Business

Pharma

Romanian January construction works jump, retail sales rise

Romanian retail sales rose an annual 23% in January, completed construction works rose 26% from a year earlier as the...

Automotive

Hungary’s forint declines as investors exit emerging markets – extended

The Hungarian forint fell along with other emerging market currencies after a selloff in global equities led investors to withdraw...

Deals

Inter-Europa Bank to retain all 2006 profits

Sanpaolo IMI Internazionale S.p.A. as the main owner of Hungary's Inter-Europa Bank asked the bank's board to propose shareholders to...

Deals

Bahrain’s International Bank sells $409 mln London block

International Investment Bank, a closely held bank in Bahrain, sold an office block in London's Belgravia for $409 million (€310.9...

Competition

Billionaire Fridman’s Alfa raises stake in VimpelCom to 36.9%

Alfa Group, Russian billionaire Mikhail Fridman's holding company, raised its stake in OAO VimpelCom to 36.9% as part of its...

Automotive

Porsche says it will beat next deadlines for EU emissions rules

Porsche AG, the maker of the 911 Carrera sports car, said it plans to beat the European Union's next two...

Transport

US, EU reach tentative accord to ease airline rules

US and European Union negotiators reached a tentative agreement on easing restrictions in the $18 bln market for trans-Atlantic airline...

Pharma

Russia retailing to sustain growth, researcher says

Russia's $270 billion retail market probably will keep expanding by as much as 17% a year as the economy's continued...

Deals

Unified Energy board backs plan to break up utility

OAO Unified Energy System, Russia's national power utility, said its board of directors yesterday approved a plan to break up...

Deals

Yukos’s Gazprom Neft stake, gas assets go to auction

Russia will auction off OAO Yukos Oil Co.'s natural-gas assets, including a stake in OAO Gazprom's oil arm, in a...

Retail

Tesco tests fuel for contamination on industry advice

Tesco Plc said it's testing its fuel for silicon following customer complaints their cars broke down after using fuel bought...

Retail

Hungary distributes 2007 emissions allocation

The government has distributed Hungary's 2007 emissions allocation, comprising 30,514,000 credits, to 216 companies, adviser at the Ministry of Environmental...

Interview

Zsigmond Járai, government critic, exits Hungary’s Central Bank – extended

Hungarian Central Bank President Zsigmond Járai, who called economic policy „cancerous” and „chaotic,” today makes way for a replacement who...

Deals

Slovenia sells 55.35% of Steelmaker to Koks of Russia

The Slovenian government sold a majority stake in steelmaker Slovenska Industrija Jekla for €105 mln ($138 mln) to ZAO Koks...

Pharma

Zentiva buys group of Sanofi-Aventis drugs in Hungary

Zentiva NV, eastern Europe's third-biggest drugmaker, bought a portfolio of Sanofi-Aventis's generic medicines in Hungary, where drug consumption is above...

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...