Business

Deals

Croatian oil company Ina sells further 2% of shares

The Croatian oil company Ina Industrija Nafte d.d. will allocate another 2% of its shares to institutional investors after selling...

Deals

GE Money Bank acquires ownership in Baltic Trust bank

GE Money Bank, the owner of Hungary’s Budapest Bank, has acquired 98% ownership of Latvia’s leading Baltic Trust Bank (BTB)....

Competition

GVH fines Hungarotel

The Competition Office (GVH) fined Hungarotel Telecom Zrt Ft 150 million....

Deals

Fidesz calls for state auditors to examine gov’t quarter project

Main opposition party Fidesz has called on the State Audit Office to examine the government's plans to build a new...

Deals

Ina starts test production of natural gas from field in Syria

Ina, Croatia's largest oil company, said its started test production of natural gas from its Palmyra field in Syria, as...

Telco

Telekom Srbija wins phone stake over Telekom Austria

Telekom Srbija, Serbia's largest telephone company, won a controlling stake in Bosnia's Telekom Srpske for €646 million ($860 million), outbidding...

Telco

MTel dividend generates Saint Nicholas rally

Magyar Telekom's share value jumped 6.72% after the company's board announced that it would propose payment of a belated Ft...

Pharma

Femat to move all production to Hungarian unit

Austrian production line systems maker Femat will move its entire production to its unit in Hungary to take advantage of...

Pharma

Rimex to build Ft 2 bln plant in Nagykanizsa

UK-based metal finishing company Rimex plans to spend Ft 2 billion to build a production base in Nagykanizsa in southwest...

Deals

Magyar Telekom board announces Ft 73 dividend per share

The board of Magyar Telekom Nyrt will propose payment of a Ft 73-per-share dividend on 2005 profits to a general...

Interview

Hungary must do more to meet EU rules on euro, budget, ECB says

Hungary, which has announced plans to slash spending and narrow its budget deficit, must do even more to meet European...

Telco

Magyar Telekom’s CEO Straub resigns

Elek Straub, Chairman - Chief Executive Officer of Hungary's leading telecoms group Magyar Telekom Nyrt, is to resign on Tuesday...

Deals

Sale of military properties expected to generate Ft 33 bln

Hungary's Ministry of Defense expects the sale of more than a hundred former military properties around the country to generate...

Sustainability

Concentration increases on Hungary’s retail market

The number of retail units in Hungary fell by 638 units or 0.6% in the first nine months of 2006...

Deals

Axel Springer agrees to acquire 25% stake in Polsat

Axel Springer agreed to buy a quarter of Poland's Polsat for €250 million ($332.7 million), the second purchase of a...

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...