Business

Competition

EU clears Eni to buy Europe retail stations from Exxon Mobil

The European Commission Tuesday cleared Eni SpA to buy 102 gasoline stations in the Czech Republic, Slovakia and Hungary from...

Deals

Mol bolsters defenses for fight with OMV

Hungarian oil and gas group, Mol Nyrt yesterday announced new share buy-backs that brought the level of company shares under...

Deals

Dozen offers received for MÁV Cargo

According to MÁV Zrt, a total of 12 non-binding offers were received until yesterday’s deadline for the public tender for...

Deals

Fleetcor strengthens European presence with CCS Slovakia buy

Fleet card provider FleetCor has acquired the remaining 50% ownership interest of CCS Slovakia through its subsidiary CCS in the...

Competition

Tension churns Venezuela’s state oil company

Venezuela's national oil company is being shaken by claims of corruption and by internal dissent, indicating fissures within the institution...

Transport

EU foreign ministers approve deal on US-bound passenger data transfer

Foreign Ministers of the European Union (EU) approved Monday a new deal on providing Washington with data of passengers on...

Deals

Barclays reaches deal with China, Singapore in ABN bid

Britain's Barclays Bank has reached a deal with China and Singapore making the two governments major shareholders in preparation for...

Transport

Aeroflot approves deals to buy Airbus, Boeing planes

The board of directors of Russia's flagship airline Aeroflot approved Monday the purchase of two new long-range Airbus 350XWB passenger...

Deals

China buys stake in Barclays in ABN twist

The heated battle for Dutch bank ABN Amro has taken an unexpected twist this morning after Barclays raised its offer...

Interview

Russia’s new round of WTO talks to start in Geneva Monday

Russia's delegation will begin Monday a new round of bilateral and multilateral talks on accession to the World Trade Organization...

Deals

BSR Europe in talks to join Romanian, Kazakh projects

The Israeli company will finance the deals with the NIS 600-700 million ($142-165 million) in proceeds from the sale of...

Telco

World Bank to grant $200 million to Ukrainian power projects

The World Bank (WB) will issue a $200 million loan to Ukraine to rehabilitate its power system, a spokesman for...

Retail

Average wage in Russia tops $500/month

The average gross monthly wage in Russia in June was 13,810 rubles, that is, more than $500, according to Rosstat,...

Automotive

European Commission endorses €32 million aid to Kia Motors Slovakia

The European Commission has authorized under EU state aid for regional development rules ad hoc aid of €32 million ($44...

Construction

Hungary’s construction sector output up 4.1% on year

Data from Hungary's Central Statistical Office (KSH) shows that the country's construction sector output rose by 4.1% year-on-year in 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...