Business

Sustainability

Immoeast buys office park in Budapest for €80 mln

Immoeast Immobilien Anlagen AG, an Austrian-based real-estate developer that operates in Eastern Europe, bought an office park in Budapest for...

Telco

PSzÁF prohibits MÁV insurer from signing new car policies

The State Financial Supervisory Authority (PSzÁF) announced on Wednesday it has prohibited MÁV General Insurance Association from signing any new...

Telco

Albacomp targets 24% revenue rise in 2006

IT company Albacomp Zrt targets profits of about Ft 165 million on revenue of Ft 18 billion in 2006, up...

Telco

IKO Telekom Media profits increase 30% in 2005

IKO Telekom Media Holding, one of Hungary's biggest interactive text messaging, wireless content and wireless marketing companies, had after-tax profit...

Retail

Auchan targets 5%-7% revenue increase in 2006

French supermarket chain Auchan expects revenue in Hungary in 2006 to increase 5%-7% over 2005's Ft 185 billion, Jean Paul...

Deals

Pannonplast completes sale of Polifoam unit

Plastic parts company Pannonplast Rt announced on Wednesday it closed the sale of a 51% stake in its unit Polifoam...

Interview

Business tax to go up 10%, health insurance to double

Hungary's simplified business tax will be raised to 25% from 15% from September 1 and national health insurance contributions will...

Automotive

PM announces ministry layoffs

Staff cuts of over 20% are planned for Hungary's ministries this year as part of a general overhaul of state...

Automotive

Investment volume in Hungary up 9.7% yr/yr in Q1

Investment volume in Hungary rose 9.7% in January-March 2006 from a year earlier, according to preliminary figures published by the...

Deals

Bookkeepers Mazars, Metrum to merge

French-owned Mazars Kft, a major auditing, tax consulting, and bookkeeping firm, and Metrum Kft, a leading Hungarian-owned peer, will link...

Interview

Parliament passes law on ministries

Parliament approved on Tuesday legislation allowing for the establishment of eleven ministries, in addition to the Prime Minister's Office, under...

Transport

Malév carries year’s one millionth passenger a month earlier

Hungarian national airline Malév Rt carried its one-millionth passenger of the year on Tuesday, one month earlier than in 2005,...

Retail

Online sales expected to reach Ft 30 bln in 2006

Online sales in Hungary will reach Ft 30 billion in 2006, Gábor Lemák, deputy-CEO of GKIeNET, which researches the electronic...

Deals

SME confidence index unchanged in May

Economic research institute Ecostat's SME confidence index measured 51% in May, unchanged from April, but 11 percentage points higher than...

Interview

Five parties agree on amending constitution

The five parties with seats in Parliament on Monday agreed on amending the Constitution to clear the way for forming...

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...

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...

Government Gives Green Light to M49 Extension to Romanian Border

The government will proceed with the second phase of the M49 expressway, extending the road to the Romanian border, Transportation...