Business

Interview

Forint touches 14-month high on speculation over trading band – extended

The Hungarian forint traded near the highest against the euro since January 2006 on speculation the state may abandon its...

Telco

Russia to change budget planning, split its oil fund

Russia will split its $104 billion oil fund into two separate entities, one as a reserve in case oil prices...

Automotive

Romania Daewoo car plant suitors must express interest by April

Romania's government gave companies interested in buying 72.4% of a former Daewoo Motor Co. car factory until April 25 to...

Automotive

Volkswagen says 2007 profit to rise on new models, lower costs

Volkswagen AG, Europe's largest carmaker, said 2007 profit and sales will rise as new models such as the Skoda Fabia...

Automotive

Czech Q4 economic growth slows to 5.8% – extended

The Czech economy grew 5.8% in the last three months of 2006, the fourth consecutive quarterly slowdown, as imports outpaced...

Deals

Lehman Brothers buys €175 mln of 2.5% Orco bonds

Lehman Brothers Holdings Inc., the fourth-largest US securities company, bought €175 million ($230 million) of Orco Property Group SA bonds...

Interview

Hungary’s András Simor names Karvalits as deputy

András Simor, who took over as the president of Hungary's central bank on March 3, today named FHB Nyrt Chairman...

Transport

Ryanair plans Maribor flights for its first route to Slovenia

Ryanair Holdings Plc, Europe's biggest discount airline, plans a new route from London Stansted airport to Maribor, Slovenia's second largest...

Automotive

Daimler, Volkswagen tout emissions gains, display gas guzzlers

DaimlerChrysler AG Smart ForTwo models, with „CO2 Champion” on the sides, ferried people to the Geneva International Motor Show. Volkswagen...

Pharma

ECB raises benchmark interest rate to 3.75% to stem inflation

The European Central Bank raised interest rates for the seventh time since late 2005 to stem inflation after the fastest...

Automotive

BMW 2006 profit rises to record on car sales growth, disposal

Bayerische Motoren Werke AG, the world’s largest maker of luxury cars, said 2006 profit rose 28% to a record after...

Deals

European fund assets rose 15% in 2006 on inflows, market gains

Europe’s mutual fund assets rose 15% last year as investors added money and markets gained, according to a trade group....

Retail

Finnair to buy Airbus A350s for long-haul routes

Finnair Oyj, Finland’s 83-year-old state-controlled airline, said it ordered two Airbus SAS A350 XWB aircraft models and plans to buy...

Pharma

RTL profit rises on advertising, TV shows – extended

RTL Group, Europe's biggest broadcaster, said profit rose 66% last year after companies spent more on advertising and as television...

Automotive

New metals may trim autos’ weight by 3.5% in 2015

Automakers will use higher-strength steel, aluminum and magnesium to lop 3.5% from the weight of their cars and light trucks...

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...