Business

Pharma

LG center opened in Budapest

The first Central-European air-conditioning technology retraining center of South Korean electronics company LG Electronics Inc opened in Budapest yesterday....

Interview

France says no European deal done on IMF boss

France, tipped by some to field a potential successor for IMF chief Rodrigo Rato, said on Thursday it believed no...

Automotive

Avtovaz plans to set up JV with Fiat for engine production

AvtoVAZ plans to establish a joint venture to produce engines with Italy's Fiat, the Russian carmaker's head said Thursday....

Pharma

Emerging economies power Audi sales to new record

Luxury German carmaker Audi AG raced ahead by 9.8% to a hit a new record during the H1 of the...

Competition

Hydro reported to financial prosecution authority

Norwegian oil and gas player Hydro has been reported for possible breach of the securities trading act in connection with...

Deals

BP-Shell merger could be on the cards

Media reports are surfacing stating that UK oil titan BP and its fellow player Shell could be planning a friendly...

Deals

GE and Helios strike €175 mln deal in Romania

GE Real Estate Central & Eastern Europe and Helios Phoenix have created a JV to undertake €175 million ($238 million,...

Automotive

Assembling a future – report

Slovakia's low wages, tax breaks are likely to bring yet more companies to join VW and others amid a bustling...

Telco

German cabinet approves plan to balance budget by 2011

The German cabinet on Wednesday approved the 2008-2011 budget plan that was aimed to cut government borrowing and balance the...

Retail

British Dawnay to invest in Satu Mare, Romania

Atrium Centers, controlled by Dawnay, Day PanTerra, has recently acquired 2.7 hectares of land in Satu Mare in order to...

Telco

Moody’s upgrades Rosneft to Baa1

International rating agency Moody's said Wednesday it had upgraded its Issuer rating of Russia's state-controlled crude producer Rosneft from Baa2...

Transport

Wizz Air launches new routes from Poland to UK

Wizz Air announced today that it would further expand its route network from Poland by launching new flights from Wroclaw....

Deals

EBRD takes equity stake in KazInvestBank

The EBRD is taking an equity stake of up to 25% in KazInvestBank, valued at up to 2.5 billion Tenge...

Automotive

Amtek Auto plans to expand in European market

Indian auto parts maker Amtek Auto Ltd is eyeing two more acquisitions in Europe and plans to spend $150 million...

Transport

Jordan: RJ to operate nonstop to Budapest starting with end of July

Vice President/Marketing, Sales and Services Hussein Dabbas said that the twice-weekly service is bound to increase in light of the...

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...