Business

Deals

Hungary hoping to thwart takeover plans of MOL oil company by Austria’s OMV

Hungary is hoping to block Austrian energy company OMV AG from taking over Hungarian oil and gas producer MOL Nyrt,...

Automotive

Russian tycoon buys stake in Australia’s Medusa Mining

Gallagher Holdings Ltd., an investment company owned by Russian billionaire Alisher Usmanov, has bought a 12.32% stake in Medusa Mining...

Interview

Blair hands over power to Brown in UK

British Prime Minister Tony Blair was showered with tributes on Wednesday as he handed over power to finance minister Gordon...

Pharma

Hankook starts operations at Dunaújváros; first European tire plant

Hankook Tire has started production at its new €500 million ($671.7 million) production facility in Dunaújváros, Hungary. Construction at the...

Deals

GE Real Estate and Helios Phoenix create €175mln Romanian warehouse development joint venture

GE Real Estate Central & Eastern Europe and Helios Phoenix have announced the creation of a joint venture to undertake...

Competition

Aeroflot pulls out of Alitalia bid

Russia's Aeroflot has pulled out of the bid for a controlling stake in Italy's ailing state-controlled Alitalia Airlines, Russia's flagship...

Pharma

US creates three centers for research on biofuels: report

The US Energy Department is creating three bioenergy research centers to find new ways to turn plants into fuel, The...

Pharma

Hungary’s Genesis announces major plant plans

Genesis Energy Investment Nyrt will build a solar panel factory about €100 million ($134.5 million) investment, making use of the...

Deals

Day of records at Hungarian bourse – extended

Budapest Stock Exchange (BÉT) rose by 836.9 points to a historical record of 29.441 points yesterday. Over 90% of the...

Pharma

Shell appointed King Sturge to acquire sites for gas stations around Poland

Shell is interested in acquiring plots in Poland's big cities and on major intercity routes....

Competition

Reva Health Network generates $1 mln of medical tourism business every week

Reva Health Network, the world's leading Medical Tourism search engine, generates in excess of $1 million of business for hospitals...

Deals

Rosneft to buy former Yukos filling stations for $630 mln

Russia's state-controlled oil giant Rosneft said Tuesday its subsidiary Neft-Aktiv would purchase a network of filling stations owned until recently...

Telco

Agip invests €7 mln in five new filling stations in Romania

Agip Romania, the domestic branch of the Italian petroleum group Eni SpA, will invest approximately €7 million ($9.4 million) in...

Automotive

MOL signs €2 mln contract with Dacia

MOL Romania, the domestic branch of the Hungarian petroleum group MOL, has signed an approximately €2 million ($2.7 million) contract...

Interview

Polish nurses pitch camp to protest starvation wages – extended

She has worked 29 years day and night, on holiday and weekends caring for patients - yet Elzbieta, a Polish...

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...