Business

Interview

Gov’t proposes labor restrictions for Romania, Bulgaria

Hungary's government proposed on Tuesday to only partially open up its labor market to job-seekers from Romania and Bulgaria....

Deals

Lukoil to buy Conoco stations, bid for Czech refinery

OAO Lukoil, Russia's largest oil producer, plans to buy 376 filling stations in Europe from shareholder ConocoPhillips and may buy...

Automotive

Gedia to settle in Tata

German-based Gedia Gebrüder Dingerkus GmbH will build the company’s first Hungarian factory hall in Tata, in the South Industrial Park....

Deals

Finalyse opens regional center in Hungary

Finalyse, a leading implementation consultancy specialized in value, risk and performance solutions, has appointed Keve Müller as Partner and General...

Interview

PM announces list of ministers to receive bonuses

Prime Minister Ferenc Gyurcsány decided on Monday that several of his government's officials would be awarded for their efforts in...

Deals

Hama expects 12% revenue rise in Hungary in 2006

Hama Kft, the Hungarian unit of German IT and photo equipment company Hama AG, expects to close 2006 with revenue...

Deals

HTCC announces changes to board of directors

Hungarian Telephone and Cable Corp. today announced that Kim Frimer has resigned as chairman of the board of directors of...

Pharma

Ravak plans Ft 3 bln office-warehouse complex in Budapest

Czech bathtub and shower enclosure maker Ravak plans to build a Ft 3 billion office, warehouse and trade center in...

Automotive

VW’s Audi to boost investment, double model lineup

Audi AG, Volkswagen AG's luxury brand, plans to increase investment over the next five years by €1 billion ($1.32 billion)...

Pharma

Richter distributes $6.5 mln in stock to workers

Gedeon Richter, eastern Europe's biggest drugmaker, distributed shares worth Ft 1.3 billion ($6.5 million) as a part of an incentive...

Automotive

Nissan to develop own hybrids to catch up with Toyota

Nissan, Japan's second-largest carmaker, will develop its own gasoline-electric hybrid cars by 2010, to compete in a segment where it...

Retail

Information leaks on firms behind sell-by date fraud could hurt investigation

Police have called on the Agriculture Ministry to halt all outgoing information on the M.E.G.A. Trade business group, which has...

Telco

Graboplast sees 55% operating profit increase in 2006

Hungarian flooring company Graboplast Zrt expects to close 2006 with operating profit of almost Ft 2 billion, 55% more than...

Competition

T-Mobile market share continues to erode in 2006

Market share of T-Mobile Zrt, Magyar Telekom Nyrt's wireless services division, continued to erode in 2006, but the company still...

Telco

Musashi Hungary to complete €8.5 mln expansion in H1 2008

Japan's Musashi plans to complete a €8.5 million (Ft 2.18 billion) capacity expansion started at its unit in Hungary in...

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...