Business

Deals

Ikarus to establish bus joint venture in China

Hungarian bus maker Ikarus Rt will establish a joint venture with Datong Hongye Investment Holding to manufacture buses in China,...

Deals

Number of fixed lines continues to drop in February

There were 3.435 million fixed line telephone connections in Hungary at the end of February, 10,000 fewer than one month...

Pharma

Mevaco to relocate production to Hungarian unit

German metals processor Mevaco GmbH will relocate some of its production to Hungary from Germany, Napi Gazdaság reported, citing a...

Deals

Alstom, Transelektro win metro tender with €247 mln bid

The Budapest public transport company BKV Rt announced a consortium of France's Alstom Transport and Hungary's Ganz Transelektro Rt as...

Telco

SAP makes Hungarian unit regional base for SME products

Germany's SAP AG, a leading maker of software that integrates businesses' back office functions, has picked its Hungarian unit to...

Deals

Finance Ministry forecasts Ft 110.5 bln May deficit

The Finance Ministry announced on Friday it forecasts a general government deficit, excluding local councils, of Ft 110.5 billion in...

Deals

Hungary to spend Ft 7.5 bln repairing motorways in 2006

Hungary plans to spend Ft 7.5 billion forint repairing sections of motorways this year, Napi Gazdaság reported, citing the State...

Pharma

US companies consider investments worth $200 mln in Hungary

ITD Hungary, a state-run agency which promotes investments in Hungary, is assisting US companies which are considering making investments of...

Competition

Bourse to prohibit delisting shares at price under net assets

The Budapest Stock Exchange (BÉT) will change its rules for the delisting of shares from May 20, pegging the minimum...

Pharma

Cushman and Wakefield to organize leases at Arena Plaza

Israeli property developer Plaza Centers announced it has commissioned the Hungarian unit of Cushman and Wakefield to be the exclusive...

Construction

Construction output up adjusted 13.8% yr/yr in March

Construction industry output in volume terms rose a working-day adjusted 13.8% in the twelve months to March 2006, the Central...

Deals

Budapest Alapkezelő launches closed-end fund

Budapest Alapkezelő, Budapest Bank Rt's fund manager, is offering for subscription units in a new closed-end fund, called Világválogatott (World...

Deals

Fujitsu Siemens revenue in Hungary increases 42%

The Hungarian unit of Fujitsu Siemens Computers had revenue of €45.8 million in its business year ended March 31, 42%...

Retail

Origo online ad revenue grows faster than industry average in Q1

Online advertising revenue of origo, one of Hungary's biggest internet portals, increased more than the industry average in Q1 2006,...

Sustainability

Real estate market expands in Q1 on sales of office, retail and warehouse space

The Budapest real estate market improved in the first quarter of 2006, due to an expanding market for office, retail...

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...