Business

Retail

Tesco launches retail test lab in India

Tesco Hindustan Service Centre (HSC), a global services arm of Tesco, has unveiled Tesco´s first Retail Test Lab in India...

Transport

Romanian property investors receive boost with budget airline expansion

Two budget airlines have announced an expansion to their presence in Romania - something that could prove to be of...

Pharma

AVIC I plans to buy Airbus plants

China could enter Airbus' "Tier 1" international supply team as China Aviation Industry Corp I (AVIC I) has vowed to...

Transport

Ural Airlines buys five Airbus passenger planes

Russia's Ural Airlines said Wednesday it had signed a contract with European aviation giant Airbus to buy five A320 passenger...

Pharma

Cemex to invest further billions

Mexican cement manufacturer Cemex is doubling its Budapest unit presently employing 300 office workers, and managing most of the company's...

Competition

Romania: Liberalization of energy, natural gas markets

The Romanian Government approved on Wednesday the full liberalization starting July 1, of the energy and natural gas markets....

Automotive

MOL to start production near Monor

Hungarian oil company, MOL Nyrt's management decided recently to add a new production field in the vicinity of Monor and...

Deals

China calls for currency fairness

China has called into question international efforts to tackle currency manipulation by saying poorer countries must be treated fairly....

Sustainability

Polish company to build €77 mln mall in Bulgaria

Polish company Globe Trade Center (GTC) will enter the Bulgarian real estate market with the construction of a €77 million...

Transport

Aeroflot signs contract to buy 22 Airbus jets

Russia's flagship airline Aeroflot said Wednesday it had signed a contract with European aviation giant Airbus to buy 22 A350...

Deals

IMF warns on growing risks in financial markets

IMF chief Rodrigo Rato yesterday warned that some investors are rushing with 'reckless disregard' into increasingly risky assets around the...

Automotive

Google unveils hybrid vehicle initiative

Not content with powering the internet revolution, technology giant Google has unveiled a hybrid vehicle initiative that could double the...

Pharma

British Telecom settles in Debrecen

Telecom and IT giant British Telecom (BT) will open a regional center in Debrecen, in Hungary....

Retail

RusAl to set up JV with Areva for equipment production

Russia's newly-created aluminum giant United Company RusAl said Tuesday it would set up a joint venture with France's Areva to...

Deals

Israeli Nanette Real Estate raises NIS 214 million in debt placement

Housing developer Nanette Real Estate Group yesterday raised NIS 214 million ($52.8 million) through a private placement of debentures with...

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...