for Czech

Russia is heading for a clash with the West after making an unexpected request for a new candidate to take...

Deals

Carlyle creates group to invest in Central, Eastern Europe

Washington-based Carlyle, a private-equity giant with more than $71 billion under management, said the new team will be headed by...

Ecosystem

Hungary: NFÜ’s new programs open tomorrow

Applications to the operative programs for economical development and Central Hungary regional development (GOP, KMOP) can be submitted from tomorrow...

Deals

Sharp announces ultra-thin 52-inch TV, Russian subsidiary

Japanese electronics giant Sharp presented the prototype of an ultra-thin flat-screen television measuring just two centimeters thick to reporters in...

Deals

Big jump in shopping mall construction in Bulgaria

There is a total of 201,000 square meters of shopping mall GLA (Gross Leasable Area) under construction in Bulgaria, according...

Competition

Boeing inks JV deal with Russian titanium producer

US aircraft-manufacturing giant Boeing signed an agreement Tuesday with Russia’s VSMPO-Avisma, the world’s largest titanium producer, to set up a...

Interview

Kazakhstan threats Eni with stop of production in oil field

Kazakhstan on Tuesday threatened halt production of oil by the Italian energy firm Eni in the country’s oil fields due...

Deals

OMV steps up pursuit of MOL

The two largest Central European energy companies are headed for a clash after the chief executive of one, OMV of...

Retail

Eastern European semiconductor centre opened in Czech Republic

Texas Instruments’ Prague customer support centre is the second such centre that the company has created in the region, building...

Deals

Belgium’s WDP to invest €150 mln in logistic projects

Real estate investment company, Warehouses De Pauw is launching its activities in Romania by purchasing 5 sites, with a total...

Retail

Russia’s largest lingerie retailer to debut in Britain

Russia’s largest lingerie retailer is set to become the country’s first retail chain to open in the United Kingdom, a...

Deals

FIAT to plough up all Russia

FIAT-controlled Case New Holland has declared the intention to set up tractor production facilities in Russia. It is the third...

Deals

Foxconn to invest over $50 million in St. Petersburg electronics plant

Foxconn Electronics, the world’s largest provider of electronics manufacturing services (EMS), based in Taiwan, is planning to invest at least...

Deals

Mol ready to welcome allies but not OMV

Hungarian energy group Mol Nyrt is open to partnerships with bigger rivals, CEO Zsolt Hernádi said in an interview.....

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....