Business

Retail

Germany’s Aldi arrives on Romanian market

German-based company Aldi, the world’s tenth-largest retailer, which boasts a global turnover in excess of €39 billion ($53.6 billion), has...

Pharma

General Motors sees progress on fuel cell research

If everything goes right, regular people will be driving hydrogen-powered fuel-cell vehicles in a few test areas across the globe...

Telco

E.ON, RWE profits increases on German power sales, lower costs

E.ON AG and RWE AG, Germany’s two biggest utilities, may probably report a Q2 profit rise after they sold power...

Pharma

Australian QWL sets sights on Eastern Europe

QWL Pty Ltd has launched a fund targeting high growth in Eastern Europe, hoping to take advantage of the region’s...

Interview

Base rate cuts depend on conditions

The Hungarian central bank (MNB) may continue to decrease the base rate if the quarterly inflation report that is to...

Interview

Croatia mounts largest anti-corruption action to date

In a carefully planned and executed sting, police infiltrated the Croatian Privatization Fund in order to uncover corruption there. Seven...

Pharma

Elbit Medical to sell Arena Plaza for €400 mln

Plaza centers NV is to sell Arena Plaza (under construction - near Keleti railway station and Népstadion) to Active Asset...

Office Market

Valid construction permit granted for Paris Department Store, Budapest

ORCO Property Group received the official construction permit for the Paris Department Store project, reconstruction works can begin at the...

Retail

New technology would store carbon underground

Standing near an 800-meter-deep bore hole in the ground here, Frank Schilling picked up a fist-sized cylinder of sandstone and...

Transport

Wizz Air expands its Bucharest base

Wizz Air announced yesterday that it would expand operations from Bucharest in Romania by deploying an additional A320 aircraft delivered...

Pharma

Luxury German carmakers enjoy buoyant sales

Germany’s leading luxury carmakers have shaken off worries about a surging euro to report a strong growth in sales last...

Deals

EU gives green light to Barclays’ bid for ABN Amro

The European Union (EU) gave the green light on Monday to the proposed acquisition by British banking giant Barclays of...

Deals

E.C. clears E.ON to buy Endesa, Enel assets

The European Commission Monday cleared German energy company E.ON AG to buy Endesa Europa SL, a subsidiary of Spanish power...

Automotive

Chery to supply Fiat with 100,000 engines annually

Chery Automobile Co., Ltd. and Italy’s Fiat Auto have signed an agreement that Chery will supply Fiat with 100,000 engines...

Competition

Expanding into Europe: Are employers making the best decisions?

Top 5 rated countries for 2007 are Poland, Denmark, Slovenia, Switzerland and the United Kingdom - a human resource perspective...

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...