Business

Pharma

Chevron completes sale of Benelux Fuels marketing business to Delek

Chevron Corporation announced the completion of the sale by its subsidiaries in Belgium, the Netherlands and Luxembourg (Benelux) of their...

Deals

Rosneft buys YUKOS brand name

Rosneft bought Lot No. 18 of YUKOS assets at an auction yesterday for 18.58 billion rubles ($ 725 million), 0.5%...

Telco

Audi to launch the cleanest diesel engines in the world

From mid-2008 Audi will be putting the cleanest diesel technology in the world into series production. The new TDI engines...

Pharma

Chrysler plans global expansion after Daimler split

Chrysler LLC is working on a significant global expansion following its split from Daimler AG, a senior executive said here....

Deals

18 bln barrels of oil discovered at Iraq’s West Qurna

Iraqi Oil Minister Hussain al-Shahristani reported Thursday that reserves at the West Qurna-2 oil field are now 24 billion barrels,...

HR

Hungarian workforce inactive

The activity rate of potential employees between the age of 15 and 64 is only 57.6% in Hungary; significantly lower...

Deals

In Hungary, an energy battle with Russian overtones

Two Central European energy companies are locked in a bitter battle for dominance in the region after OMV of Austria...

Deals

Gazprom aims for a slice of E.ON’s British power plants

Gazprom, the Kremlin-backed Russian gas group, is negotiating a deal under which it could take a stake in up to...

Pharma

Lipinski calls for more hydrogen fuel research support – US

Congressman Dan Lipinski, vice chairman of the House Committee on Science and Technology, has used his platform as host of...

Pharma

BMW Hydrogen 7 test period concluded – BMW & NASA

BMW of North America and NASA have announced the successful completion of an eight-week test period of the BMW Hydrogen...

Pharma

EIB gives €210 mln to modernize PKN Orlen’s gas stations

PKN Orlen needs to make huge investments to regain its market position. PKN Orlen, Poland’s biggest fuel company, got €210...

Deals

Sweden’s East Capital invests over $250 mln in Romania

Investment funds managed by Sweden’s East Capital company reached a portfolio of approximately $250 million (€181 million) on the domestic...

Deals

Russia oil firms will get no privileges in Iraq

Iraq’s oil minister said on arriving in Moscow Wednesday that Russian crude producers will have to compete on equal terms...

Deals

OMV prefers “friendly combination”

Austrian oil company OMV aims to establish amicable business relations with Hungarian peer MOL, in order to “combine” the two...

Interview

Bulgarian government helpless against high prices

The Minister of economy and energy Petar Dimitrov expressed certainty, that the adopted yesterday measures for taking hold of 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...

Real Estate

Investors Becoming More Selective as Markets Rebound

Commercial real estate investment across the CEE-6 markets reached EUR 5.8 billion for H1 2026 compared with EUR 5.4 bln...

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....

Investors Becoming More Selective as Markets Rebound

Commercial real estate investment across the CEE-6 markets reached EUR 5.8 billion for H1 2026 compared with EUR 5.4 bln...