Business

Telco

Rába reports profit on currency

Rába Nyrt, a Hungarian maker of vehicle parts and military trucks, reported a Q3 profit because of higher sales at...

Automotive

Forint may advance after govt. agrees tax concession

The forint may gain on speculation overseas investors won't be deterred from investing in Hungary after the government said it...

Telco

Egis reports 50% pre-tax growth

Egis Nyrt achieved Ft 22,497 million net sales and Ft 2,809 million pretax profit in Q4 of the 2005/2006 financial...

Deals

Axel Springer says profit rises on sales, new titles

Axel Springer, Europe's biggest newspaper publisher, said Q3 profit climbed 14% as German economic growth spurred advertising sales and new...

Telco

Transneft seeks higher pipeline rates on inflation

Transneft, Russia's oil-pipeline operator, wants to raise prices 5.7% next year to help offset inflation, and will further increase prices...

Interview

Poland expects fewer workers to go abroad as economy develops

Poland expects fewer workers to head abroad for work as the economy develops and eases concern over an exodus of...

Telco

Magyar Telekom’s Q3 profit falls

Magyar Telekom, Hungary's former telephone monopoly, said profit in the Q3 declined due to lower revenue from fixed lines....

Deals

Major reorganization at MÁV

Major management and timetable changes are to take place at the Hungarian State Railways Zrt (MÁV) after December 10....

Deals

Mol prepares for Russian upstream buy

Hungarian oil and gas company Mol Nyrt expects to complete a major upstream acquisition within a year, most likely in...

Transport

Emirates “to debut mobile calls”

Dubai-based Emirates will become the first airline to allow passengers to make mobile phone calls on its flights....

Automotive

BMW’s October sales increase, helped by new 3-series models

Bayerische Motoren Werke AG, the world's largest luxury carmaker, said worldwide sales rose last month as demand for BMW-brand vehicles...

Telco

Démász January-September net profits drop 4.7% to Ft 4.777

Démász had net profits of Ft 4.777 billion (€18.4 million) in the first nine months of 2006, down 4.7% from...

Interview

EU to tighten tracing of payments in battle against terrorism

European Union governments gave anti-terrorism investigators greater powers to trace bank payments, seeking to dry up financing for terror groups....

Deals

Top companies create 40% of sector GDP

GDP created by the TOP 100 companies increased by 12.7% in 2005 compared to the previous year, while the entire...

Deals

October fiscal deficit Ft 52.4 bln, down Ft 10.4 bln from forecast

Hungary's fiscal deficit was Ft 52.4 billion (€193.8 million) in September, the Finance Ministry announced late on Tuesday....

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...