Business

Transport

Wizz Air offers free Budapest-Bucharest tickets

Discount airline Wizz Air began offering free tickets on the Budapest-Bucharest route yesterday, when rival SkyEurope announced it was halting...

Deals

Taiwanese firm to buy Győr unit of Philips

Taiwanese Lite-on IT, a major manufacturer of optical disc drives, said it will acquire a car CD and DVD drive...

Transport

Brussels moves on air passenger rights

A bill of rights for European airline passengers could be redrawn amid mounting evidence the flagship measure is being widely...

Deals

Siemens completes acquisition of Bayer’s diagnostic division

Siemens AG, Europe's largest engineering company, completed its €4.2 billion ($5.6 billion) acquisition of Bayer AG's diagnostic division to bolster...

Deals

Maersk, other shipping lines raised 2006 capacity 14%

A.P. Moeller-Maersk A/S and 407 shipping lines increased their capacity to move containers 14% in 2006, the fastest pace in...

Pharma

Richter employee option program brings new shares to the market

Gedeon Richter Nyrt, eastern Europe's biggest drugmaker, said 65,560 new shares may enter the market after the expiration of a...

Sustainability

PSzÁF warns austerity measures could hurt banks – extended

Austerity measures recently introduced by the government could have far reaching effect on the banks' property lending as demand for...

Retail

Gucci, Starbucks, Burberry plan Budapest stores

PPR SA's Gucci Group, Burberry Group Plc and Starbucks Corp. are among retailers planning to open their first stores in...

Telco

Hungary’s Magyar Telekom acquires majority stake in T-Systems Hungary

Hungary's largest telco group Magyar Telekom has announced on Tuesday that it boosted its holding in T-Systems Hungary by another...

Deals

Croatia to auction three hoteliers starting at 153 mln Kuna

Croatia is auctioning majority stakes in three hoteliers for a minimum 153 mln kuna ($28 million) as it steps up...

Interview

Air Asia „to form UK alliances”

Malaysian airline Air Asia says it will make a „huge announcement" on Friday, amid reports it may form an alliance...

Pharma

Slovnaft faces antitrust fine over gasoline, diesel discounts

Slovnaft AS, the Slovak refinery controlled by Hungarian oil company Mol Rt, was fined 300 mln Slovak koruna ($11.6 mlnn)...

Deals

Nemetschek acquires 54% of Graphisoft shares, plans public offer in January

Nemetschek AG, a German maker of software used in construction and in the real-estate business, exercised an option to acquire...

Deals

Gold has biggest annual gain since 2002 on dollar’s decline

Gold had its biggest annual gain since 2002 as declines in the dollar spurred demand for the metal as an...

Interview

January deadline for Alitalia bid

Companies interested in acquiring a major stake in Italian airline Alitalia have until 29 January to register their interest, ministers...

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...