Business

Sustainability

Elephant Holding launches Ft 6.5 bln housing project

Elephant Holding Zrt has recently started a new housing investment, the business daily Napi Gazdaság reported....

Automotive

GM sets deal to build Chevrolets in Poland

General Motors has clinched a deal to have Ukrainian automaker UkrAvto build entry-level Chevrolet cars for GM at a plant...

Transport

Russian billionaire Fridman’s Alfa may start airline

Russian billionaire Mikhail Fridman's Alfa Group may buy or start a low-cost airline to tap Russia's surging travel market, the...

Retail

Sr Patata to come to Hungary

A businessman in Debrecen has purchased the master franchise rights for Spanish fast-food chain Sr Patata, allowing him to organize...

Pharma

Citigroup opens global IT service center in Budapest

Citigroup officially opened its Global IT Service Center in Budapest on Friday, which will offer IT services to Citigroup members...

Deals

Lithuania’s LAL to offer €120 mln for Malév

An indirect owner of Lithuanian airline LAL would offer €120 million for Hungarian airline Malév Zrt, Gediminas Ziemelis, representative of...

Pharma

Biotech companies may benefit from new rules

The biotechnology industry may benefit from new European rules that allow governments to give extra incentives to young innovative companies,...

Deals

FHB commercial bank receives operating licence

Hungary's financial market regulator PSZÁF issued an operating licence to FHB Kereskedelmi Bank, a commercial-banking unit of FHB Mortgage Bank,...

Pharma

Continental AG focusing on purchases in Asia and eastern Europe

Continental AG, the world's fourth- largest tiremaker, expects business in the 4Q to be “very positive” as customers buy more...

Automotive

Hungary’s September retail sales up 4.5% yr/yr

Retail sales increased a calendar year-adjusted 4.5% year on year in September, after rising 5.1% in August, the Central Statistics...

Retail

Drugs to be sold at Agip gas stations

Starting next year, some over-the-counter (OTC) drugs will be available at Agip gas stations, the company announced today....

Ecosystem

Bajnai: 2nd National Development Plan to support employment, growth and reforms

The more than Ft 8.000 billion available under Hungary's second National Development Plan in the next seven years should be...

Retail

Aldi to debut under Hofer brand

Hungary-bound Aldi Group, Germany's biggest discount food retailer, plans to make its Hungarian debut in 2008 by simultaneously opening twenty...

Deals

New agenda for Pannonplast EGM

Benji Invest, the primary owner of plastic-parts company Pannonplast Nyrt with 13.17% of voting rights, has proposed new items to...

Interview

Romania’s Premier demands resignation of Agriculture Minister

Romanian Prime Minister Calin Tariceanu demanded Agriculture Minister Gheorghe Flutur's resignation after the minister joined critics of the premier from...

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...