Business

Telco

Global Insight report launches new telecoms service

China and India will lead growth in the mobile market by 2011, United States will remain largest market by revenue....

Deals

Siemens chairman quits under corruption cloud – extended

Siemens AG supervisory board chairman Heinrich von Pierer resigned late Thursday amid a series of corruption scandals plaguing the industrial...

Pharma

Dramatic improvement after stem cell treatment

World-class stem cell treatment facility follows up Parkinson's successes with another medical triumph, brings new hope of effective treatment for...

Automotive

Rolls-Royce opens for business in Austria

The authorized dealer Karner & Grossegger Automobil GmbH & Co. KG, celebrated the opening of its new facilities, located in...

Automotive

GM predicts sales of 1 million autos in China for 2007

US auto giant General Motors (GM) expects sales in China to exceed 1 million vehicles in 2007, state media reported...

Pharma

The Bangalores of Europe – IHT reports

Fillip Pejfar works in a sparkling new office tower here on the western edge of the Czech capital, using high-resolution...

Retail

More dangerous goods banned in EU

The European Commission is expected to announce on Thursday a rapid rise in the number of dangerous goods withdrawn from...

Pharma

Aldi announces market entry for next year

German food retailer Aldi GmbH will open the company’s first stores in Hungary next year and plans to build a...

Deals

ThyssenKrupp Elevator strengthens presence in Croatia

Important step in expansion of Eastern European business ThyssenKrupp Elevator has acquired Končar Dizala i servis d.o.o., Zagreb....

Deals

EU fines Dutch brewers for operating beer cartel

European Union regulators Wednesday fined Dutch brewers Heineken, Grolsch and Bavaria a total of €273,78 million ($371 million) for fixing...

Deals

KBC acquires 92.5% stake in Russia’s Absolut Bank for €761 mln

Belgian bank KBC Group NV said it has acquired 92.5% of Russian bank Absolut for €761 million ($1.036 billion), subject...

Retail

City focus: Leahy keeps on truckin’

Britain's largest retailer rang up a record £2.55 billion ($5.1 billion)in pre-tax profits last year - a rise of 13.2%...

Deals

Toshiba to file suit against European Commission for cartel fines

Toshiba Corp said Wednesday that it planned to file a suit against the European Commission for its decision to impose...

Deals

MCW buys 7 shopping centers in Europe for A$571 mln

Austral Macquarie CountryWide Trust has purchased seven shopping centers in Poland and Germany for A$571 million (€351 million) in its...

Automotive

Lear to invest €25 mln in new Slovak plant

US auto-parts maker Lear Corp. said on Tuesday it would invest €25 million ($34 million) in Slovakia to build a...

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...