Business

Deals

Mol purchases BaiTex from VE-NEFT, RusOil to expand in Russia – extended

Mol Nyrt, Hungary's largest energy company, said it bought BaiTex LLC from VE-NEFT Development LLC and RusOil LLC to expand...

Deals

Budapest Stock Exchange sees higher revenue on record trading

The Budapest Stock Exchange (BÉT) said revenue probably rose about 20% in 2006 after a fifth consecutive year of record...

Pharma

German companies plan to invest, hire in 2007, boosting economy

German companies including Continental AG and Adidas AG plan to hire and increase spending in 2007 as profits rise, helping...

Automotive

Toyota will build Yaris compact in China from 2008

Toyota Motor Corp., the world's second-largest carmaker, said it will produce the Yaris compact car at its joint venture in...

Telco

Legrand plans to invest Ft 1.4 bln at Hungarian unit in 2007

France's Legrand, the world's leading maker of wiring systems for buildings, plans to invest Ft 1.4 billion at its Hungarian...

Competition

SkyEurope’s CFO to leave by end of 2006

SkyEurope Airlines Chief Financial Officer Erhard Schmidt will leave his post by the end of the year because of personal...

Deals

EDFI approves conversion of Démász into closed company

Electricite de France International (EDFI), which boosted its stake in Hungarian regional electricity distributor Démász to 100% in a recent...

Pharma

AAA Auto says it plans 2007 initial public offering

AAA Auto AS, the largest second-hand car dealership in central Europe, said it plans to sell shares to the public...

Deals

Gazprom grabs Sakhalin gas stake

State-owned Russian energy giant Gazprom has wrested control of a massive oil and gas field from Anglo-Dutch rival Shell....

Automotive

Toyota set to overtake GM in 2007

Toyota Motor Corp. expects to produce a record 9.42 million vehicles next year, a 4% rise that should take it...

Telco

Egis proposes Ft 120 dividend, unchanged from last year – extended

Egis Nyrt, the Hungarian drugmaker owned by France's Les Laboratoires Servier, proposed to pay Ft 120 dividend on its fiscal...

Deals

GVH fines Allianz Hungária and partners

Hungary's Competition Office (GVH) on Thursday announced it had fined insurance company Allianz Hungária and its partners a combined Ft...

Deals

Gazprom may revise blue stream tract

Russian energy giant Gazprom signed a statement of intent with Serbia earlier this week to build 400 kilometers of natural...

Retail

Actavis may move Bulgarian pharmacy franchise into new markets

Actavis Group hf, the Icelandic generic-drug maker, may expand its Bulgarian pharmacy franchise, Pharma Expert, to other European countries to...

Sustainability

Deutsche Bank to invest €1 bln in Bulgaria in 2007

Deutsche Bank AG, Germany's biggest bank, will fund energy, road- and bridge- construction projects in Bulgaria worth of €1 bln...

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...