Business

Automotive

Audi picks its plant in Hungary for new A3 vehicle

German car manufacturer Audi AG will manufacture its new A3 Cabriolet at its plant in Győr, western Hungary, the company's...

Pharma

HCL Tech opens European delivery center in Poland

HCL Technologies (HCL) has announced the opening of its second European outsourcing facility with the establishment of a delivery center...

Deals

Deutsche Bahn ‘sniffing around’ Hungary’s MÁV Cargo – extended

The acquisition of the UK's largest rail freight operator and purchase of a stake in a Spanish logistics company have...

Automotive

Volkswagen sees 25% profit rise this year

Volkswagen AG's JV with First Automotive Works Corp (FAW), one of the top Sino foreign car partnerships, expects its 2007...

Deals

Europe’s west still best at attracting inward investment

Fears of investment being diverted from a high-cost EU into Eastern Europe and India are challenged by a new study...

Transport

Russia’s S7 Airlines to join international OneWorld alliance

Russia's S7 Airlines said Thursday it is currently in negotiations with British Airways over the possibility of joining the international...

Interview

US moves to ease cost burden for European company listings

White House National Economic Council director Al Hubbard signaled Thursday American moves to help pave the way for European companies...

Interview

IMF chief to resign for personal reasons – extended

Rodrigo Rato, the managing director of the International Monetary Fund, announced Thursday he would resign in October for personal reasons....

Automotive

General Motors to sell transmission unit for $5.6 billion

General Motors Corporation will sell its Allison Transmission unit to investment firms Carlyle Group and Onex Corp for $5.6 billion,...

Deals

ARQUES Austria takes over internationally operating Rohé Group

ARQUES Austria, the Austrian subsidiary of the Starnberg-based equity investment company, ARQUES Industries AG, has taken over all shares in...

Deals

UNIQA takes over Romanian Astra insurance

The Austrian insurance group UNIQA has taken over the Romanian insurer Astra S.A., UNIQA said in a press release on...

Deals

Russian pipeline operator Transneft fined by regulator

Russia's industrial safety regulator will fine pipeline monopoly Transneft after finding 15 violations in the company's East Siberian oil pipeline...

Deals

US SEC launches investigation against financial products – extended

The US Securities and Exchange Commission has opened about a dozen investigations involving complex bundled financial products, The Wall Street...

Deals

Current account deficit remains solid – Hungary

The current account balance deficit in Q1 2007 is estimated at €1.2 billion ($1.6 billion) on average by market analysts...

Pharma

Vodafone signs on giant investment

Premier Ferenc Gyurcsány and John Bond, the director of the Vodafone-group, signed an agreement yesterday about the mobile giant moving...

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...