Business

Deals

Közép-Európai Média és Kiadó raises its Bookline.hu stakes to 45%

György Márffy, deputy chairman of Bookline.hu Nyrt, informed Bookline.hu that he sold 424,998 pieces of his shares on an average...

Automotive

Romanian premier vows to keep car tax

Romanian Prime Minister Calin Popescu Tariceanu said Monday his government would keep a first registration car tax, despite a warning...

Deals

Sports Direct boss takes Adidas stake

Sports Direct tycoon Mike Ashley has taken a personal stake in Adidas, and is reportedly steering his company towards the...

Deals

Altex wants to bring back customers who shop in Hungary

Electronics retailer Altex, which saw a 20% decline in turnover last year, estimates it will close the 2006 financial year...

Competition

Ombudsman against visit fee regulation

Data privacy ombudsman Attila Péterfalvi is criticizing the way the visit fee may be reimbursed....

Deals

India’s Glenmark acquires majority stake in Czech drug company

India's Glenmark Pharmaceuticals Monday announced that it had acquired a majority stake in Czech drug firm Medicamenta to get a...

Interview

National Bank of Hungary leaves rates unchanged at 8.00%

The Monetary Council of the National Bank of Hungary (NBH) decided at its monthly rate-setting meeting on Monday to leave...

Interview

EU must rewrite failed constitution by yearend

The reform of EU's decision-making system has been on the backburner ever since the much-vaunted draft constitutional treaty was rejected...

Deals

Barclays merge ABN Amro

The combined Barclays-ABN would be a Goliath with a market value of almost £90 billion, operations in 74 countries, more...

Automotive

Porsche to increase its Volkswagen stake

Porsche AG has announced plans to increase its stake in fellow German carmaker Volkswagen AG, Europe's biggest car maker, from...

Pharma

Richter proposes raising dividend 15% on more profit

Gedeon Richter Nyrt, eastern Europe's biggest drugmaker, proposed raising its dividend 15% to Ft 690 ($3.74) a share for 2006,...

Retail

Germany’s Asko opens first furniture store in Hungary

Germany’s furniture chain Asko has opened its first store in Budapest that it built from €5 million....

Telco

Russia, investors commit $6.2 bln to roads, rail

Russia's government approved the construction of a new stretch of railroad, a port terminal and a water sanitation system worth...

Telco

Magyar Telekom management proposes keeping dividend unchanged

Magyar Telekom Nyrt, Hungary's former phone monopoly, proposed keeping its 2006 dividend at Ft 70 ($0.38), the same level as...

Deals

Airbus wins Aeroflot A350 order, offers Russia role – extended

Airbus SAS, the world's largest planemaker, won a pledge from Russia's OAO Aeroflot to buy 22 A350 jets and offered...

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...