Business

Interview

Gönczöl committee to release riot report

An independent investigative committee set up to probe into the Budapest riots last September and October is due to officially...

Interview

Polish zloty advances as central bank predicts euro adoption

The Polish zloty rose by the most in two weeks against the euro after central bank head Slawomir Skrzypek said...

Pharma

Engel to build, sell Bucharest housing units for $132 mln

Engel Eastern Europe NV agreed to buy property in Bucharest on which it will build 1,000 housing units and eventually...

Automotive

Hyundai Motor’s Chung found guilty of embezzlement

Hyundai Motor Co. Chairman Chung Mong Koo was sentenced to three years in prison for embezzling funds that were used...

Pharma

Richter may say profit fell 33%, hurt by Hungary: outlook

Gedeon Richter Nyrt, Hungary's largest drugmaker, may say fourth-quarter profit fell 33% as demand slumped in its home market and...

Transport

Ryanair raises forecast, Q3 net rises 30%

Ryanair Holdings Plc, Europe's biggest discount carrier, raised its full-year earnings forecast after Q3 profit unexpectedly increased 30% on higher...

Sustainability

Real estate developers may shun London as labor costs increase

London real estate development may slow as construction for the 2012 Olympics and a new terminal at Heathrow Airport drive...

Pharma

Russia’s Open Investment to sell shares at 26% discount

OAO Open Investments, a Russian real estate company owned by billionaires Vladimir Potanin and Mikhail Prokhorov, plans to sell new...

Pharma

Nestle, Coca-Cola are sued on beverage calorie claims

Nestle SA and Coca-Cola Co. are being sued by a US public-interest group over claims about the calorie-burning effects of...

Deals

PKN’s Unipetrol eyes two „major” purchases, CEO says

Unipetrol AS, the largest Czech oil company, is considering two „major” acquisitions in addition to efforts to buy a refinery...

Automotive

General Motors sold record 101,000 vehicles in China in January

General Motors Corp., the world's largest automaker, said it sold a record 101,926 vehicles last month in China, topping the...

Deals

Hungarian developer raises £87.5 mln in share sale

Ablon Group Ltd., a Hungarian real estate developer, raised £87.5 million ($172 million) in an initial public offering in London...

Telco

Volvo quarterly profit gains on Eastern Europe, US – extended

Volvo AB, Europe's second-largest truckmaker, said fourth-quarter profit gained 24% as customers expanded in eastern Europe and bought trucks in...

Pharma

Mobile TeleSystems targets acquisitions in ex-Soviet countries

OAO Mobile TeleSystems, eastern Europe's largest mobile-phone company, said it is actively pursuing acquisitions in former Soviet countries to sustain...

Sustainability

The largest sale and leaseback transaction of 2006

Dawnay Day Group has purchased 22 Interfruct cash-and-carry stores from the Hungarian property developer, SCD Group, for €82.5 million, representing...

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...