Business

Pharma

Denso to expand production of diesel engine parts in Hungary

Denso Corp., Japan's largest car parts maker, said it will spend €38.3 million (Ft 9.86 billion) to expand production of...

Telco

TVnet starts IPTV services in capital

ISP TVnet Kft has started internet protocol television (IPTV) services in the capital with an investment of Ft 100 million,...

Automotive

Maxon Motor to set up €2 mln unit in Hungary

The world's leading supplier of high-precision drive systems, Maxon Motor, is to build a new 3,000 square meter production facility...

Deals

Finance Ministry confirms sale of state’s remaining Mol stake

The ministry has confirmed on the website of the Budapest Stock Exchange (BÉT) on Wednesday that the State Privatization and...

Automotive

Slovak koruna touches record as economic growth beats forecasts

The Slovak koruna surged to a record against the euro after a government report showed the economy expanded faster than...

Automotive

Hungary’s industrial output up adjusted 11.8% yr/yr in September

Hungary's industrial output rose a working day adjusted 11.8% year on year in volume terms in September, the Central Statistics...

Automotive

Toyota, Fiat lead first European sales gain since May

Toyota Motor Corp., Fiat SpA and PSA Peugeot Citroen last month led the first gain in European car sales since...

Interview

Hungarian forint gains to 8-month high as inflation accelerates

Hungary's forint advanced to the highest in eight months versus the euro as inflation, the fastest in the European Union,...

Deals

BorsodChem shares to be delisted in January

The delisting of shares of BorsodChem and its transformation into a closed company could start as soon as January, one...

Pharma

Columbian Tiszai Carbon plans capacity expansion

Columbian Tiszai Carbon Kft, the Hungarian unit of US-based Columbian Chemicals Company, plans to spend tens of millions of dollars...

Retail

Fotex reports nine-month loss on costs of company revamp

Fotex, a Hungarian retailer turned property manager, reported a nine-month loss because of the cost of selling units and revamping...

Interview

Poland blocks EU plan for mandate on energy talks with Russia

Poland blocked European Union plans to negotiate an energy agreement with Russia to protest a Russian ban on Polish meats...

Automotive

Waberer’s plans Ft 1 bln warehouse at BILK

Hungarian logistics company Waberer's Holding Zrt plans to build a Ft 1 billion, 9,600 square meter warehouse at the Budapest...

Retail

Hydro to sell car-parts business to bolster profit

Norsk Hydro ASA, the world's fourth- largest aluminum producer, plans to sell its car-parts business to increase profit and focus...

Telco

Mol’s Q3 profit rises on fuel demand

Mol Nyrt, Hungary's largest energy company, said quarterly profit more than doubled, driven by rising demand for fuels and 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...