Business

Interview

Slovenia says Russia will repay debt of $130 mln with goods

Russia will repay Slovenia $130 mln (€98.5 mln) of debt with goods and services once their governments ratify an agreement...

Deals

Parliament approves 2007 budget act

Hungary's Parliament approved the 2007 Budget Act in a final vote with a 208 vote and 163 against with no...

Pharma

Fiat, Severstal agree venture to make diesel engines Russia

Fiat SpA, Italy's largest manufacturer, agreed to form a joint venture with OAO Severstal- Avto to make diesel engines in...

Competition

Investigation at Magyar Telekom unit shows tampering; company takes steps to improve controls

Magyar Telekom on Thursday said an initial report on two suspicious contracts at its units in Montenegro and extended to...

Competition

This time, state must sell Malév, says Russian suitor Abramovich

The Hungarian state must sell national carrier Malév in its latest privatization, as this is the only way to rescue...

Automotive

Hungary’s October retail sales up 2.3% yr/yr, down 0.1 m/m

Retail sales in Hungary increased a calendar year-adjusted 2.3% year on year in October, after rising 4.5% in September, the...

Interview

EU may import sugar at world prices for chemicals, biofuels

The European Union's farm chief will press the bloc's governments tomorrow to approve extra sugar imports, arguing that producers of...

Deals

MKB Bank sets up insurance companies

Hungary's MKB Bank and Germany's Bayern LB and Versicherungskammer Bayern (VKB) are setting up a life insurance company and a...

Deals

Credit Suisse manager freed from Romanian jail during probe

A Romanian court freed a Credit Suisse Group manager after he spent three weeks in jail while authorities investigate alleged...

Deals

Gold prices gained in New York, rises in London – Extended

Gold rose for a third straight day in London, in New York climbed the most this month after a drop...

Deals

Hungarian Egis says new law may cut profit by Ft 3-8 bln

Hungarian drug producer Egis estimates that a recent law on drug subsidies may cut its profit by Ft 3 billion...

Deals

Kopint-Datorg projects GDP growth of 2.8% in 2007

Kopint-Datorg expects Hungary's economy to expand 2.8% in 2007 and consumer prices to rise 6.4%, the economic think tank said...

Transport

EU to tackle aircraft emissions

Europe's airlines are expected to have limits set on the amount of greenhouse gases which they can emit....

Transport

Competition for national railways as from 2017, says Transport Committee

The European Parliament Transport Committee gave its green light at second reading on Tuesday for more competition on international and...

Pharma

FDI to total € 4 billion in 2006

Foreign direct investment in Hungary is expected to total close to €4 billion by the end of 2006 and goes...

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...