Business

Interview

Board head under pressure to go at scandal-hit Siemens: report

Heinrich von Pierer, the head of the supervisory board at Siemens, is under pressure to resign as a result of...

Automotive

Bridgestone ranked as top foreign investor in Poland

Poland’s leading monthly business magazine, Forbes Poland, has named Bridgestone as the top foreign investor in Poland for 2006....

Interview

Czech, Slovak health care reforms look similar, but differ

The Czech and Slovak reforms of the health care system may look similar, but they take place in different situations...

Pharma

Hi-Lex to build production facility

Japanese car-industry supplier Hi-Lex Corp is going to build its second European plant in Hungary, European director Mike Lewis and...

Retail

Bauhaus DIY store to open this year

Austrian DIY chain Bauhaus is to enter the market, with two outlets in Szigetszentmiklós and Dunakeszi....

Pharma

Polish workers go west, Polish companies head east

While Poland's 2004 entry into the European Union has proven the opportunity of a life-time for an estimated 2 million...

Transport

Further strikes to hit Hungary’s main airport

Budapest Airport Thursday warned passengers to expect delays until Saturday after ground services staff announced their third strike in just...

Automotive

German car sales slump in wake of tax hike

German car sales plunged 10% during the Q1 this year, according to data released Thursday, following the hefty rise in...

Automotive

GM Daewoo seeks to buy Romania Daewoo plant

The CEO at GM Daewoo Auto & Technology Co., South Korea's No.3 automaker, said that the company is in negotiations...

Competition

EU blow to Microsoft on Windows

Microsoft will be forced to hand over to rivals what the group claims is sensitive and valuable technical information about...

Deals

NBC Universal has massive expansion plans

NBC Universal has announced that they are planning to launch as many as 20 TV channels across Europe, Asia and...

Pharma

IHT reports: As wages rise in Eastern Europe, businesses look elsewhere

When the communists were ousted across Eastern Europe, the capitalists moved in. For foreign companies, it was an exciting new...

Transport

Airlines, governments fail to ensure air passenger rights, EU says

The European Commission said Wednesday that airlines and European Union governments must improve air passenger rights within six months or...

Deals

Hungary’s MÁV Cargo to be privatized in May-June

Hungarian rail freight company MÁV Cargo is to be privatized in May or June, reports the financial daily Napigazdaság, citing...

Incubators

Cisco announces venture capital initiative in Russia

Cisco Systems today announced a venture capital initiative targeting the technology industry in Russia....

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...