Business

Interview

Budget drafts to show primary surplus from 2008, PM says

Prime Minister Ferenc Gyurcsány announced on Friday government plans for a proposal stating that no budget drafts could be submitted...

Competition

Ericsson Hungary to hire 200 more staff by mid-2008

The Hungarian unit of Ericsson, will hire 200 workers by mid-2008, raising its number of staff to 1,000, outgoing CEO...

Deals

EDF increases its stake in Hungarian power distributor Démász

Electricite de France SA, France's largest power company, boosted its stake in Hungary's biggest power distributor Démász Nyrt to 95.1%....

Telco

Draft 2007 budget shows country has “come of age”

Minister of Economics and Transportation János Kóka said the government's draft 2007 budget is one of a country which has...

Interview

Europe’s trade gap with China widens to record

Europe's trade deficit with China widened to a record in the eight months through August as the Asian economy is...

Pharma

Flextronics to dismiss 30% of workers at Hungarian plant

Flextronics International Ltd., the world's largest manufacturer of custom-made electronics, is firing about 30% of staff at one of its...

Pharma

Israeli Optibase to supply IPTV solution to Hungary’s TVnet

Israel's Optibase Ltd., a leader in advanced digital video solutions, has announced that it is providing its IPTV solution to...

Telco

Hungarian insurance sector expands more than 23% in Q1-Q3

Combined revenue from premiums of Hungary's insurance sector rose 23.3% to Ft 628.9 billion in Q1-Q3 compared to the same...

Deals

KEG builds Europe’s largest gas tank in north Hungary

Hungarian private gas trading company Central European Gas Terminal Zrt (KEG) is building Europe's largest tank for 2,000 tons of...

Telco

Raiffeisen Bank Q1-Q3 profits jump 34%

Raiffeisen Bank Zrt had after-tax profit of Ft 18.8 billion in Q1-Q3, 34% more than in the same period a...

Deals

Finance Ministry forecasts Ft 230.4 bln deficit for November

Hungary's Finance Ministry forecasts a Ft 230.4 billion cash flow-based budget deficit excluding local councils for November....

Interview

APEC may forge ties as WTO’s Doha trade talks stall

Twenty-one leaders from the Asia- Pacific Economic Cooperation forum may forge closer trade ties as the World Trade Organization struggles...

Pharma

Tele2 to retreat from Eastern European markets

Tele2 AB CEO Lars-Johan Jarnheimer said Sweden's second largest phone company will likely retreat from markets in Eastern Europe as...

Automotive

Kia to build small SUV at Slovakia plant by end 2007

South Korea's second-largest automaker, said it will add a small sport-utilityvehicle model by the end of next year at its...

Retail

Spar starts new store on new concept

Today Spar launches a new supermarket with a unit in Budapest’s District 12 reopening as the chain’s first City store...

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...