Business

Deals

Private capital flows to developing countries hit new record in 2006: report

Net private capital flows to developing countries reached a record $647 billion in 2006, although the rate of growth of...

Interview

EU will not unconditionally accept terms to restart WTO talks

The European Union will not unconditionally accept terms to resolve the deadlock of the free-trade talks of the World Trade...

Transport

Wizz Air introduces all inclusive fares

Wizz Air, central & eastern Europe's largest low cost-low fare airline, yesterday announced its move to an all inclusive pricing...

Interview

Poland seeks more foreign investment

Poland's government is trying to create a friendly environment to lure more foreign investment, which totals about $15 billion a...

Telco

Hankook aiming for doubled euro sales by 2010

With opening of Hankook Tire's £340 million ($676 million) facility in Dunaújváros, Hungary scheduled for June, the South Korean manufacturer's...

Deals

Japan to launch new high-speed train

A new high-speed train capable of traveling at speeds up to 285 km/h (177 mph) will enter service in Japan...

Deals

Finnish Rautaruukki acquired 80.7% share in Hungarian Aprítógépgyár

Rautaruukki Corporation acquired an 80.7% share in the Hungarian company Aprítógépgyár Zrt (AGJ) from the Hungarian sellers. The transaction was...

Deals

Royal Bank of Scotland led consortium makes bid for Dutch financial services group ABN Amro

The consortium of banks led by Royal Bank of Scotland Group PLC said today that it will move ahead with...

Pharma

Ericsson sets up new Global Service Delivery Center in Romania

Ericsson is announcing today a new Global Service Delivery Center to be opened in Bucharest, Romania, in July 2007....

Automotive

Ford reported to be considering sale of Volvo

Loss-making US auto giant Ford was reported to be mulling a sale of its subsidiary Volvo Cars, according to newspaper...

Deals

Chevron signs agreement to sell Benelux Fuels marketing business to Delek

Chevron Corporation announced the signing of an agreement by its subsidiaries in Belgium, the Netherlands and Luxembourg (Benelux) to sell...

Competition

Gas and oil fields up for sale in Russia

Seven gas and oil fields in the Irkutsk region will go up for auction on 31 July....

Pharma

UK companies outward investment stays closer to home

Central and Eastern Europe have fallen out of favor with British companies investing on the Continent, according to a survey...

Deals

Israeli Aura and partner in $23 mln Bucharest project

The companies plan to build 200 apartments in the city's Militari district....

Competition

EU launches privacy probe into Google’s Internet search engine

An independent panel of the EU has launched a probe into whether US-based Google Inc.'s Internet search engine violates EU...

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...