Business

Automotive

March industrial output up preliminary 11.3% yr/yr

Hungary's industrial output rose 1.5% in March from February according to seasonally and workday-adjusted figures and was up 11.3% in...

Pharma

Selco to build Ft 150 mln electronics plant

Austrian-owned Selco Electronics Kft has approved a greenfield investment worth Ft 150 million in which the company will build a...

Transport

Malév passenger numbers up 11.7% yr/yr in Q1 2006

Hungarian airline Malév Rt carried 11.7% more passengers on scheduled flights in the first quarter of 2006 than in the...

Retail

Praktiker profits up 1.5% in 2005 on stagnating market

German do-it-yourself store Praktiker's profits in Hungary increased 1.5% in 2005 and revenue rose to Ft 44 billion in spite...

Interview

Hungary will miss deficit targets in 2006, 2007, EU says

Hungary's budget deficit will widen further in the next two years, moving the country further away from euro adoption limits...

Deals

NABI names new chairman

Busmaker NABI Rt's recently elected board of directors named Attila Czöndör as the new chairman of the company, business daily...

Deals

Napi Gazdaság not for sale

The owners of leading Hungarian business daily Napi Gazdaság are not planning to sell the paper in the next two...

Telco

Richter posts net profit of Ft 14.83 billion in Q1

Hungarian drugmaker Richter Gedeon Rt posted consolidated net profit of Ft 14.83 billion (€56.9 million) in January-March 2006, 72.3% more...

Retail

Delphi to downsize in Szombathely

Delphi Hungary Kft, the Hungarian arm of motor components manufacturer Delphi, decided on sacking 400 people out of its total...

Pharma

Béres opens Ft 250 mln distribution center

Drug company Béres Rt opened a Ft 250 million, 1,100-square-meter distribution center in Szolnok, central Hungary, yesterday....

Telco

Keler AGM approves Ft 2.1 bln dividend

Shareholders of the Central Depository and Clearing House Rt (Keler) approved at an AGM on Wednesday payment of a Ft...

Deals

Management consultancy industry worth €240 mln in 2005

Hungarian management consultancies had combined revenue of €240 million in 2005, up from €220 million a year earlier, president of...

Sustainability

Home building permits down 8% in Q1 2006

Hungary's building market continued to show signs of a slowdown in January-March 2006, with the number of new home building...

Competition

Spar pre-tax profit slips 45.2%

Supermarket chain Spar Magyarország Kft had pre-tax profit of Ft 1.41 billion on revenue of Ft 171.99 billion in 2005,...

Telco

Zwack revenue falls, profits steady

Zwack Unicum Rt, Hungary's best-known spirits maker, reported declining revenue but healthy profits from its core activities in its business...

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...