Business

Retail

Modine to spend $12 mln on second factory in Hungary

Modine announces $12 mln investment to build a Greenfield manufacturing facility in Hungary to support growing product demand....

Deals

Hungary meets budget deficit target for last year

Hungary, which has the European Union's widest budget deficit, said it met last year's revised target and expects the January...

Retail

Music downloads almost double in 2006, fail to offset piracy

A surge in downloaded songs and mobile-phone ringtones failed to make up for declines in sales of compact discs last...

Deals

Nemetschek offers Ft 2,273 a share for rest of Graphisoft – extended

Nemetschek AG, a German maker of software used in construction and real-estate businesses, offered Ft 2,273 ($11.6) share to buy...

Telco

Pannon-Flax shareholders approve strategy shift

Pannon-Flax approved changes to the company strategy to reduce production capacity by outsourcing and sell less profitable assets to raise...

Automotive

Peugeot to supply diesel engines to Mitsubishi Motors

Peugeot, Europe's second-biggest carmaker, will supply diesel engines to Mitsubishi Motors from the middle of this year, expanding the two...

Automotive

Ukraine’s largest car producer will bid for Romania’s plant

UkrAvto, Ukraine's largest manufacturer and distributor of cars, including Toyota, Mercedez-Benz and Renault brands, will bid for Romania's second-biggest car...

Automotive

Iveco expects revenue of 15 billion in 2007

Italian truck maker Iveco plans sales of Ft 15 billion in the country in 2007, keeping within the range of...

Interview

Hungarian central banker sees 2006 budget gap at 9.4% of GDP – extended

Hungary's budget deficit, the widest in the European Union, represented about 9.4% of gross domestic product last year, said István...

Pharma

Volkswagen’s Skoda 2006 sales hit record on Octavia

Skoda Auto AS, the Czech unit of Volkswagen AG, sold a record number of cars in 2006 on strong performance...

Deals

Budapest bourse counts on foreign IPOs to lift turnover in 2007

The Budapest Stock Exchange (BÉT) is relying on foreign companies including Orco Property Group to join the market and boost...

Automotive

Volkswagen, Fiat, Toyota led gain in 2006 European car sales

Volkswagen AG, Toyota Motor Corp. And Fiat SpA led an increase in European car sales last year, winning market share...

Competition

Trial examines Swissair collapse

A painful chapter in Switzerland's recent history will be re-opened on Tuesday when some of the country's top business leaders...

Competition

Vodafone reports fixed line success

There are as many as 20,000 subscribers of the fixed line telephone service started last November, said György Beck, the...

Interview

Quota removal secures Russia platinum exports

Russia's removal of precious metal export quotas will eliminate the threat of supply disruptions from Norilsk Nickel, the world's largest...

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...