Business

Deals

Russian billionaire Abramovich buys gold mine in Chukotka

Millhouse Capital, an investment vehicle for Russia's number one on the Forbes list, Roman Abramovich, has bought its first gold...

Automotive

Eurozone industrial production up 0.9% in May

Industrial production in the eurozone picked up by 0.9% in May, compared to the previous month, the European Union's statistics...

Deals

Rosneft and Aeroflot sign cooperation agreement

Russian Airlines – Aeroflot and oil company Rosneft have signed a general agreement on strategic partnership and cooperation, according to...

Retail

Euro Puppy is on a roll – Euro Puppy offers higher quality, more value than ever

Euro Puppy is the market leader, number one puppy finder in the world. Euro Puppy recently launched a Worldwide Lifetime...

Deals

Almunia calls for Latvian fiscal discipline

The European Union's monetary chief, Commissioner Joaquin Almunia, added his voice on Thursday to calls for Latvia to step up...

Deals

Italian public debt hits new record high

Italy's public debt, which is already the third highest in the world, hit a fresh record level in April, the...

Deals

Cargill to acquire full ownership of Hungary’s Agrograin

Cargill has begun the process of acquiring full ownership of Agrograin, one of the leading grain and oilseeds trading and...

Pharma

Is hydrogen really the fuel of the future?

The Statoil petrol station in the Stavanger (Norway) suburb of Forus is on first impressions unremarkable....

Automotive

Toyota, Isuzu to jointly build new diesel engine

Toyota Motor Corp. and Isuzu Motors Ltd. plan to set up a joint corporation to produce next-generation environmentally friendly diesel...

Deals

Hungary’s MOL continues share purchases

Hungarian oil and gas giant MOL Nyrt purchased 158,824 treasury shares yesterday at the Budapest Stock Exchange (BÉT) at an...

Transport

Lufthansa moves to boost Russian business with AirUnion deal

German airline Lufthansa AG moved Wednesday to boost its ties in Russia's booming economy by announcing that it had agreed...

Automotive

Porsche borrows €10 billion to pay for Volkswagen stake

Porsche AG, maker of the 911 sports car, borrowed $13.7 billion from 37 lenders to finance its purchase of Volkswagen...

Interview

Poland’s Lepper slams PM, says will return to cabinet

Andrzej Lepper, Polish deputy prime minister and agriculture minister, whose recent dismissal by President Lech Kaczynski has provoked a government...

Pharma

Richter inaugurates $9 mln logistics centre in Romania

Gedeon Richter Romania on Tuesday inaugurated its pharmaceutical logistics centre located in Corunca, Mures County....

Retail

Cargill acquires Agrograin

US agricultural giant Cargill is buying out Hungarian Agrograin Zrt – reports daily Napi Gazdaság....

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...