Business

Deals

Magyar Telekom landline chief quits

Magyar Telekom Nyrt announced on Thursday that Christopher Mattheisen, chief operating officer of the company's landline services business, has resigned...

Retail

Tesco opens 58th store in Hungary

Supermarket chain Tesco Global Stores Zrt opened yesterday a 1,000 square meter store in Zirc, northwest Hungary, spokeswoman Éva Bogár...

Pharma

Egervin opens Ft 670 mln bottling plant

Winemaker Egervin Rt opened yesterday a Ft 670 million bottling plant and warehouse at its main cellars in Eger, northeast...

Office Market

GTC completes Center Point office building

Eli Alroy, Chairman of Globe Trade Centre S.A. and Robert Snow, CEO of GTC Hungary Real Estate Development Zrt on...

Telco

Kronospan to complete investment at Hungarian plant by year-end

Wood panel maker Kronospan expects a technology investment costing tens of billions of forints at its plant in Hungary, a...

Deals

T-Mobile to invest up to Ft 10 bln in 3G, wireless networks in 2006

Wireless services company T-Mobile, the mobile unit of the Magyar Telekom group, plans to invest Ft 8 billion-Ft 10 billion...

Deals

K&H first-quarter profits slip on one-off items, risk provisions

K&H Bank Rt had after-tax profit of Ft 3.9 billion in the first quarter of 2006 under International Financial Reporting...

Deals

CEDC buys Hungarian drinks distributor

Central European Distribution Corporation (CEDC) announced it had signed a Memorandum of Understanding with Remy Cointreau and DELB for the...

Interview

Gov’t sets up State Reform Committee

The government has set up the State Reform Committee and the National Development Committee will be set up as of...

Telco

CPI up 2.8% yr/yr in May

Consumer prices rose by 2.8% year on year in May, up from 2.3% in April, the Central Statistics Office (KSH)...

Automotive

MÁV-Tiszavas receives €9 mln order

Wagon manufacturer MÁV-Tiszavas Kft has received a €9 million order from Austrian train company ÖBB, logistics manager Lajos Bene told...

Pharma

SAP to add jobs at Hungarian software center

Germany’s SAP AG will raise the number of employees at its Hungarian software development center by 70 to 250 by...

Deals

Mol, INA reach agreement to buy Bosnia’s Energopetrol

Hungarian oil and gas company Mol Rt and Croatia's INA Industrija Nafte DD agreed with a Bosnian commission on the...

Pharma

Drug maker begins operations in Hungary

A new drug company, Astellas Pharma Kft began operations in Hungary and expects a turnover of Ft 3.4 billion-Ft 4...

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...

Automotive

Budapest Cuts EV Parking Discounts but Keeps Benefits Until 2030

Budapest's City Assembly voted to reduce the parking discount for electric and hydrogen vehicles to 50%, keeping the benefit in...

Business

Former Hungarian Ministers Seszták and Hankó Detained After Immunity Lifted

Opposition lawmakers and former ministers Miklós Seszták and Balázs Hankó were detained on Monday after Parliament suspended their immunity, according...

Automotive

Wallis Builds Next Growth Phase on Local Knowledge and Leadership

Gyula Mező, CEO of Wallis Asset Management, tells the BBJ how the group is allocating capital, managing an increasingly int'l...

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...

Budapest Cuts EV Parking Discounts but Keeps Benefits Until 2030

Budapest's City Assembly voted to reduce the parking discount for electric and hydrogen vehicles to 50%, keeping the benefit in...

Former Hungarian Ministers Seszták and Hankó Detained After Immunity Lifted

Opposition lawmakers and former ministers Miklós Seszták and Balázs Hankó were detained on Monday after Parliament suspended their immunity, according...

Wallis Builds Next Growth Phase on Local Knowledge and Leadership

Gyula Mező, CEO of Wallis Asset Management, tells the BBJ how the group is allocating capital, managing an increasingly int'l...