Business

Deals

Citigroup to acquire Bisys to expand hedge-fund services

Citigroup Inc., the biggest US bank, agreed to buy Bisys Group Inc. for €1.08 billion ($1.47 billion) to expand the...

Deals

Hungarians look to invest $200 mln

Hungarian MOL is ready to become a strategic partner in a project to build a gas storage facility in northern...

Deals

New Star expects to raise £200 mln for property fund

That 400 financial advisers crowded into a London conference room last week to hear about New Star’s International Property fund...

Automotive

Suzuki exports nearly double in Q1

As many as 51,500 Suzuki cars were exported from the factory in northern Hungary in the Q1 of this year...

Deals

Fujitsu to buy GFI Informatique for €419 mln

Fujitsu Ltd., Japan’s second-biggest maker of personal computers, offered to buy GFI Informatique SA for as much as €419 million...

Competition

VoIP service provider targets 100,000 users

Voice-over-Internet Protocol (VoIP) service provider Frizzhub Voice Services Sdn Bhd is expecting close to 100,000 subscribers by year-end....

Competition

Fed chief says protectionism would harm US economy

A retreat into protectionism and isolationism would be self-defeating and harm US economy, Federal Reserve Chairman Ben Bernanke said Tuesday....

Deals

Packer deals himself in at Hungary’s EuroVegas

Gambling magnate James Packer has teamed with US-based resort developer Eighth Wonder and a handful of other investors for his...

Automotive

Hydrogen on the road in Norway

Statoil's two hydrogen-fuelled cars were fitted with ‘HY’ (hydrogen) numberplates by Liv Signe Navarsete, the Norwegian transport minister. The cars...

Retail

Gazprom offers carbon neutral gas

Russia's giant state-owned natural gas company Gazprom will sell gas to its European Union customers along with carbon credits to...

Competition

Magyar Telekom CEO says alleged bribe report

The chief executive of Hungarian incumbent Magyar Telekom Nyrt, Christopher Mattheisen, says a recent report in the UK Financial Times...

Telco

DENSO’s sales and profits hit records

Among DENSO Corporation’s global financial results figures for the fiscal year ended 31 March, consolidated net sales totalled ¥3,609.7 billion...

Deals

After stake of Strabag, Russian Deripaska eyes Romanian carmaker Automobile Craiova

Genaral Motors, Ford Motors and Russian Machines have submitted their first non-binding offers for the privatization process at the Romanian...

Interview

Soros says: Czechs lack enough businessmen caring for public interest

The Czech Republic does not have a large enough entrepreneur community that would care for public interest, philanthropist George Soros...

Deals

Generali buys top Czech insurance company

Italy's top insurer, Generali, agreed on Thursday to take a majority stake in a joint venture with a Czech group...

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...