Business

Pharma

Hungarian November retail sales rose slower on austerity plan

Hungarian retail sales rose at the slowest pace in almost six years in November as the government's austerity measures curbed...

Interview

EU needs to work out funding for financial crises

European Union governments should work out a system for sharing funds in the event of a bank collapse or other...

Automotive

Registration fees to increase

In line with a legislative amendment passed by Parliament on December 22, car registration fees will go up from February...

Competition

Pharmacists may face GVH investigation

The Competition Office (GVH) may start an inquiry against the National Chamber of Pharmacists suspecting a price cartel and boycott....

Pharma

GVH likely to decide on complaint against pharmacies in 2-3 weeks

Hungary's Competition Office (GVH) will probably decide in 2-3 weeks on a complaint against the Hungarian Chamber of Pharmacists (MGYOK)...

Deals

Bayerische Landesbank invests €1.72 Mln in Hungarian Unit MKB

Bayerische Landesbank, Germany's second-biggest state-owned bank, invested Ft 435.2 mln (€1.72 million) in its Hungarian unit Magyar Külkereskedelmi Bank Nyrt,...

Deals

Russia may sell 25% of Rosneft in secondary share sale

OAO Rosneft, Russia's state oil company, may sell as much as 25% of its shares, after raising $10.6 billion last...

Transport

Lithuanian Airline to expand in East Europe after Hungarian bid

FlyLAL, the Lithuanian carrier sold by the government in 2005, is looking to further expand in eastern Europe following its...

Office Market

Office space market expands fastest in five years in 2006

Property investors completed 182,000 square meter of A-category office space in Budapest in 2006, the most since 2000, according to...

Interview

Romania to sell €500 mln in Eurobonds in H2 of 2007

Romania plans to sell as much as €500 million ($649 million) in Eurobonds in the H2 of this year in...

Pharma

Pfizer’s 10,000 job cuts may prompt Glaxo, Sanofi to follow

Pfizer Inc.'s plan to eliminate 10,000 jobs, or 10% of its workforce, may ripple through the pharmaceutical industry and prompt...

Pharma

Hewlett-Packard to open lab in St. Petersburg, Russia

Hewlett-Packard Co., inventor of thermal-inkjet printing and the handheld scientific calculator, plans to open a research lab in Russia to...

Deals

Billionaire Iorich’s Pala plans investment in gold miners

Pala Investments Holdings Ltd., a $900 million (€694.7 million) investment fund started by Russian billionaire Vladimir Iorich, is studying further...

Pharma

Yukos shares jump on report of $33 bln valuation

Shares of OAO Yukos Oil Co. Jumped after a newspaper said the bankrupt Russian energy producer's assets are worth $33...

Pharma

Meinl Land to raise up to €1.5 bln in share sale

Meinl European Land Ltd., an Austrian company that bought four shopping malls in Moscow last year, plans to raise as...

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...