Business

Deals

Unknown company buys Yukos assets for $138 million

The little-known Monte Velle company paid $138 million for energy assets of Russian oil firm Yukos at a Moscow auction...

Automotive

Used-car imports spike in Bulgaria since EU entry

Imports of used cars to Bulgaria have risen sharply since the country joined the European Union at the start of...

Automotive

GM bearer of glad tidings for Saab plant – extended

Saab's factory in Sweden's Trollhättan is one of four locations selected by General Motors for the production of the next...

Deals

Kóka says: D.Telekom will not sell Magyar Telekom

Deutsche Telekom considers its Hungarian unit, Magyar Telekom, a strategic investment and will not sell its stake to Russia's Sistema,...

Interview

Turkey says it will reform, even without EU

Turkish Foreign Minister Abdullah Gul said Tuesday that his country was committed to further reforms, regardless of whether the European...

Automotive

Peugeot to invest €100 mln on new small car at Slovak plant

Peugeot said it is to invest €100 million ($135.5 million) to launch a new model to be made at its...

Retail

Tesco unveils profits of £2.55 bln

Tesco, Britain's biggest retailer, has reported a 13% rise in full-year underlying profits to £2.55 billion....

Deals

Benetton to build factories in Nagyatád

Italian holding Benetton Group S.p.A. is preparing to carry out a complex factory construction project in Nagyatád, mayor István Ormai...

Deals

German and UK new car markets move in different directions

The continued weakness of the German market in March combined with sluggish demand in other major markets such as France...

Deals

Great Wall Motors eyes foothold in Europe

While some of China's larger automakers intend to leap into the European car market in coming years, Great Wall Motors,...

Transport

Ryanair CEO talks of $12 fares to Europe

Ryanair CEO Michael O'Leary „plans to start a no-frills trans-Atlantic airline, offering fares as low as $12, following the 'open...

Competition

Azerbaijan, Kazakhstan continue talks over TAE fiber-optic line

Azerbaijan's Ministry of Communication and Information Technologies said the negotiations are continuing with Kazakhstan over construction of the Caspian Sea...

Telco

Market liberalization to boost electricity prices

Household electricity prices may jump by as much as 20%-30% if the government decides to terminate long term contracts it...

Automotive

Swedish-German group of experts plan to make cars cheaper

A Swedish-German government commission has been set up to look into ways of cutting the price of cars, Sweden's Trade...

Competition

Microsoft attacks Google-DoubleClick merger as anti-competitive

Microsoft Corp urged regulators to closely examine Google's planned purchase of the online advertising firm DoubleClick, charging it would hurt...

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...