Business

Competition

Competition Office fines Biovit Pharma for false advertising

Hungary's Competition Office (GVH) on Tuesday said it had fined Biovit Pharma Kft Ft 2 million for false advertising....

Deals

Hypo Alpe-Adria to turn Budapest office into subsidiary to back expansion

Austria's Hypo Alpe-Adria-Leasing Holding, the leader on Hungary's market for boat and aircraft leases, plans to convert its Budapest office...

Office Market

Raiffeisen plans new Ft 20 bln-Ft 28 bln HQ in Budapest

Raiffeisen Bank Zrt plans to build a Ft 20 billion-Ft 28 billion office and residential complex to house its new...

Interview

Barroso met Gyurcsány and Sólyom

President László Sólyom met European Commission President Jose Manuel Barroso, who attended celebrations marking the 50th anniversary of the Hungarian...

Pharma

Alcoa-Köfém Hungary’s most efficient company, survey shows

Alcoa-Köfém Kft, the Hungarian unit of US aluminum giant Alcoa, has been named Hungary's most efficient company in a recent...

Retail

Tesco to create 700 jobs in Hungary

Tesco-Global stores has announced that it will create more than 700 new jobs in Hungary as part of an expansion...

Ecosystem

DBH Group to establish business innovation and incubator center

DBH Group is set to begin construction on a Ft 320 million-Ft 350 million business innovation and incubator center in...

Deals

OTP launches €535 mln ICES scheme

OTP Bank Nyrt said it was launching an offer of approximately €535 million (Ft 141.4 billion) of Income Certificates Exchangeable...

Pharma

Richter to spend $5 mln-$10 mln on Russian unit

Richter Gedeon Nyrt, Hungary's biggest drugmaker, plans to invest between $5 million and $10 million in its Russian unit to...

Sustainability

Quality office space still in demand – BBJ RE Conference with photos

Demand for quality office space is not declining, even though many say there is already an oversupply of office space...

Interview

EU needs WTO accord to prevent legal attacks

The European Union needs a global trade agreement to fend off possible attacks on its farm payments and limit competition...

Interview

Hellenic Petroleum, partners may bid for NIS, Serbia’s refiner

Hellenic Petroleum SA, Greece's largest oil refiner, said it may join with other oil companies and submit a bid for...

Construction

Construction sector output falls 3.3% yr/yr in August

Output volume of Hungary's construction sector fell 3.3% in August compared to the same month a year earlier, according to...

Pharma

OMV to spend €1 bln on Romanian unit Petrom by 2010

OMV is planning to spend €1.1 billion on developing Petrom, increasing crude distillation capacity about 30%....

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...