Business

Competition

Competition office fines pharmas for misleading customers

Hungary's Competition Office (GVH) has announced on Thursday it had fined pharma company Pannon Medisana Kft Ft 1.5 million for...

Competition

Latest phishing attempts claim to come from Raiffeisen, Erste

Unauthorized individuals have reportedly sent emails, in Hungarian, claiming to come from Raiffeisen Bank and Erste Bank requesting personal information....

Competition

Ministry drafts bill on positive debtor list

The draft version of the bill about the comprehensive registry of private loans is under negotiation by the Justice and...

Pharma

Wallis sells two office blocks to CIB leasing unit for €60 mln

The property unit of Hungarian-owned holding company Wallis Zrt has sold two office blocks to CIB Property Leasing Zrt for...

Retail

Intersport to open at least five new stores in Hungary in 2007

Bern-based international sporting goods retailer Intersport will open five new stores in Hungary next year, with even more projected openings...

Deals

Investment fund assets fall 0.4% in November

Assets in Hungarian investment funds fell 0.4% to Ft 2,531 billion in November from the previous month, the Association of...

Competition

Seminole tribe in Hard Rock deal

British entertainment company Rank Group has agreed to sell its Hard Rock Cafe chain to an American Indian tribe for...

Automotive

GM European sales rise 4.8% on Corsa & Chevrolet

GM's European unit said sales rose 4.8% in November on demand in Russia and as buyers snapped up a new...

Automotive

Kia to build engine factory in Slovakia to supply Czech plant

Kia Motors Corp., South Korea's carmaker, will build an engine plant in Slovakia to supply an auto factory under construction...

Competition

US, Europe fail to halt corruption, bribes

Public confidence is sagging in government efforts to crack down on bribes and political corruption, especially in the US and...

Deals

Hellman & Friedman to sell Axel Springer shares for €122 each

Axel Springer said Hellman & Friedman, a private-equity firm, plans to sell its shares in Europe's biggest newspaper publisher for...

Deals

KBC targets growth in earnings per share of at least 12%

KBC, Belgium's second-largest financial-services company after Fortis, is targeting average growth of at least 12% for earnings per share, driven...

Automotive

Hungary’s October industrial output up preliminary 10.6% yr/yr

Hungary's industrial output rose 0.7% in October from September in volume terms according to seasonally- and working day-adjusted figures and...

Ecosystem

Gov’t approves operative programs under second National Development Plan

A cabinet meeting on Wednesday approved 15 operative programs to be included in the second National Development Plan, which will...

Deals

Hungary raises Ft 37 bln from Mol stake sale

Hungary raised about Ft 37 billion ($194 million) from selling its last shares in Mol Nyrt, eastern Europe's largest oil...

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...