Business

Interview

WTO negotiators agreed on some customs issues – Russia

The negotiators of multi-party consultations for Russia’s admission to the World Trade Organization reached a preliminary agreement on eight customs...

Retail

More international retailers expected in Romania

With 2 million square meters of retail space available until 2010 - four times more than the current level, the...

Transport

New rules for disabled air travel

A European law that will improve air travel for disabled and older people has come into effect....

Deals

Dominican tycoons join to buy embattled Shell’s stake in refinery

The process to sell the Shell Company’s shares in the Dominican Petroleum Refinery (Refidomsa) advance with several proposals, which involve...

Deals

Bombardier receives €55 mln double-decker train order from Poland

Bombardier Transportation has received an order to supply 37 new generation double-deck coaches for the suburban rail network operated by...

Deals

$39 bln to flow into overseas market

More than 300 billion yuan ($39.5 billion) is ready to flow into the international market with China's insurance companies getting...

Deals

Germany’s Rehau: Czech expansion to supply automotive sector

Rehau has begun work on a €11 million ($15.1 million) investment to expand capacity at its plant at Moravska Trebova...

Pharma

IMF raises China’s economic growth forecast to 11.2% this year

The International Monetary Fund (IMF) on Wednesday raised China's economic growth forecast for 2007 to 11.2%, up 1.2 percentage points...

Deals

Hungary less appealing to foreign investors

Hungary ranked 11th on the list of European countries targeted by the most foreign capital investments, a slight drop compared...

Automotive

Mercedes Car Group nearly doubles earnings

DaimlerChrysler's German-based car business nearly doubled earnings in the Q2 as Mercedes Car Group put its troubles behind it....

Pharma

Eastern Europe city centre market “large and stable”

The investment property markets in city centers across Eastern Europe are stable as well as big enough to provide good...

Deals

Finnish Fortum fights Gazprom over TGK-1

The Finnish energy giant Fortum is ready to cash out €240 million ($329.6 million) for additional shares in the main...

Pharma

World outdoor advertising market to reach $30.4 bln by 2010 – survey

Modern urban lifestyles exhibit a tendency towards greater indulgence in outdoor activities. In addition, people spend a greater portion of...

Sustainability

Romanian land costs 5 times more than in Poland – says Polimeni

American developer Polimeni International, which announced investments worth €300 million ($414 million), has completed its first two acquisitions on the...

Deals

Italy set to bail out bank after huge derivatives losses

Board members of the Italian bank Italease were in emergency session last night amid reports that the central bank may...

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...