Business

Interview

Central banks face rising pressure from politicians

When politicians tried to pressure former ECB President Wim Duisenberg, he used to say: „I hear, but I do not...

Deals

Sberbank lures investors in $10 bln Russian bank stock sale – extended

OAO Sberbank, Russia's biggest lender, is attracting investors to a $10 billion sale of shares that are almost 40% more...

Pharma

ST Engineering to set up aircraft center in Eastern Europe

Singapore Technologies Engineering Ltd., Southeast Asia's biggest defense company, plans to set up an aircraft maintenance and repair center in...

Deals

EU to fine elevator makers at least €900 mln

European Union regulators plan to fine four of the world's biggest elevator makers at least €900 mln ($1.2 bln) for...

Interview

Hungary nominates András Simor as new Central Bank President – extended

Hungary nominated András Simor, the head of Deloitte & Touche LLP local office, to head the country's central bank from...

Competition

J&J’s Prezista wins conditional marketing approval in Europe

Johnson & Johnson's Prezista, a treatment for people infected with the AIDS virus, won conditional approval to be marketed in...

Interview

US mulls WTO move on China piracy

The US is considering whether to open a counterfeiting dispute with China at the WTO over concerns about intellectual piracy....

Competition

Swisscom fined SF333 mln for overcharging rivals – extended

Swisscom AG, Switzerland's largest telephone provider, was fined 333.4 mln Swiss francs (€205 mln) by the country's competition office for...

Automotive

DaimlerChrysler to start selling Dodge cars in China

DaimlerChrysler AG, the world's fifth-largest carmaker, will start selling Dodge cars in China as it aims to expand in the...

Automotive

Russian January industrial production surges on building

The pace of growth in output at Russian industrial companies more than quadrupled in January from the slowest rate in...

Deals

Exxon must bid for Sakhalin reserves in Russia as output peaks

Exxon Mobil Corp., the biggest oil company by market value, will have to bid for new oil and gas reserves...

Deals

Capital Group buys 5% stake in Hungarian drugmaker Egis

Capital Group Cos., a Los Angeles-based investment company whose units include American Funds, has bought a 5.05% stake in Egis...

Deals

Antibiotice Iasi 2006 net income rose 27% ahead of state sale – extended

Antibiotice Iasi SA, the state-owned Romanian drugmaker scheduled to be sold this year, said its 2006 profit rose 27%, without...

Deals

Poland aims to sell 51% of newspaper distributor Ruch this year

The Polish government wants to sell a controlling stake in Ruch SA, the distributor of almost half the country's newspapers,...

Deals

Insurance helps ING to 6.7% rise in 2006 profit

Dutch financial services group ING Groep NV posted a stronger-than-expected 6.7% rise in 2006 net profit on Thursday, as a...

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...