Business

Competition

New profits in Europe

Martin Weiss, Ph.D. takes a look at Europe and its expanding marketplace. In this issue of Money and Markets, he...

Deals

Global shine to gold market

In what is being widely seen as a major step in globalizing the Shanghai gold market, the People’s Bank of...

Automotive

Peugeot plans to sign deal on car production in Russia

Russia's economics ministry and French carmaker Peugeot-Citroen plan to sign an investment agreement on industrial production of Peugeot cars in...

Pharma

Hungary, Iran discuss issues of interest

Iran and Hungary in Budapest on Wednesday discussed issues of mutual interest and the most pressing regional and international developments....

Competition

EU visa information system to help prevent visa shopping

The European Parliament backed a regulation setting up a database for exchange of data between Member States on short-stay visas...

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...

Automotive

Hungary industrial production rebounds in April

Hungarian industrial gross output gained 10.6% on year in April, after rising 4.3% in March, preliminary data from the statistical...

Automotive

Toyota’s worldwide hybrid car sales top 1 mln

Toyota Motor Corp., Japan’s biggest carmaker, said it had sold more than 1 million gasoline-electric hybrid cars, five times as...

Retail

Tesco plans to storm the stores of America

Tesco is trying to break into the American grocery store market, hoping to succeed where Sainsbury's and Marks & Spencer...

Deals

BT and HP expand alliance in outsourced IT, net services

Citing growing customer demands for standardized and flexible collaborative IT and network services around the globe, HP and BT are...

Deals

EU Parliament home gets high-speed train

The new line is part of what planners foresee as a network of high-speed railways stretching from Barcelona in northeastern...

Interview

WTO head Lamy wants G8 to become “G20”

World Trade Organization head Pascal Lamy said Thursday that he would like to see the G8 expand and accept as...

Ecosystem

OECD forms nanotechnology unit

Governments around the world spend about $4 billion a year on research into nanotechnology - the science of the small...

Interview

Member states want EU fair play on tax

European finance ministers yesterday failed to agree on new rules for examining unfair tax competition between member states, after protests...

Interview

Luxembourg vetoes EU VAT reform

At the EcoFin Council meeting yesterday in Luxembourg, Luxembourg's Minister of Treasury and Budget voted against the planned VAT reform....

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...