Business

Pharma

GM purchase of Chrysler has 50% chance

General Motors Corp., the world's largest automaker, stands a 50% chance of buying DaimlerChrysler AG's Chrysler unit and may seek...

Deals

Lukoil will pay $400 mln for Conoco gas stations in Europe

OAO Lukoil, Russia's biggest oil producer and refiner, will pay ConocoPhillips more than $400 mln to buy 376 Jet brand...

Deals

OTP hires Hungarian central banker Hamecz to run fund

István Hamecz, the chief economist at Hungary's central bank, is leaving to join OTP Bank Nyrt, the country's largest lender....

Pharma

Polyus approves $150 mln exploration program for this year

OAO Polyus approved in excess of $150 mln of exploration investment for this year as the producer of more than...

Pharma

Russia imposes 3-year duties on European Union stainless steel – extended

Russia, the world's fourth-largest steel producer, will impose three-year duties on stainless steel imports from the European Union to protect...

Interview

Australia’s Uran proposes to buy stake in Czech uranium mine

Uran Ltd., an Australian uranium explorer, submitted a proposal to Czech state-owned mining company Diamo SP for the purchase of...

Competition

Hungarian regulator approves buyout offer for Bookline shares

Hungary's financial regulator yesterday approved an offer by Közép Európai Média és Kiadó Zrt. for all the shares it doesn't...

Automotive

Volvo agrees to buy Nissan Diesel for $1.1 bln – extended

Volvo AB, Europe's second-largest truckmaker, agreed to buy Nissan Diesel Motor Co. for 7.5 bln kronor (€8 billion) to add...

Deals

Shell, Dow, Eni challenge EU fines for fixing prices of rubber

Royal Dutch Shell Plc, Dow Chemical Co., and two other companies are appealing European Union fines levied against them for...

Interview

China’s investment rules, piracy cost EU business $28 bln

Chinese limits on foreign investment and local technical standards that complicated banking and manufacturing cost European companies €21.4 billion ($28...

Pharma

Bundesbank says faster growth has increased inflation risks

The Bundesbank said faster economic growth in the euro region is leading to increased inflation risks, particularly from higher wage...

Competition

Telekomunikacja to pay fine after lowering prices

Telekomunikacja Polska SA, Poland's largest phone company, was fined 600,000 zloty ($202,000) after it lowered prices and changed terms of...

Retail

EU to eliminate Gulf aluminum, petrochemical tariffs

A 6% tariff on the import of aluminum to the EU will be eliminated when a proposed free-trade agreement with...

Automotive

Volkswagen profit probably rose on Audi, Skoda sales

Volkswagen AG, Europe's largest carmaker, will probably say Q4 profit rose after a new Audi sport-utility vehicle and Skoda model...

Pharma

Phone firm Nokia to cut 700 staff

Finnish phone firm Nokia is to cut 700 jobs globally in a bid to make itself „more competitive”....

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...