Business

Deals

Russia’s UES to sell stakes in OGK-4, TGK-1 in July

Russia's electricity monopoly Unified Energy System intends to sell majority stakes in wholesale generating company OGK-4 and territorial generating firm...

Competition

Ericsson and Redback collaboration lands new sales worldwide

Ericsson and its wholly-owned subsidiary Redback Networks today announced they had won a series of new international deals in the...

Interview

V4 countries criticize statements on postponed Schengen entry

Representatives of some EU countries should not challenge the enlargement of the Schengen area, which the new EU members are...

Competition

ING Groep to acquire Turkey’s Oyak Bank for €2 bln

Dutch bank ING Groep NV will buy Turkey's Oyak Bank for €2 billion ($2.67 billion), the Turkish bank said in...

Pharma

Unipetrol reports 26% increase in fuel retail sales

Czech petrochemicals company Unipetrol informed that revenues increased after the company divested its Spolana activities....

Ecosystem

Brussels could demand Hungary farm support refund

Hungary could be forced to pay back billions of forints to Brussels if the European Union's suspicions that it drew...

Pharma

Transneft to develop existing oil terminal bypassing Belarus

The head of Russia's Transneft said Monday the pipeline monopoly would develop the existing terminal of an oil pipeline that...

Deals

Russia, Germany, Poland, Belarus set up rail JV

Russian Railways, the country's rail monopoly, said Monday it had set up a joint venture with Germany, Poland and Belarus...

Deals

Alitalia says Aeroflot’s bid for controlling stake still on

Italy's ailing air carrier Alitalia has denied that Russia's flagship airline Aeroflot pulled out of its bid for a controlling...

Competition

Airbus announcing Qatar, Emirates deal

European aircraft manufacturer Airbus dominated the opening of the world's largest aviation fair, the Paris Air Show, by announcing several...

Deals

EU threatens exclude Gazprom from Nord Stream project

Gazprom may be forced out of the Nord Stream gas pipeline project, said Neelie Kroes, the European Commissioner for Competition....

Automotive

Huge potential for China-Russia trade in vehicles, auto parts

There is huge potential for cooperation between China and Russia in the automotive trade, an official with the Ministry of...

Pharma

Peugeot center to open in Sofia – Bulgaria

Local Peugeot dealer Sofia France Auto will inaugurate in July a €12 million ($16 million) multi-purpose center on Sofia's Botevgradsko...

Telco

Plambeck Neue Energien AG founds JV for wind-farm projects in Hungary

The wind-farm developer Plambeck Neue Energien AG, Cuxhaven, and GM Umwelt- und Energiewirtschaft GmbH, Dresden, are founding a joint venture...

Transport

The battle of the North Atlantic

Europe is allowing more competition, but 'dogfights' continue....

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...