Business

Deals

Developments in Záhony to be seen in 2-3 years

Sándor Kálnoki Kis, who was recently appointed by the Prime Minister to oversee the development of a special economic region...

Deals

Britain’s Thatcher role model for Hungary’s Economy Minister

Britain's Margaret Thatcher provides the inspiration Hungary needs to tackle the European Union's largest budget deficit, Economy Minister János Kóka...

Deals

Former Transelektro unit changes name

Transelektro Asset Management Kft, the former property unit of troubled Hungarian engineering company Transelektro, has changed its name to T-2006...

Competition

Hungary’s IT investments regionally mediocre

Hungary's information technology ranks in the middle of the spectrum of new European Union members, according to a report published...

Deals

Erste Bank appoints new CEO; parent bank decides on transformation into holding company

Edit Papp has been appointed CEO of Erste Bank Hungary, effective January 1, 2007, the bank announced on Wednesday....

Deals

Hungary’s Magyar Telekom buys content firms for Ft 1 bln

Hungary's largest telecom group, Magyar Telekom Nyrt, owned by Germany's Deutsche Telekom AG, has announced on Wednesday it has signed...

Retail

Hungary’s e-trade sector estimated to be worth Ft 30 bln in 2006

Hungary's electronic trade sector is expected to be worth Ft 30 billion in 2006; and next year it could reach...

Interview

Romania’s government approves terms of CEC Bank sale

Romania's government approved the contract terms for the sale of Casa de Economii si Consemnatiuni SA and invited the two...

Deals

Biggeorge lauches property fund

Real estate firm Biggeorge’s Group has been granted approval by the State Financial Supervisory Authority (PSzÁF) to launch the Biggeorge’s-NV...

Competition

Club Aliga sold for Ft 5.5 bln

The long-drawn-out sale of state-owned Lake Balaton resort Club Aliga has come to a close with a Ft 5.5 billion...

Deals

Fujitsu Siemens sales in Hungary jump 50% in January-September

Fujitsu Siemens’ sales in Hungary rose 50% in January-September compared to the same period a year earlier, business daily Napi...

Deals

Hungary’s first nanotechnology center opens in Szeged

Hungary's first nanotechnology research and training center was opened at the Szeged University on Wednesday....

Automotive

Delphi plans $16 mln capacity expansion at Hungarian unit

US-Japanese automotive parts company Delphi is investing $16 million to increase capacity at one of its units in Hungary, business...

Competition

Denmark most dynamic EU economy, Hungary 17th, WEF says

Denmark is the EU's most competitive and dynamic economy, according to the World Economic Forum (WEF) Hungary ranked 17th in...

Deals

Sydinvest buys majority stake in Bookline.hu

Sydinvest Zrt bought 1 million shares of Bookline.hu Nyrt in two days, the online bookshop company announced....

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...