Business

Deals

Israeli Aura and partner in $262 mln Romanian project

The company is involved in residential projects in Eastern Europe and Kazakhstan with an estimated aggregate pretax profit of 380...

Transport

Deutsche Bank rises stake in Russia’s Aeroflot

Frankfurt-based Deutsche Bank AG, Germany’s largest bank, has increased its stake in Russia’s flagship airline Aeroflot from 1.8% to 8.8%,...

Deals

Why the market’s going nuts

Panic spreads: Mortgage problems infect Wall Street and stocks around the world....

Deals

KD invests €10 mln in mandatory pensions

Slovenian-based group KD, which is present in Romania with investment management, life insurance and brokerage companies, is preparing to enter...

Telco

Hungary’s Videoton: Ft 2 bln investment in Kaposvár

Videoton Holding Zrt is implementing a new production program at its Kaposvár unit, according to daily Napi Gazdaság....

Interview

Russia, Australia to sign uranium deal in September – extended

Russia and Australia intend to sign a bilateral agreement on the peaceful uses of nuclear energy during the Russian president’s...

Retail

Nissan to expand TIIDA sales across Europe

TIIDA to be launched in Germany, Spain, Switzerland, Austria and Portugal - on sale from January 2008; - four and...

Deals

Yen surges as carry trade unwinds

A dramatic surge in the Japanese yen over recent days has cut off a key source of liquidity for the...

Deals

American buys Yukos debt-laden foreign assets

Two last assets of the bankrupt oil giant Yukos went under the hammer on Wednesday, finishing the company’s long carve-up....

Deals

Allen & Overy top for international associate satisfaction

Allen & Overy has been ranked top firm for international associate satisfaction in American Lawyer magazine’s midlevel associate survey....

Deals

ING Lease to acquire Citileasing in Hungary

ING Lease, a subsidiary of ING Wholesale Banking and one of the top five international lease companies in Europe, announced...

Deals

Looking at stock, housing markets from a global perspective

Overheated and wildly fluctuating stock and real estate markets across the globe have become one of the largest risks threatening...

Competition

Iceland-based Kaupthing bank takes over Dutch NIBC Bank

Iceland-based Kaupthing Bank on Wednesday announced it will take over Dutch business bank NIBC Holding NV for €2.985 billion ($4.054...

Competition

Foreign investment in Bulgaria drops down

There is a decrease in the amount of the foreign investment from the beginning of the year compared to the...

Deals

Little-known company buys Yukos overseas assets for $307 mln

A company earlier believed to be affiliated with Russian state-owned crude producer Rosneft bought overseas assets of bankrupt oil company...

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....