Business

Deals

Gazprombank, Eni , Rosneft in Yukos auction

Three bidders will compete in Wednesday's auction of the gas assets of bankrupt Russian oil company Yukos, Kommersant newspaper said....

Transport

Wizz Air carried 6 millionth passenger

Wizz Air, the largest low fare - low cost airline in Central and Eastern Europe carried six million passenger since...

Deals

Rompetrol reportedly expanding into France

Romanian oil group Rompetrol is reportedly moving into the French retail market through establishing the first Rompetrol-branded filling station in...

Sustainability

Biggeorge’s investing Ft 90 billion

Hungarian real estate group Biggeorge's Holding has altogether fourteen investments underway in Hungary, valued at a total Ft 90 billion,...

Pharma

Polish Zlomrex to buy Voestalpine Stahlhandel

Zlomrex S.A. has finalized the purchase of nearly 75% of the shares in the Austrian company Voestalpine Stahlhandel for €93...

Retail

EU launches anti-trust probe into Apple’s online music sale

The European Commission confirmed Tuesday that it has launched an anti-trust probe into online music sales by computer company Apple...

Deals

Russia oil producer seeks backing for Iraq oil deal

Russia’s top oil producer OAO Lukoil signed a partnership deal with the foreign ministry on Monday and said it counted...

Automotive

Magyar Suzuki recalls cars on handbrakes

The Japanese carmaker based in Hungary, Magyar Suzuki Zrt, Monday announced a recall for 40,000 SX4 Suzuki models to rectify...

Deals

Mol-INA consortium formally take control of Energopetrol stake

Hungarian oil and gas company Mol Nyrt and its Croatian unit INA Industrija Nafte d.d. formally took over control of...

Retail

New healthcare system in testing

The law obliging every health care provider to verify whether incoming patients have the privity making them eligible to receive...

Retail

Cadence Innovation signs agreement to acquire Collins & Aikman Plastics business

Cadence Innovation LLC announced yesterday it has signed an Asset Purchase Agreement (APA) to acquire substantial assets and operations of...

Deals

E.ON abandons Endesa takeover bid

German utility E.ON AG said Monday it abandoned its $56.2 billion takeover bid for Spanish power company Endesa SA....

Competition

Russia’s Aeroflot enters race for Alitalia

Russia's Aeroflot has joined the race for troubled Italian carrier Alitalia as the deadline for prospective bidders planning to take...

Interview

Union launches legal action against Siemens

Pressure continued to grow on German electronics and engineering giant Siemens AG Monday after the nation's biggest industrial union said...

Interview

Poland to host mid-May energy summit

Poland will host an energy summit in May focusing on the planned Odessa-Gdansk pipeline which aims to pump Caspian crude...

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...