Business

Automotive

GM’s Wagoner says auto alliances may be driven by energy issues

General Motors Corp. CEO Rick Wagoner said Ford Motor Co.'s search for an Aston Martin buyer and DaimlerChrysler AG's possible...

Pharma

ECB may raise benchmark rate, leave door open for another step

The European Central Bank may raise its benchmark lending rate for the seventh time since late 2005 and leave open...

Interview

Romanian Premier and President, united for EU entry, widen feud

When Romanian Prime Minister Calin Tariceanu appeared on a live TV phone-in talk show last month, a caller accused him...

Pharma

EBRD’s earnings rose 60% in 2006, expanded investment in Russia

The European Bank for Reconstruction and Development increased its earnings by 60% in 2006 from a year earlier and expanded...

Deals

Exxon sees capital spending rising to $21 bln

Exxon Mobil Corp., the world's biggest oil company, plans to spend almost $21 billion exploring for oil and expanding refineries...

Telco

Deutsche Telekom’s Slovak unit says 2006 profit rose 12%

Slovak Telekom AS, the Slovak unit of Deutsche Telekom AG, said profit rose 12% last year as the company added...

Retail

Volkswagen’s Lamborghini introduces faster model

Lamborghini SpA, whose sports cars are driven by actor Jamie Foxx and soccer star David Beckham, introduced a new car...

Pharma

Springer steps up investments to expand Internet unit

Axel Springer AG, Europe's biggest newspaper publisher, aims to step up investments in its Internet activities this year as the...

Retail

Russia’s Deripaska bids for Bosnian smelter to expand

Russian billionaire Oleg Deripaska, owner of the world's third-largest aluminum maker, is bidding to acquire 88% of Bosnia's Aluminij Mostar...

Competition

Microsoft sees billions in sales from VoIP shift

Microsoft Corp. sees the shift by business organizations to Web-based phone systems running on its software to generate „billions” of...

Automotive

Volkswagen increases Scania ownership in merger push

Volkswagen AG raised its holding in Swedish truckmaker Scania AB as Europe's largest carmaker seeks to force a three-way merger...

Sustainability

Romanian homebuilding rises 19% in quarter before EU entry

Romanian housing construction rose an annual 19% in the fourth quarter as developers increased investment before the country joined the...

Telco

Magyar Telekom introduces naked ADSL

Magyar Telekom Nyrt, the leading Hungarian telecommunications service provider, announced new ADSL Internet services without a voice subscription to its...

Pharma

Hankook factory completed

There is no obstacle before launching trial operation in South-Korea-based Hankook Tire Ltd’s Hungarian factory in Dunaújváros, Hankook’s European HQ...

Deals

Hungary’s fiscal deficit preliminary Ft 34 bln down on forecast

Hungary's preliminary fiscal deficit was Ft 216.9 bln (€0.85 bln) in February after Ft 196.1 bln in January, the Finance...

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...