Business

Retail

M&S unveils carbon-neutral target

High Street chain Marks & Spencer has announced a £200 mln, (€303.7 mln) five-year plan to make the company carbon...

Automotive

Audi Hungária makes 12% more engines, assembles 92% more cars in 2006

Audi Hungária Motor produced 1,839,600 engines in 2006, 12% more than in 2005; the number of cars the plant assembled...

Deals

Siemens sees technology unit in „promising position”

Siemens AG said its new technology services unit, which started today, is in a „promising position” as the division will...

Logistics

GKI-Wallis consumer-business confidence index reaches year low in December

GKI-Wallis's combined consumer-business confidence index slipped further to 21 in December, reaching its lowest point of the year, according to...

Interview

Czechs in talks with Germany’s TAL on oil pipeline alternative

The Czech Republic is in talks with the German operator of a pipeline across the Alps about oil deliveries to...

Pharma

Sykes revenue in Hungary rises 11% in 2006

The Hungarian unit of Sykes, a US-based company which runs call centers for other businesses, had revenue of Ft 2.9...

Interview

Japan FM sees improving investment climate

Japanese Foreign Minister Taro Aso voiced satisfaction with an improving investment climate in Hungary at a news conference following a...

Automotive

Mitsubishi Motors may build auto factory in Russia

Mitsubishi Motors Corp., Japan's sixth-largest carmaker, said it may build a factory in Russia to meet rising demand for cars...

Deals

EBRD withdraws plan to finance Gazprom-led Sakhalin-2 project

The EBRD has canceled plans to provide loans to Russia's Sakhalin-2 oil and gas project now that state-run OAO Gazprom...

Interview

Hungary won’t overspend on gas subsidies this year, Veres says

The Hungarian government will not overstep the amount it budgeted for natural gas price subsidies this year, Finance Minister János...

Deals

Budapest office rent among cheapest in region

Office space in Budapest can be rented for just a fifth of the price of that in London and rent...

Competition

Mobile phone subscriptions up 118,000 in November

There were 9.763 million mobile phone subscribers in Hungary at the end of November 2006, 118,000 more than a month...

Competition

Standard&Poor’s upgrades outlook for Invitel parent after HTCC deal

Standard&Poor's Ratings Services announced on Thursday that it revised its outlook for Invitel Holdings to „developing” from „negative” after Hungarian...

Deals

KBC Securities acquires majority stake in e-brokerage Equitas

KBC Securities, the Hungarian unit of Belgian bank KBC, is to acquire a majority stake in e-brokerage Equitas, which serves...

Interview

Germany meets deficit rule for first time since 2001

Germany last year met European Union rules limiting budget deficits for the first time since 2001, as the fastest economic...

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...