Business

Office Market

Raiffeisen Bank plans to construct Budapest’s tallest building

Raiffeisen, the Austrian lender that spent $2 billion in the past six years to expand in eastern Europe, plans to...

Deals

Groupama will make „significant” acquisitions abroad before IPO

Groupama, France's largest customer-owned insurer, plans to make „significant” purchases to grow abroad before proceeding with an initial share sale....

Interview

Hungary approves budget draft, matches deficit plan

Hungary's government approved its 2007 budget, following a deficit-cutting plan endorsed by the European Union earlier this month....

Deals

Novotrade purchases Genesis Solar of Spain

Hungarian holding company Novotrade Nyrt said it purchased 100% of Genesis Solar (Espana), a company registered in Spain which had...

Competition

Competition Office fines Magyar Telekom for misleading advertising

Hungary's Competition Office (GVH) on Wednesday said it had fined Magyar Telekom Nyrt Ft 10 million for misleading advertising....

Retail

Spar Magyarország to continue expansion of store network

Spar Magyarország Kft has recently opened two new Interspar hypermarkets in northeastern Hungary and will inaugurate three more such stores...

Pharma

Novomatic plans to boost production capacity in Hungary

Austria's Novomatic, one of Europe's biggest makers of slot machines, plans to expand its production base in Hungary, business daily...

Deals

Estonia’s Hansabank holds 8.4% of Állami Nyomda shares

Hansabank of Estonia has held 8.4% of the shares of listed Hungarian printing company Állami Nyomda Nyrt since August 29,...

Competition

Mortgage bank FHB up for sale again

The Hungarian government has re-opened the tender for its 54.1% package in Land Credit and Mortgage Bank (FHB) Zrt. The...

Interview

UK, Ireland limit migration from Bulgaria, Romania

The UK and Ireland, reversing open-door immigration policies that made them magnets for the poor, said they will restrict migration...

Competition

Telenor profit probably gained on Ukraine, Thailand

Telenor ASA, Norway's largest phone company, will probably say third-quarter profit rose because of higher demand in countries such as...

Sustainability

London prime property gains may slow to 12% next year

The value of London's most expensive apartments and houses may increase by about 12% in 2007, about 50% less than...

Pharma

Romania’s economic growth may surpass 7% this year

Romania's economy probably will expand more than 7% this year, surpassing previous forecasts, Cristian Popa, deputy central bank governor said....

Interview

Czech cabinet likely to drop 2010 euro adoption date today

The Czechs would become the fifth of 10 nations that joined the European Union in 2004 to put off their...

Interview

EU „worried” by Chinese trade deficit, wants Yuan flexibility

The EU, „worried” about its ballooning trade deficit with China, is pressing the Asian government to let its currency rise...

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...