Business

Deals

GE Money signs European deal with Ryanair

GE Money, the global consumer lending unit of GE and Ryanair announced that they have signed a deal which will...

Deals

Private equity firm takes over Chrysler

The private equity firm Cerberus Capital Management Friday took control of Chrysler, returning the automaker to US ownership....

Automotive

Russia becomes Chinese car industry’s largest market

Russia was the largest importer of Chinese cars in the H1 of 2007, accounting for 16% of the country's total...

Retail

Petrol station retail chain project in Russia suspended by investor

The Russian grocery retail chain Paterson, which has been working on the establishment of a petrol station convenience store chain...

Competition

Irish government announces new round of licensing for oil & gas exploration under new licensing terms

Minister Eamon Ryan has announced that he would be launching a new licensing round for oil and gas exploration in...

Deals

Canadian Magna outlines Russian venture

Magna International Inc. chairman Frank Stronach rejected several privatization proposals put to him last year before hooking up with controversial...

Deals

Mutual investors couldn’t wait – Russia

Instability on world stock markets and poor results on the Russian stock market dampened private investors’ interest in mutual funds....

Deals

Morgan Stanley faces fine, says report

US securities regulators plan to penalize Morgan Stanley $6.1 million for allegedly overcharging customers on $59 million in bond sales,...

Deals

Oil firm MOL surprise acquisition of Croatian chain

Hungarian oil company MOL Nyrt has acquired Croatian gas retail chain Tifon, MOL announced yesterday....

Pharma

Poland attracts record FDI in 2007 first five months

Poland attracted $6.4 billion worth of foreign direct investment between January and May this year, beating all records for a...

Competition

Atomic Minerals to option 2,800 sq km uranium property

Atomic signs letter of intent to acquire over 2800 square kilometers of uranium property in Tanzania....

Deals

Bear Stearns funds file for bankruptcy

Two Bear Stearns Cos. hedge funds involved in mortgage investments have filed for bankruptcy, court documents the US investment bank...

Sustainability

Hike in real estate prices threatens economy

Overpriced real estate assets and large personal debts increase risks and may lead to economical halt, a new report by...

Competition

BA’s price-fix fine reaches £270 mln

British Airways has been fined some £270 million ($546 million) after it admitted collusion in fixing the prices of fuel...

Retail

Poland: raising CNG excise tax could deter uptake

The Polish Finance Ministry has reportedly announced that it is looking into imposing an excise tax on compressed natural gas....

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...