Business

Deals

CP Holdings of London increases stake in Danubius Hotels to 63%

CP Holdings Ltd., a UK investor, has increased its stake in Hungary's Danubius Hotels Nyrt to 63.1% through a transaction...

Pharma

Teva reconsiders Hungarian biotech facility on drug law concern

Teva Pharmaceutical Industries Ltd., the world's biggest maker of generic medicines, is reconsidering a plan to build a biotech center...

Deals

Yukos’ 9.4% stake in Rosneft to be auctioned March 27 – extended

OAO Yukos Oil Co. will lose more than $13 bln of assets as its stakes in state companies are auctioned...

Pharma

Axel Springer 2006 profit rises 26%; shares surge

Axel Springer AG, Europe's biggest newspaper publisher, said profit last year climbed 26% as economic growth lifted advertising sales and...

Deals

Lukoil wins EU antitrust approval to buy Conoco gas stations

OAO Lukoil, Russia's biggest oil producer and refiner, secured European antitrust approval to buy 376 Jet brand filling stations from...

Interview

Czech adoption of euro in 2012 is „realistic”

The Czech Republic may adopt the euro in 2012, the Finance Ministry said, the first official indication of the adoption...

Deals

Moscow’s shopping malls may attract more interest than offices

Moscow shopping malls probably will become more attractive to real estate investors than offices and industrial developments, as Russia's consumer...

Deals

Allianz pays $750 mln for Sistema stake to control Rosno

Allianz SE, Europe's biggest insurer, gained control of Russian insurer Rosno after buying a stake held by OAO AFK Sistema...

Automotive

Romanian new car sales fell 4.3% in January after EU entry

Romanian new car sales fell 4.3% in January, the first decline after two years of rapid growth, as citizens held...

Deals

EU fines Otis, four other elevator makers for price-fixing – extended

European antitrust authorities fined Otis Elevator Co. and ThyssenKrupp AG, the world's two largest elevator makers, and three competitors a...

Deals

Anglo approached by Russians, others over AngloGold holding

Anglo American Plc's CEO, Tony Trahar, said the company has been approached by Russian investors and other companies over its...

Pharma

Goodyear unit in Poland plans $100 mln expansion

Goodyear Tire & Rubber Co., North America's biggest tiremaker, said its Polish unit will invest more than $100 mln to...

Pharma

Optimism rises in European industry

European manufacturers are more optimistic that they will be able to raise output, profits and employment in 2007 than they...

Telco

Profits more than double for VW

Europe's largest car maker, Volkswagen has unveiled full-year profits that have more than doubled....

Ecosystem

Henkel launches global competition for new ideas

December 15 marked the launch of the „Henkel Innovation Trophy” – a test for creative minds! competition....

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...