Business

Competition

Hungary flawed democracy, shows EIU report

Hungary was ranked 38th on a list of 167 countries on the Economist Intelligence Unit's index of democracy 2006, belonging...

Competition

Telenor, VimpelCom to set expansion strategy in 2007

VimpelCom, Russia's second-largest mobile-phone operator, and its shareholder Telenor will identify an international development strategy next year to sustain growth...

Competition

Gulf states, EU to sign accord in Q1 2007

The Gulf Arab states, including Bahrain and Saudi Arabia, will sign a free trade agreement with the European Union in...

Automotive

VW stops making Golf in Brussels

Volkswagen is to stop building its Golf model in Brussels, with the expected loss of up to 4,000 jobs....

Interview

EU extends energy crop subsidies to new members

EU farming ministers decided at a meeting in Brussels on Monday to allow new member states access to special subsidies...

Competition

Sweden is top democracy; Italy is “flawed” at 34th, Hungary at 38th.

Sweden is the world's most democratic nation while Italy, a member of the Group of Seven industrialized nations, ranks as...

Competition

Parliament passes drug legislation package

Parliament passed on Monday amendments to drug legislation which will allow sales of some over-the-counter drugs outside of pharmacies, require...

Automotive

Toyota models trail in crash-safety study; Honda, Subaru at Top

Toyota Motor Corp., whose vehicles earn top marks for buyer satisfaction, has more models than any other automaker ranked at...

Telco

Telekom Austria, Telekom Srbija vie for phone stake

Telekom Austria AG and Telekom Srbija made offers for a 65% stake in Telekom Srpske, a state-owned phone company that...

Deals

Oil tank explodes in N Hungary

A 5,000-liter fuel tank exploded at a plant of Hungarian oil and gas company Mol Nyrt on Monday, disaster management...

Competition

Mobile phone subscriptions up 41,000 in October

There were 9.645 million mobile phone subscribers in Hungary at the end of October, 41,000 more than a month earlier,...

Deals

Hungary to sell remaining stake in Mol from tomorrow

Hungary's government will start selling its remaining 1.73% stake in Mol Nyrt, the country's largest energy company, tomorrow, the state...

Ecosystem

Gov’t to submit EU funding framework to Brussels in mid-December

The government will submit branch and regional operative programs together to Brussels in the middle of December, Prime Minister Ferenc...

Construction

Construction sector output falls 3.3% yr/yr in August

Output volume of Hungary's construction sector fell 3.7% in September compared to the same month a year earlier, according to...

Deals

Israel Corp. to invest in east Europe biofuel company

Israel Corp., an Israeli holding company, agreed to pay $132 million for a 49.9% stake in an east European energy-related...

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...