Business

Competition

Economy ministry wants Ft 30bln for GSM licenses

The Economy Ministry is asking for Ft 10 billion plus VAT (€40.5 million plus VAT) each from Pannon GSM Távközlési...

Automotive

Britain worse than Eastern Europe for car safety system

A SAFETY system which helps avoid accidents is fitted as standard in fewer new cars sold in the UK than...

Automotive

Hybrid cars increasingly popular in Germany

Nearly one third of consumers in Germany are planning to buy a hybrid vehicle as their second car, a consumer...

Deals

Tagor, Patron Capital to invest $75 million in Romania

Israeli Tagor Capital Ltd. has signed a four-year cooperation deal with the UK-based real estate fund Patron Capital to invest...

Interview

EU to support Russia’s WTO bid, ‘but not at any price’

The European Commission on Friday denied that it was seeking to block Russian membership of global free trade pacts, but...

Automotive

Kia Motors swings to Q1 loss on strong currency, line shutdown

Kia Motors Corp. posted its third straight quarterly loss Friday, hit by a stronger South Korean currency, production losses from...

Deals

Bathroom furniture brings €5 mln to Arthema

Temesvár (Timisoara) -based Arthema, a producer of bathroom furniture, has estimated an approximately €5 million ($6.78 million) turnover for this...

Deals

Zoltek reports continued acceleration of growth trends in Q2

Zoltek Companies, Inc. today reported continued strong gains in sales and results of operations for the Q2 of its 2007...

Deals

Share sale of MOL manager

Boardmember of MOL Nyrt sold 25% of his shares at the end of April, the company announced on the website...

Pharma

Alcoa announced expansions

Alcoa announced the completion of multiple global manufacturing expansions during an Alcoa Aerospace industry briefing where company executives outlined aerospace...

Competition

Russia’s Norilsk Nickel to make cash offer for Canada’s LionOre

Russia's metals giant Norilsk Nickel said Thursday it will make a Ca$5.3 billion ($4.8 billion) offer to buy the Canadian...

Deals

AIG to buy Bulgaria’s Telco BTC

US insurer AIG has acquired a majority stake in the Balkan country's dominant telecom firm BTC, the company announced on...

Competition

Immigrants boost Irish economy by €5 billion

Immigrants, who have grown to 10% of Ireland's population over the last 15 years, contributed €5 billion ($6.8 billion) to...

Automotive

Shanghai dawn for German concept cars

The importance of the Chinese car market has never been more overtly acknowledged than this week, when both Audi and...

Transport

Putin signs order to form Russia’s second-biggest airline

Russian President Vladimir Putin on Wednesday signed an order establishing a new airline that is to be the country's second-biggest...

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...