Business

Deals

New Zealand competition office lays cartel charges on European firms

New Zealand's competition office Commerce Commission announced Wednesday that it was taking legal action against three European companies, alleging they...

Pharma

Airbus begins building first plant outside Europa

Airbus broke ground Tuesday in China on its first factory to produce finished aircraft outside Europe....

Competition

Reuters agrees to $17.2 bln Thomson takeover

Reuters agreed today to a $17.2 billion takeover by Thomson that would vault the combined entity ahead of Bloomberg to...

Competition

EU visa information system to help prevent visa shopping

The Civil Liberties Committee approved on Monday a regulation setting up a database for exchange of data between Member States...

Transport

Europe’s promise: Very light jets

Very light jets are coming to Europe - but are the continent’s congested airports and crowded airspace ready for this...

Deals

Little cars flex in the city

Suzuki and Opel / Vauxhall have announced new versions of their mini-people movers which will be launched next year....

Retail

Aral reports successes of PayBack partnership

The first twelve months of the partnership between German fuel retailer Aral and the popular PayBack loyalty coalition have been...

Interview

Czech, Italian PMs differ on EU constitution

Italian Prime Minister Romano Prodi did not agree with his Czech counterpart Mirek Topolanek on the issue of EU constitution,...

Competition

World Bank board to decide Wolfowitz’s fate today

The World Bank executive board will meet with World Bank President Paul Wolfowitz on Tuesday to decide his future, the...

Deals

Ascent Resources provides update of drilling activities in Hungary

Ascent Resources Plc, the AIM traded oil and gas exploration and production company, through its Hungarian subsidiary PetroHungária Kft has...

Pharma

Arrow Electronics partners with Orion Electronics in Eastern Europe

The North American Components (NAC) business of Arrow Electronics, Inc. today announced it has established a manufacturing, logistics and supply...

Deals

MOL reportedly in talks to buy Tifon retail network

Hungarian oil group MOL is reportedly negotiating the acquisition of Croatian petrol retailer Tifon. Reuters has cited a Croatian daily...

Competition

Microsoft says open source violates 235 patents

Microsoft claims that free and open-source software violates more than 230 of its patents, according to a magazine report published...

Deals

Cerberus to purchase 80% Chrysler stake

In a deal to end nine unhappy years of marriage between Chrysler and Mercedes, DaimlerChrysler AG announced early this morning...

Deals

CEZ expands into southeastern Europe

Czech utility CEZ aims to enhance its position as a tier one energy company by focusing on the Balkan states...

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...