Business

Automotive

General Motors records $950 mln profit in Q4

General Motors Corp., the world's largest automaker, reported a Q4 profit of $950 million on improved automotive results....

Pharma

Transneft plans new prices for using oil pipeline early as 2009

OAO Transneft plans to overhaul its pricing for shipping crude oil through Russia's pipelines as early as 2009, after it...

Interview

Czechs fine RWE $11 mln for hurting competition

RWE AG, the German utility that controls more than 80% of the Czech Republic's natural-gas business, will be fined 240...

Telco

Goldman quarterly earnings rise to a record

Goldman Sachs Group Inc., the largest investment bank by market value, said on Tuesday quarterly earnings rose to a record,...

Deals

Eurasia Gold, like GV Gold, delays London share sale

Eurasia Gold Inc., a Kazakh-based company in which billionaire Viktor Vekselberg has a stake, became the second miner from the...

Pharma

Microsoft starts Windows production in Russia amid piracy fight

Microsoft Corp., the world's largest software maker, started producing its Windows and Microsoft Office programs in Russia to tap surging...

Telco

Gaz de France says 2006 profit rose 29% on higher margins

Gaz de France SA, the owner of Europe’s biggest natural-gas network, said profit climbed 29% last year on better margins...

Automotive

Hyundai Motor to build $270 million US engine plant

Hyundai Motor Co., South Korea’s biggest carmaker, will invest about €204.9 million ($270 million) to construct its second engine plant...

Retail

Burger King to enter Eastern Europe with Warsaw site

Burger King Europe GmbH, a unit of Burger King Corp., the second-largest US hamburger chain, has awarded the rights to...

Telco

Magyar Telekom says tax measures, forint cut profit

Magyar Telekom Nyrt, Hungary's former phone monopoly, said government austerity measures, a strengthening forint and accounting changes for an investment...

Interview

Czechs vow to meet deficit limit for euro next year

The Czech Republic pledged to bring the public-budget deficit below the threshold needed for euro- adoption by 2008, a year...

Automotive

Aston Martin sold to UK-led group

Luxury car firm Aston Martin is heading back into British hands after being sold by Ford for £479 million ($924...

Deals

Pay to „race ahead” in Asia and Eastern Europe

The pay gap between professional staff and managers employed in emerging Asian and Eastern European economies and those working in...

Transport

Aeroflot to lease 56 Airbus A320s by mid-2010 to renew fleet

OAO Aeroflot, eastern Europe's largest airline, plans to more than double its fleet of Airbus SAS 320 aircraft by mid-2010...

Deals

Moody’s „volte face” on bank ratings fuels derision – extended

Banks led by Royal Bank of Scotland Group Plc and Dresdner Kleinwort derided Moody's Investors Service for raising Iceland's three...

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...