Business

Deals

Global gold demand reaches $17.4 bln in Q1

Global demand for gold reached $17.4 billion in the first quarter of 2007, up 22% from the same period last...

Retail

Dell plans to cut 10% of workforce and reports moderate performance recovery

Dell, which surrendered the position as the top global PC maker to Hewlett-Packard in the second half of 2006, today...

Pharma

KKCG Investments acquires over 5 % in Unipetrol

KKCG Investments of KKCG group of entrepreneur Karel Komarek has acquired over 5% in Unipetrol and has become one of...

Telco

Finance Minister promises simpler taxes for businesses

The government is about to simplify the tax reporting system for corporations in 2008, Finance Minister János Veres said at...

Interview

Czech Republic rebuffed over budget deficit

The Czech Republic got bad marks for failing to curb its budget deficit with the Commission urging the country to...

Deals

ThyssenKrupp open steel service center in Poland

ThyssenKrupp Stahl-Service-Center GmbH, a subsidiary of ThyssenKrupp Steel AG, will serve important markets in Eastern Europe from a service center...

Automotive

Auto makers see huge potential in Russia

Russia's large auto market has huge growth potential as middle class income rises in the former communist country, Canadian Scotiabank...

Deals

Ryanair buys £1 bln of new planes

Budget airline Ryanair is to buy 27 new planes in an order worth nearly £1 billion ($1.97 billion)....

Competition

Volvo C70 and Saab 9-3 earn first-ever top safety pick designation for convertibles

The Insurance Institute for Highway Safety has released its first crash tests of convertible models....

Automotive

Ford dismisses reports of Volvo sale

Loss-making auto giant Ford has dismissed reports that it was mulling a sale of its subsidiary Volvo Cars to BMW,...

Interview

Czech government to appeal EU farm products fine

The Czech government said Wednesday it would lodge an appeal with the European Court of Justice against a European Commission...

Competition

Terabit network arrives in Hungary

Cisco® today announced that Magyar Telekom has upgraded its Internet Protocol (IP) backbone network as part of the telecommunications company’s...

Automotive

MG TF sports cars again produced in England

The Nanjing Automobile Corporation (NAC) held a grand ceremony Tuesday to celebrate the restart of production of MG TF sports...

Interview

US could lift trade barriers with Russia next year

A senior Russian lawmaker said Wednesday that a Soviet-era rule restricting trade with Russia could be lifted by Washington as...

Sustainability

US home prices fall for first time since 1991

Data through March released today by S&P’s Case-Shiller Home Price Indices, the leading measure of US home prices, shows negative...

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...