Business

Interview

Russian food-import ban „intolerable,” Mandelson says

The European Union „cannot tolerate” a Russian ban on food imports from the bloc and wants to avoid escalating the...

Competition

Shell, Total, eight other companies appeal EU cartel penalties

Royal Dutch Shell Plc, Total SA and eight other oil and construction companies are appealing €267 million ($352 million) in...

Deals

Croatian oil company Ina plans to invest $2.6 billion by 2011

Croatia's oil company, Ina Industrija Nafte d.d., will invest about $2.6 billion in upgrades and research in the next five...

Deals

Permira Fund, VCP acquire combined 92.9% of BorsodChem in buyout offer

First Chemical Holding, a Hungarian purchase vehicle set up by private equity fund Permira announced late on Monday that it...

Deals

Romania hires local firm Bostina to advise on Antibiotice sale

Romania hired local law firm Bostina & Asociatii to advise it on the sale of Antibiotice Iasi SA, the country's...

Deals

Pannonplast reduces stake in Synergon, top performer in Index

Pannonplast Nyrt, a Hungarian maker of yoghurt pots and plastic packaging, cut its stake in computer services company Synergon Nyrt...

Telco

Hungrana bioethanol plant continues expansion

Hungrana Kft, a west Hungarian company that makes bioethanol from maize starch and isoglucose, has completed the first phase of...

Deals

Hewitt offers services to domestic clients

HR outsourcing and consulting company Hewitt Associate (HA) opened a European Center to support its pension-actuary division of its growing...

Construction

Construction sector output up 7.5% yr/yr in October

Output volume of Hungary's construction sector rose 7.5% in October compared to the same month a year earlier, according to...

Office Market

GTC wins multiple awards in Budapest

GTC Hungary won two prestigious awards at the CIJ (Construction and Investment Journal) annual awards on 7th December, 2006 in...

Automotive

Duna Autó wins SUV tender

Car dealer Duna Autó Zrt was named as the winner of a public sector procurement for some 350 Nissan SUV’s,...

Competition

Questions arise in police comm gear tender

The PM’s Office (MeH) has found a solution of questionable legality to a dispute between two of its own departments...

Automotive

New passenger car registrations drop in Hungary in November

New passenger car sales plunged in Hungary in November, while in most EU-15 states they grew, the European Automobile Manufacturers...

Automotive

European car sales gain before increase in German tax

Germans led a second consecutive monthly gain in European car sales in November, buying models from Volkswagen AG and Ford...

Deals

Immoeast profit almost triples on value of properties

Immoeast Immobilien Anlagen AG, an Austrian real-estate company, said fiscal Q2 profit almost tripled as the value of property assets...

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...