Business

Deals

MOL rumors fuel bourse trading in Budapest

Approximately 70% of yesterday's Ft 53 billion ($292.7 million) trading volume at the Budapest Stock Exchange involved the shares of...

Sustainability

Westhill to invest €100 mln in Romanian retail projects

Westhill, a British provider of consulting and real estate development services, is set to invest €100 million ($135.3 million) in...

Deals

Fitch upgrades Rosneft to BBB-, outlook positive

Fitch Ratings upgraded Monday Russia's state-controlled oil company Rosneft's long-term foreign and local currency ratings from BB+ to BBB-, with...

Sustainability

Negative prospects for emerging markets

Despite US economic growth slowing down, upcoming regions are seeing a favorable global environment, with inflation at bay....

Deals

Microsoft to introduce test versions of free services

Microsoft will introduce test versions of two new free services: Windows Live Folders and Windows Live Photo Gallery, media reported...

Deals

Lukoil plans spinning off low-margin assets into new company

Russian oil major Lukoil plans to spin off its low-margin assets into a separate company, Lukoil President Vagit Alekperov informed...

Deals

OMV seeks €13.5 bln credit from JP Morgan, Barclays for MOL purchase

OMV AG is in talks with JP Morgan and Barclays on arranging a credit line of €13.5 billion, enough for...

Office Market

Hungarian Arcadom to build new Pannon HQ

Hungarian-owned Arcadom construction company will, as the main-contractor, build the new headquarters of local mobile carrier Pannon in Törökbálint, in...

Automotive

EU to debate 162km/h speed limit for all new cars

Could the age of the fire-breathing sports car be coming to an end? With cars like the Bugatti Veyron and...

Transport

Air France-KLM, China Southern plan to establish cargo JV

Air France-KLM Group and China Southern Airlines agreed to have exclusive discussion over the creation of a cargo joint venture...

Deals

New World Bank head to help bank’s reputation – Russian official

Robert Zoellick, the World Bank's new president who assumed office July 1, will help normalize the bank's work after a...

Interview

Portugal takes over EU Presidency

Portugal is taking over the presidency of the European Union for the H2 of this year with three main priorities...

Deals

Rosneft wants to catch up with world’s mayor energy companies

State-controlled Russian oil extraction company Rosneft intends to catch up with the world's mayor energy companies within the next few...

Automotive

Boeing signs with Chinese suppliers new contracts worth half billion dollars

US aviation giant Boeing on Friday announced agreements with Chinese suppliers for the production of commercial aircraft parts and components,...

Ecosystem

Hungarian research receives EIB funding boos

Hungary is to receive €165 million from the European Investment Bank (EIB) for research, development and innovation dissemination projects....

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...