Business

Deals

Investment fund assets increase 35% to Ft 2,540 bln in 2006

Assets in Hungarian investment funds increased 35% to Ft 2,540 billion at net asset value in 2006, figures compiled by...

Office Market

DTZ, GVA to rent office space in Corvin Promenade

Property developer Futureal Group has signed an exclusive contract with DTZ Hungary Kft and GVA Hungary Kft to rent space...

Automotive

November industry output up preliminary 10.8% yr/yr

Hungary's industrial output rose an annual 10.8% in November, picking up from 10.6% in October, according to both unadjusted and...

Competition

EU calls for break-up of energy companies to boost competition

European Union regulators called for a break-up of energy companies to boost competition in the electricity and natural-gas markets....

Interview

Biofuel demand will make WTO accord possible

The booming demand for corn as a fuel source will make it easier for the US to agree to cuts...

Retail

Roche’s NeoRecormon wins European approval for weekly use

Roche Holding AG, the world's biggest maker of cancer drugs, won European regulatory approval to sell its NeoRecormon medicine as...

Deals

OTP Bank deputy chief executive Zoltán Spéder resigns

The top deputy to OTP Chairman Sándor Csányi, who has spent almost $3 billion buying banks in the region, quit...

Deals

Hungary’s fiscal deficit Ft 2,034 bln in 2006

Hungary's fiscal deficit was Ft 332.8 billion in December, the Finance Ministry announced on Tuesday....

Competition

Companies pay €7.2 mln in fines for misleading ads in 2006

Hungary's Competition Office (GVH) levied fines totaling Ft 1.8 million (€7.2 million) on companies in 2006 for misleading advertisements, business...

Deals

HTCC buys Invitel for €470 mln to compete with Magyar Telekom

Hungarian Telephone and Cable Corp. bought fixed-line operator Invitel Zrt to compete with former monopoly Magyar Telekom Nyrt, HTCC said...

Transport

Malév signs code-share agreement with America Airlines

State-owned Hungarian airline Malév signed an agreement with American Airlines on code-sharing and frequent-flyer programs in Budapest on Tuesday....

Transport

Ryanair, EasyJet plan dozens of new routes by middle of 2007

Ryanair Holdings Plc and EasyJet Plc, Europe's two biggest budget airlines, said they will add dozens of routes by mid-July...

Interview

US, European Union see new momentum for trade talks

US and European Union trade officials said they see new momentum for stalled global trade talks following a meeting at...

Deals

OTP Bank deputy CEO Zoltán Spéder resigns – extended

Zoltán Spéder, who has served as OTP Bank Nyrt's top deputy under Chairman Sándor Csányi since 1995, resigned yesterday because...

Deals

Malév may be sold this week

The Hungarian government is expected to announce a winner in the sale of its unprofitable carrier, Malév Zrt, on January...

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...