Business

Pharma

UNHCR establishes service center in Budapest

The Office of the UN High Commissioner for Refugees (UNHCR), Headquartered in Geneva, Switzerland, selected Budapest to be the place...

Deals

London auction houses launch record Russian art sale

A series of auctions featuring imperial and avant-garde art from Russia kicked off in London this week with Sotheby's holding...

Pharma

Spanish Sedesa sets out for Sávoly

One of the largest Spanish property investment companies Sedesa is to carry out a giant investment in the vicinity of...

Transport

SAS to sell airline units to cut costs

Scandinavian Airline System said it would sell several units, including Spanair, in an effort to save $400 million between now...

Automotive

China’s automobile production & sales increased more than 20%

From January to May Chinese production and sales of automobiles went up by 21.32% and 22.03% more than in the...

Automotive

European Commission to test hydrogen car

The European Commission has received an environmentally friendly car for testing, Commission spokesman Maximilian Strotmann said Wednesday....

Deals

Serbia plans to sell oil monopoly, JAT this year

Serbia will put its NIS oil monopoly and JAT airline up for sale this year, and in the meantime will...

Competition

EU to invest €4 mln into harmonizing Russian, European sanitary standards

The European Union is to invest €4 million ($5.34 million) into a project to harmonize European and Russian sanitary and...

Deals

Rompetrol to start biofuel deliveries in Romania

Rompetrol Rafinare to start delivering Euro 4 grade diesel fuel with a 2% biodiesel content to its domestic market starting...

Telco

Hungary’s Magyar Telekom plans streamlining

Magyar Telekom (MT), a company group of 50 subsidiaries, is planning consolidation, said President-CEO Christopher Mattheisen at a press conference....

Transport

EU data competition office criticizes states for sacrificing privacy rights

European Union governments are sacrificing their citizens' privacy in the fight against international terrorism, the bloc's top data protection official...

Deals

Enel purchases stake in Electrica Muntenia Sud

Enel has signed a contract on the purchase of a 67.5% stake in Romanian national electric energy supplier Electrica Muntenia...

Interview

MEPs and members of national parliaments discuss the future of Europe

More than 150 members of the European Parliament and EU national parliaments gathered in Brussels on Monday to discuss the...

Competition

T-Mobile Hungary expands 3G/HSDPA network

Customers of the market leader mobile operator can now browse on the web in even more cities at data speeds...

Deals

Aura adds to Romanian properties

Aura Investments of Ramat Gan continues to expand its presence in Eastern Europe, announcing on Monday that it plans to...

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...