Business

Telco

Globus losses worsen in first quarter

Canning company Globus Rt had net losses of Ft 762 million in the first quarter of 2006, 66% more than...

Pharma

Richter signs agreement with Mitsubishi Pharma

Drugmaker Richter Gedeon Rt announced on Friday it has signed a license and collaboration agreement with Japan's Mitsubishi Pharma Corporation...

Deals

Publishers team up to spread news

Ringier, Sanoma and Népszabadság, Hungary's three leading newspaper publishing companies, are going to set up a joint newspaper distribution enterprise...

Deals

Erdért-Multicont wins bid for Csepel dockyards

The board of the State Privatization and Holding (ÁPV) Rt decided at a meeting on Thursday to accept a Ft...

Telco

FBH after-tax profits drop 3.7% to Ft 2.08 bln in Q1

The Land Credit and Mortgage Bank Rt (FHB) had after-tax profit of Ft 2.08 billion (€8 million) in the first...

Deals

IEB Bank has new CEO

CEO of Inter-Európa Bank Rt Luigi Mastrapasqua resigned from his position at the bank's annual general meeting yesterday....

Pharma

Grepton Q1 revenue increases 40% yr/yr

IT company Grepton Rt had pre-tax profit of Ft 250 million and revenue of Ft 2.718 billion in 2005, up...

Deals

Pannonplast buys 4.19% stake in Synergon

Plastics company Pannonplast Rt announced on Tuesday it has purchased a 4.19% stake in IT company Synergon Rt as a...

Telco

Raba net losses drop 88.1% to Ft 181 mln in Q1

Vehicle and vehicle parts maker Rába Nyrt had net losses of Ft 181 million (€697,737) in the first three months...

Telco

Egis net profit up 47.9% in first half of business year

Pharmaceuticals company Egis Rt had consolidated net profit of Ft 10.032 billion (€38.7 million) in the first half of its...

Deals

April fiscal deficit Ft 115 bln, better than expected

Public deficit of April was Ft 115 billion excluding local government deficit, instead of the previously expected Ft 159.2 billion,...

Transport

Fly Balaton opens new passenger terminal

Fly Balaton airport opened a new passenger terminal on Tuesday and received its first Ryanair flight to Hungary from London,...

Transport

Delta launches New York-Budapest flight

Delta Airlines has launched its own scheduled New York-Budapest flight, Vice President Glen W. Haunstein announced at a ceremony on...

Deals

Mol buys 10% state-owned stock from ÁPV

Hungarian oil and gas company Mol Rt said it exercised its option on May 8 to buy Mol shares from...

Telco

PSzÁF fines Magyar Telekom for failing to publish audited report

The State Financial Supervisory Authority (PSzÁF) announced on Tuesday it fined incumbent telco Magyar Telekom Nyrt Ft 6 million for...

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...