Business

Retail

President officially opens parliament

Hungary's new Parliament was officially formed on Tuesday, after all 386 members took their formal oath of office....

Deals

Tesco appoints new CEO at Hungarian unit

Tesco Global Stores Zrt, the Hungarian unit of UK supermarket giant Tesco, will have a new CEO from August 1,...

Deals

Deutsche Balaton announces buyout offer for Hungagent

Deutsche Balaton AG announced on Tuesday a public purchase offer for all outstanding shares of holding company Hungagent Rt at...

Competition

GTS-Datanet to make Ft 1.1 bln investment

Alternative telecom company GTS-Datanet Kft will carry out a nearly Ft 1.1 billion infrastructure development over the coming few months,...

Deals

SPF Holding to build Ft 500 mln plant in Beled

France's SPF Holding, a global leader in flavoring and pet food manufacturing, has committed to building a new plant in...

Telco

Állami Nyomda profits jump 47.1% yr/yr in Q1

Printing company Állami Nyomda Nyrt had consolidated net profit of Ft 216 million in the first quarter of 2006, 47.1%...

Telco

OTP Q1 profit increases 20.4% yr/yr to Ft 46 bln

OTP Bank Rt had net profit of Ft 46.19 billion in the first quarter of 2006, 20.4% more than in...

Deals

Industrial output up 11.3% yr/yr in March

Hungary's industrial output rose 1.5% in March and was up 11.3% in the twelve months from March 2005, according to...

Telco

Insurance market expands 17% yr/yr in Q1

Hungarian insurance companies had revenue from premiums of Ft 206.8 billion in the first quarter of 2006, 16.97% more than...

Transport

Malév Europe’s most punctual airline in Q1

First-quarter figures from the Association of European Airlines show Malév Zrt is Europe's most punctual airline, Malév said in a...

Sustainability

Ecostat real estate index slips 1.5 to 46.5 in Q1

Market research company Ecostat's real estate index fell 1.5 to 46.5 in the first quarter of 2006, well under its...

Telco

Mol net profit up 54% in Q1, including gain on gas assets sale

Net profit of Hungarian oil and gas company Mol Rt in the first quarter surged 54% from a year earlier...

Automotive

Linamar Q1 net profits jump 84.1% yr/yr

Farm machinery and vehicle parts maker Linamar Rt had net profit of Ft 368 million (€1.4 million) in the first...

Telco

Démász net profits up 19.2% in Q1 2006

Electricity distributor for southern Hungary Démász Rt had net profits of Ft 1.26 billion (€4.8 million) in the first quarter...

Telco

TVK posts losses of Ft 1.25 bln in Q1

Chemicals company TVK Rt, majority-owned by Hungarian oil and gas company Mol Rt, had consolidated net losses of Ft 1.25...

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...