Business

Automotive

Kia may start producing third model at Slovak factory by 2010

Kia Motors Corp., South Korea's second-largest carmaker, may produce a third model at its Slovak plant to benefit from lower...

Deals

KazakhGold to invest $300 mln to boost output

KazakhGold Group Ltd., a London-listed miner of gold in Kazakhstan, plans to invest $300 mln through next year boosting output...

Interview

ECB benchmark rate already „above target”

The European Central Bank’s main lending rate is already „above target,” keeping the bank from further increases, the European Economic...

Automotive

Volkswagen raises stake in truckmaker MAN AG to 29.9%

Volkswagen AG, Europe's biggest carmaker, increased its stake in MAN AG to 29.9% as part of an effort to combine...

Pharma

Moscow begins installing mobile power plants to plug supply gap

OAO Unified Energy, Russia's national power utility, installed the first of 10 mobile power generators planned for Moscow to help...

Deals

KazTransOil to Sell $1 bln of bonds to fund new pipelines

KazTransOil, Kazakhstan's national oil transportation company, plans to raise as much as $1 billion selling bonds this year to fund...

Pharma

Volvo to buy Ingersoll Rand’s road-development unit

Volvo AB, Europe's second-biggest truckmaker, agreed to buy the road-development unit of Ingersoll-Rand Co. for $1.3 billion in cash in...

Automotive

Toyota to build $830 mln SUV plant in Mississippi

Toyota Motor Corp., the world's second-largest automaker, plans to build an $830 million factory in Mississippi, its eighth North American...

Interview

EU finance ministers say euro-area inflation outlook improving

European finance ministers said they are optimistic about the inflation outlook for the 13-nation euro region, suggesting they see limited...

Interview

EU to give Poland august 27 deadline on deficit moves

European Union finance ministers will give Poland a deadline of August 27 to adopt more strenuous measures to narrow the...

Interview

EU ministers to warn Italy to reduce spending to curb deficit

European Union finance ministers will warn Italy to reduce spending to prevent the budget deficit from breaking EU rules in...

Automotive

Volkswagen 2006 commercial-vehicle profit rises 5.4%

Volkswagen AG, Europe's biggest carmaker, said its commercial-vehicle unit's 2006 profit rose 5.4% to a record as sales of new...

Competition

Mobile TeleSystems, VimpelCom and MegaFon bid for 3G

Russian wireless companies led by OAO Mobile TeleSystems, OAO VimpelCom and OAO MegaFon will bid for licenses to offer faster...

Telco

EU says German telecommunications law protects Deutsche Telekom

European Union regulators began a legal fight to force Germany to revise a telecommunications law, arguing the legislation protects former...

Interview

Wages pose no „imminent” inflation risk

Rising labor costs pose no „imminent danger” to inflation in the 13 euro nations, according to an internal European Commission...

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...