Business

Pharma

China Mobile seeks bids to build 3G phone network

China Mobile Communications Corp., which controls the world's largest wireless operator by users, invited bids for contracts worth as much...

Deals

Axa to buy Hungarian retail bank Ella to expand in East Europe

Axa SA, Europe's second-largest insurer, agreed to buy the Hungarian retail bank Ella Holdings Ltd. for an undisclosed amount, seeking...

Deals

Berlin prepares public-offering backup for its Landesbank stake

The city of Berlin is seeking investment banks to help oversee a possible public offering of its stake in Landesbank...

Automotive

Chrysler plans $597 mln Ontario plant investment

DaimlerChrysler AG's Chrysler unit assured the head of the Canadian Auto Workers union yesterday that it intends to expand an...

Deals

Dollar falls to three-month low on concern over slowing economy

The dollar fell to the lowest level this year against the euro and dropped versus the yen on concern a...

Competition

Czech central bank’s Niedermayer says risks higher

Czech inflation risks have increased „slightly” after the koruna depreciated against the euro and the economy showed signs of growing...

Sustainability

GE Real Estate targets development, Berlin, after prices jumped

General Electric Co.'s real estate unit, one of the world's biggest property investors, this year plans to focus more on...

Deals

UBS says euro’s long-term rally versus dollar nearing an end

UBS AG said the euro's five-year rally against the dollar may be peaking as the trade deficit in the world's...

Competition

Unions call for G8 action on private equity

A demand for a co-ordinated G8 response to the „threat” posed by private equity and hedge funds will be made...

Pharma

Polish 2006 foreign investment almost doubles to $14.7 bln

Poland attracted $14.7 billion in foreign direct investment last year, almost double the level of 2005 and in excess of...

Sustainability

London luxury-home prices rise by most in 28 years

Luxury-home prices in London, the world's most expensive city, rose at an annual rate of 31% in February, the fastest...

Deals

Russia’s GV Gold will try to sell shares in London by July

OAO GV Gold, a Russian gold producer that delayed its initial public offering in February, will try to sell shares...

Automotive

European car sales fall, led by Renault, BMW, Daimler

European new car sales fell 2.5% in February, led by declines at Renault SA, Bayerische Motoren Werke AG and DaimlerChrysler...

Deals

UkrTelecom 2006 net falls as clients move to mobiles

VAT UkrTelecom, Ukraine's national phone company, said profit fell as customers increasingly used mobile handsets rather than fixed-line phones....

Deals

Lord Black fraud trial to begin

The trial of media tycoon Lord Conrad Black is due to get under way at a US federal court in...

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...