Business

Deals

FinMin gives 2007 deficit as 6.8% of GDP

Finance Minister János Veres said on Tuesday that Hungary's 2007 public finance deficit had been calculated at Ft 1,753.2 billion...

Deals

ELLA shareholders approve capital raise, subordinated loan

Shareholders of home savings bank ELLA Zrt decided at a general meeting on October 26 to raise capital at the...

Deals

Fund assets increase 22.3% in Q3

Assets in funds managed by the Hungarian Association of Fund and Asset Managers (Bamosz) rose 22.3% to Ft 2,549 billion...

Interview

Romania to revise budget to show narrower deficit

Romania's government will revise the budget for a fourth time this year to cut deficit figures because a surplus was...

Transport

Aer Lingus to add European routes, building on growth in region

Aer Lingus Plc, the Irish airline trying to fend off a hostile takeover bid from Ryanair Holdings Plc, plans to...

Retail

Microsoft sues counterfeit software dealers

Microsoft Corp. said on Tuesday it had started 55 legal actions around the world against dealers it accuses of selling...

Deals

Erste says “dumb” traders, bank fraud caused loss on Bwin stock

Erste Bank, Austria's second-biggest lender, said „dumb” traders were defrauded by a rival bank over trades involving shares of an...

Automotive

EBRD to invest €30 mln for Volkswagen Russian plant stake

The EBRD plans to invest €30 million ($38 million) in exchange for a 20% stake in Volkswagen's plant in Russia...

Interview

Global slowdown may raise hopes for WTO

A global economic slowdown may improve chances for an international trade accord as governments seek to combat protectionism, said Pascal...

Deals

HSBC names Guy Hamilton as Central and Eastern European head

Hamilton, whose remit is across all banking services, is focusing on the markets of Czech Republic, Slovakia Poland and Hungary,...

Automotive

Registered unemployment down 4.9% yr/yr in October

The number of registered unemployed was 377,046 in October, down 4.9% year on year and 0.3% less than in September,...

Deals

MVM sells Vértes Power Plant stake

MVM Zrt, Hungary's state-owned power supplier, sold its majority stake in Vértes Power Plant Zrt to local investor Pro-Nix Kft,...

Sustainability

Budapest Research Forum joint Q3 data

The third quarter of 2006 showed 20% less leasing activity compared to the previous quarter, with 59,400 square meter of...

Telco

Zwack reports rising sales, expects full-year profits over Ft 3 bln

Zwack had pre-tax profit €7.1 million H1 of its 2006/2007 business year according to unaudited consolidated report IFRS published on...

Automotive

Volkswagen begins construction of car assembly plant in Russia

„With the production in Russia, the company has the possibility to profit from the rapid growth in the Russian automobile...

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...