Business

Telco

TVK Q1-Q3 profit down 72% because of the unrealized forex losses

Hungarian chemicals company TVK, majority owned by oil and gas company Mol, had net profits of Ft 1.24 billion (€4.773...

Interview

China, EU to negotiate trade terms next year

China and the EU will meet early next year to address „gaps” in China's follow-through on some international trade commitments,...

Deals

New York’s Fifth Avenue heads ranking of world’s top shopping streets

New York’s Fifth Avenue has retained its top position as the world’s most expensive shopping street in the world, according...

Transport

Germanwings plans gradual increase of Hungarian market share

Low-fare airline Germanwings plans to gradually boost its share of Hungary's air travel market from 180,000 passengers in 2005, which...

Telco

Permira pledges to continue BorsodChem investment strategy

First Chemical Holding, a vehicle set up by Permira, Europe's largest private equity fund, to purchase Hungarian chemicals company BorsodChem...

Interview

Public sector workers protest planned wage rise

Public sector unions protested plans by the government to raise wages just 0.2% in 2007 in a letter to Prime...

Transport

Low-fare airlines bring fewer passengers to Ferihegy in October

The number of passengers on low-fare airlines at Budapest's Ferihegy Airport fell in October, while the number of those flying...

Deals

Hungary State Audit Office pats and slaps 2007 budget bill

Hungary's State Audit Office said on Friday risks to reach the government's VAT, personal income tax and registration tax revenue...

Competition

Competition Office fines Pannon Ft 16 mln for misleading ads

The Competition Office (GVH) has announced on Friday it has fined mobile service provider Pannon GSM Zrt Ft 16 million...

Telco

Germany plans lowest deficit since reunification

German lawmakers plan to use surging tax revenue generated by the fastest economic growth in six years to reduce the...

Telco

BUX kicks off high Q3 flash-report season with sharp advance

Gains from all BSE Big Four issuers, Mol, Magyar Telekom, OTP and Richter, lifted the Budapest Stock Exchange's (BÉT) blue-chip...

Automotive

Spain’s Segura buys plot in Szolnok to build €10 mln plant

Spain's Segura has purchased almost ten hectares in the Szolnok industrial park, where it plans to build a €10 million...

Deals

Porsche Versicherung opens office in Hungary

Austria's Porsche Versicherung has set up a Hungarian branch office that will initially offer special comprehensive vehicle insurance policies, the...

Interview

Hungary may have smaller deficit than forecast

Hungary, which has missed its budget deficit target every year since 2001, may have a lower shortfall next year than...

Interview

EU’s Almunia says Hungary’s budget situation “somewhat grave”

EU Monetary Affairs Commissioner Joaquin Almunia said Hungary's budget situation is “somewhat grave” and the government's consolidation program “requires vigorous...

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...