Business

Deals

Bajnai resigns from Zwack supervisory board

Zwack Unicum Rt, Hungary's most famous spirits company, announced on Friday that Gordon Bajnai, a member of its supervisory board,...

Pharma

Reál Hungária revenue increases 17%

Hungarian-owned supermarket chain Reál Hungária Rt had revenue of Ft 281.6 billion in 2005, 17% more than in the previous...

Pharma

Bridgestone starts building Ft 50 bln plant

Japanese-owned tire maker Bridgestone Kft laid the cornerstone for its Ft 50 billion plant in the Tatabánya Industrial Park yesterday....

Pharma

High-tech companies ask for tax breaks even if tax cuts are delayed

The head of Hungary's Association of IT Businesses (IVSz) has urged the government to introduce some kind of tax break...

Deals

PM announces 8% fiscal deficit projection

Prime Minister Ferenc Gyurcsány said Hungary's public finance deficit will amount to 8% of GDP this year and pressed for...

Automotive

April industrial output up preliminary 6.8% yr/yr

Hungary's industrial output fell 0.4% in April from March according to seasonally and workday-adjusted figures and was up 6.8% in...

Deals

Ecostat projects industrial production growth of 8.8% yr/yr in October

Ecostat, the research arm of Hungary's Central Statistics Office (KSH), forecasts twelve-month industrial production growth of 8.8% in October 2006,...

Telco

ÁAK sells 100,000 motorway stickers through mobile phones

A total of 100,000 motorway stickers were bought through mobile phones since launching the service on March 17, the National...

Sustainability

Baucont wins tender to build central bank conference center

Baucont has won a tender to build a conference center for the National Bank of Hungary (MNB) with a bid...

Pharma

Samsung growth expected to continue

South-Korean consumer electronics giant Samsung expects to sell 20% more products in Hungary this year, compared to Ft 8.6 billion...

Deals

Takarékbank to provide forex service

Savings bank Magyar Takarékszövetkezeti Bank Rt (Takarékbank) is launching its online foreign currency trade system today....

Interview

Gyurcsány announces new cabinet

Prime Minister Ferenc Gyurcsány announced his new cabinet on Friday. A number of ministries have been combined or redefined so...

Telco

Insurers’ revenue rises, number of policies falls

Hungarian insurance companies' number of policies fell in the first quarter of 2006, but their revenue from premiums increased as...

Retail

Amway Hungary expects to break even in 2006

The Hungarian unit of Amway, the US seller of home and personal care products, plans to break even on revenue...

Deals

Transelektro fails to reach agreement with creditors

The owners of troubled holding company Transelektro failed to reach an agreement with creditors by the May 31 deadline, which...

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...