Business

Deals

Unified Energy seeks changes to breakup strategy

OAO Unified Energy System, the Russian power utility in the process of being broken up, wants the state-run Federal Grid...

Deals

Ablon, Hungarian property developer, will list shares on AIM

Ablon Group, a Hungarian property developer with units in Prague and Bucharest, wants to raise some £100 million (€151.9 million)...

Transport

Fly Balaton airport targets 100,000 passengers in 2007

Fly Balaton, a former airbase converted into a commercial airport by a group of Irish and Hungarian investors, served 80,000...

Ecosystem

Switzerland offers 8.5 mln Swiss franks to education

Switzerland will provide 8.5 million Swiss franks (€5.2 million) to Hungary's 2007-2011 education and cultural programs, the Culture Ministry announced...

Deals

Allianz offers €9.8 bln for rest of AGF unit

Allianz SE, Europe's biggest insurer, agreed to buy the rest of Assurances Generales de France for €9.8 billion ($12.7 billion),...

Transport

2006 was safest year ever for flying

Last year was the safest ever for commercial air travel, the International Air Transport Association (IATA) said, though the accident...

Pharma

Hankook Tire 2006 profit falls on materials, won

Hankook Tire Co., South Korea's biggest tiremaker, posted a 22% fall in full-year profit on higher materials costs and a...

Pharma

Aegon forms pensions venture with Romania’s Banca Transilvania

Aegon NV, the second-largest Dutch insurer, and Banca Transilvania SA agreed to form a pensions joint venture in Romania....

Pharma

Power company workers call strike to protest scrapped discounts

Trade unions representing electric power industry workers agreed on Wednesday to call a strike over government plans to eliminate a...

Sustainability

Vacancy rate on Budapest office market increases to 12.8% in 2006

Vacancy on Budapest's top-category office space market increase 1.2 percentage points to 12.8% in 2006, a survey by the Budapest...

Telco

Keler targets pre-tax profit of Ft 1.527 bln in 2007

Hungary's Central Clearing House and Depository (Keler) targets pre-tax profit of Ft 1.527 billion in 2007, according to its business...

Deals

Rosneft to spend $2 bln building oil refinery on Black Sea

Rosneft, Russia's second-largest oil producer, plans to spend $2 billion building a new oil refinery alongside its Tuapse facility on...

Pharma

Malév losses even bigger than expected, says suitor

The losses of state-owned Hungarian airline Malév turn out to be even bigger than revealed at the start of privatization...

Competition

Imperial Energy says it found oil in Russian exploration well

Imperial Energy Corp., a British company exploring for oil and gas in Russia and Kazakhstan, said it found oil in...

Pharma

European governments should cut deficits, IMF’s De Rato says

European governments must reduce budget deficits and encourage competition if the continent is to close the economic gap with the...

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...