Business

Deals

State sells property worth Ft 35 bln in 2006

Contracts to sell state-owned real estate worth Ft 35 billion were signed in 2006, Ft 5 billion more than in...

Automotive

Ford sales in Hungary increase 12% in 2006

US car maker Ford sold 23,453 vehicles in Hungary in 2006, 12.31% more than in 2005, the company said on...

Deals

Concorde buys 5.3% stake in software maker Graphisoft

Concorde, a Hungarian fund manager, bought a 5.3% stake in Hungarian software maker Graphisoft SE, a week after Nemetschek AG,...

Automotive

Toyota expects US hybrid sales may rise 57% this year

Toyota Motor Corp., the world's biggest seller of gasoline-electric hybrid vehicles, expects US hybrid sales to rise as much as...

Pharma

Anker Hungária to build new factory

Baked goods company Anker Hungária Kft will build a new factory to produce bread and frozen and semi-finished bakery products,...

Competition

Slovak regulator bans takeover of Carrefour stores by Tesco

Slovakia's antitrust regulator banned Tesco Plc's planned purchase of stores owned by Carrefour SA, saying the British retailer would control...

Automotive

Renault 2006 sales fall on slump in European demand

Renault SA, France's second-largest carmaker, said 2006 global vehicle sales fell as western European deliveries slumped and the company lost...

Automotive

Chrysler aims to double international sales by 2012

DaimlerChrysler AG's US-based Chrysler unit plans to use alliances to help double its sales outside its home market during the...

Deals

Societe Generale buys Moldova’s Mobiasbanca for €18.4 mln

Societe Generale SA, the third-largest French bank by assets, bought a majority stake in Moldova's Mobiasbanca for €18.4 million ($24...

Pharma

DNV Hungary revenue grows 10% in 2006

The Hungarian unit of Det Norske Veritas (DNV), a Norwegian certification consulting company, recorded a 10% revenue rise in 2006,...

Pharma

Office Depot to open 10 new stores in Hungary in 2007

Office Depot Hungary Kft, the Hungarian unit of US office-supply company Office Depot, is planning to open 10 new stores...

Retail

Hungary allows Novartis, Glaxo to sell drugs outside pharmacies

Hungary's Health Ministry will allow drugmakers including Novartis AG and GlaxoSmithKline Plc to sell certain nonprescription drugs outside pharmacies, making...

Deals

Italian investor Alazraki to discuss Alitalia bid

Italian investor Paolo Alazraki said he wants to discuss a recovery plan for Alitalia, the government-controlled airline, with unions as...

Deals

Industrial producer prices up 5.5% yr/yr November

Hungary's industrial producer prices rose 5.5% yr/yr in November, but fell 1.1% from October, the Central Statistics Office (KSH) reported...

Automotive

US carmakers losing out to rivals

The „Big Three" US carmakers have continued to lose ground against their Asian rivals....

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...