Business

Automotive

American firm to convert cars to electric power

A suburban Cincinnati company plans to convert gasoline-burning cars to electric power and sell them for under $50,000, the company's...

Automotive

Green light for NYC’s yellow cabs to go hybrid

This city's mayor says the signature yellow taxis will all be running on hybrid power by 2012 to reduce air...

Pharma

The Linde Group to increase gas supply to BorsodChem

The technology group The Linde Group and the leading Hungarian chemical company BorsodChem Zrt have agreed to expand their cooperation...

Competition

Skanska terminates use of high-priced tokens

Entrust IdentityGuard's simple grid card-based authenticator to replace competitor's high-priced tokens....

Deals

New corporate signature unites the two companies: StatoilHydro

Statoil and Hydro have approved the corporate signature for StatoilHydro....

Deals

Google invests in genetics firm

Google has taken a stake in a biotech company co-founded by the wife of one of the search engine giant's...

Pharma

AvtoVAZ, Magna carmakers to sign JV deal in Austria

Russia's largest carmaker AvtoVAZ and Canadian-based manufacturer Magna will sign an agreement in Vienna Wednesday to form a joint venture...

Deals

Acquisition of the City Gate building in Bratislava, Slovakia

The Orco Property Group, a leading investor, developer and asset manager in the Central European real estate and hospitality market,...

Pharma

Brazil’s Petrobras to build ethanol export pipeline

Brazil's state-owned oil and gas company Petrobras announced on Tuesday that it would begin building ethanol export pipelines following the...

Pharma

Canadian investments hit Hungary

According to the statistics of the Hungarian National Bank (MNB) Canadians have been quite reserved in investing in Hungary so...

Interview

Italian Treasury may sell full stake in national carrier Alitalia

Italian Treasury said Tuesday that it may sell its full 49.9% stake in national carrier Alitalia under the right conditions....

Deals

Egis reported total sales in fiscal year 2005 worth $377.2 mln

Research and Markets has announced the addition of "Egis Generics Company Intelligence Report" to their offering....

Deals

KazMunaiGaz to sell refined products to world markets

Kazakhstan intends to sell refined products, not only crude, in the world markets. This is, undoubtedly, more profitable....

Deals

MOL reportedly in talks to buy Tifon retail network in Croatia

Tifon has a significant presence in Croatia, with a network of 33 petrol stations, participating with 8% of the region's...

Deals

Poland’s Pizza Hut swallowed the Russian One

The operator of KFC and Pizza Hut restaurants in Poland, AmRest Holdings has announced the takeover of Pizza Hut franchisee...

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...