Business

Transport

Favorable exchange rates will increase travel to Eastern Europe this summer

Summer vacation bookings to Eastern Europe are skyrocketing, says AAA, North America’s largest full-service leisure travel agency....

Deals

European stocks rise, led by oil producers

BT Group shares slip as revenue comes in shy of expectations; European stocks rose at midday Thursday, led by oil...

Deals

Antitrust agency could thwart Yukos asset buyer Prana

The Prana group, the mystery buyer of various assets of bankrupt oil company Yukos, could see its acquisition blocked by...

Automotive

Chery to join hands with Israeli company to explore European, US market

Chinese carmaker Chery Automobile plans to set up a joint venture with an Israeli company in its attempt to explore...

Deals

Greece’s Marfin IG to raise €5.19 bln for investments

Marfin Investment Group announced details of its proposed rights issue to raise up to €5.19 billion ($7 billion), which will...

Transport

Ryanair gives away one million free flights

Low-cost airline Ryanair has launched an unprecedented bid to win customers by giving away one million free flights....

Retail

Auchan to open second outlet in Romania

French retailer Auchan has said it will invest €40 million ($54.4 million) on its second outlet in Romania, which will...

Interview

Marsh gross wages up 8.4% y/y in Hungary

Hungary's Central Statistical Office on Thursday said that gross average wages rose by 8.4% year on year in March, reducing...

Interview

Nigerian military to buy 15 subsonic planes from Czech Republic

The Czech Republic is negotiating with the Nigerian military for the purchase of redundant L-159 subsonic planes from the Czech...

Pharma

US Steel eyes overseas expansion

US Steel Corp. is looking for growth possibilities in Europe, where it wants to expand its product mix to serve...

Deals

Hirschmann’s managers lead €115 mln buyout

Managers at the industrial networking specialist Hirschmann Electronics have bought the company from its parent, Rheinmetall, with the backing of...

Interview

Switzerland rules out negotiations with EU on tax row

Switzerland has rejected formal negotiations with the European Union in a bid to resolve a controversy over the country's corporate...

Competition

Russia: Regulator approves Rosneft’s purchase of Yukos assets

Russia’s anti-monopoly authority informed yesterday it would approve state-controlled crude producer Rosneft’s acquisition of Yukos assets purchased at the bankrupt...

Deals

Total makes bid for Esso’s Caribbean businesses

French integrated energy giant Total, the fourth largest oil company in the world, is bidding to purchase Esso’s Caribbean operations,...

Telco

Rosneft subsidiary buys Yukos non-core assets for $70 mln

Neft-Activ, a subsidiary of state-controlled Rosneft oil company, bought Wednesday the latest lot of Yukos non-core assets for 1.8 billion...

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...