Business

Deals

Stadler may build train factory in Székesfehérvár

Swiss train carriage factory Stadler is likely to build its new train factory in Székesfehérvár, managing director of Stadler Trains...

Deals

MÁV to try out Bombardier double-decker train

Hungary's national railway company MÁV Zrt and Canada's Bombardier Transportation are offering train lovers a special treat: starting Friday, MÁV...

HR

SMEs to bear brunt of minimum wage rise

A rise in the minimum wage from the start of 2007 is expected to hurt SMEs, farming and food companies...

Pharma

Schefenacker to set up development center in Hungary

German auto parts maker Schefenacker plans to set up a center to develop car mirrors at its unit in Hungary,...

Competition

SkyEurope turns to court over GVH fine

Budget airline SkyEurope Kft on Friday said it would appeal a fine by the Competition Office (GVH) with the Budapest...

Deals

Orco Property rating lowered by Moody’s on Viterra acquisition

Orco Property Group SA's rating was lowered one level after the real-estate developer operating in central and eastern Europe in...

Deals

Plaza Centers raises £154 mln in initial share sale

Plaza aims to build as many as five malls a year, primarily in central and eastern Europe and India....

Pharma

CA-IB cuts Hungary Egis, Richter target prices over local, Russian changes

CA-IB has reduced its target price on Hungarian pharmaceutical companies Egis and Richter to Ft 31,473 from Ft 36,540 and...

Interview

Axiál opens €1 mln farm machinery service center

Axiál Kft, which sells and services farm machinery, inaugurated a new €1 million service shop in Székesfehérvár on Thursday....

Pharma

Allianz opens first bank branch in Hungary

Insurer Allianz Hungária Zrt on Thursday opened the first branch of its new bank, Allianz Bank Zrt....

Transport

Austrian Airlines to scrap Pécs-Vienna flights

Austrian Airlines will discontinue its scheduled flights between Vienna and the Pécs-Pogány airport in southwest Hungary from November 10, the...

Automotive

WTO to rule on US, EU complaint on China’s auto-parts duties

The World Trade Organization agreed to examine China's duties on imported car parts in the first case against the Asian...

Competition

GVH fines Rossmann Ft 1 million for manipulation

Hungary's Competition Office (GVH) has announced on Thursday it has fined household goods and cosmetic product retailer Rossmann Hungary Kft...

Pharma

Coloplast of Denmark to announce Hungarian investment next week

Coloplast A/S, Europe's largest maker of colostomy products, will announce an investment to expand its production base in Hungary next...

Pharma

KrasAir to bid for Hungary’s Malév to gain European foothold

KrasAir will try for a second time to buy Malév to enter the EU and connect the Hungarian carrier to...

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...