Business

Telco

Szerencsejáték Q1 profit up 74.4% yr/yr

Hungary's state lottery company Szerencsejáték Zrt had after-tax profit of Ft 865 million in the first quarter of 2006, 74.4%...

Automotive

Petrol consumption up 4%-6% in Q1

Hungarian oil and gas company Mol Rt estimates 330,000 tons of petrol and 520,000 tons of diesel were consumed in...

Deals

Agrimill-Agrimpex pays Ft 1.37 bln dividend

Shareholders of grain storage company Agrimill-Agrimpex Rt approved at an annual shareholders' meeting on Tuesday payment of a Ft 1.375...

Competition

GVH fines UPC Ft 10 mln

The Competition Office (GVH) fined ISP UPC Hungary Kft Ft 10 million for unfair advertising, the watchdog announced....

Deals

Hungary to complete sewage projects worth Ft 651 bln by 2015

Hungary will complete Ft 651 billion (€2.47 billion) worth of communal sewage disposal and purification projects by 2015 to meet...

Competition

Parmalat Hungária racks up losses of Ft 2 bln in last year of operation

The former Hungarian unit of troubled Italian dairy giant Parmalat racked up losses of Ft 2.05 billion in the in...

Retail

Tesco revenue increases 14% in 2005

Tesco Global Stores Zrt, the Hungarian unit of UK retailer Tesco, had revenue of Ft 473 billion in 2005, 14%...

Deals

Kopint-Datorg sees urgent need for Ft 500 bln fiscal adjustment

Economic research institute Kopint-Datorg sees an urgent need to prepare a Ft 500 billion deficit reduction package, analysts at the...

Telco

BIF shareholders approve Ft 258 mln dividend

Shareholders of real estate developer BIF Rt approved at an AGM on Monday payment of a Ft 258 million dividend...

Retail

Asko makes its move in Hungary

Turkish home improvement chain Asko is set to enter the Hungarian furniture market soon, business daily Napi Gazdaság reported....

Interview

Monetary Council keeps base rate unchanged at 6%

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the base rate unchanged at 6% at...

Deals

BorsodChem CEO resigns after 15 years

László F. Kovács, CEO of chemicals company BorsodChem Rt, resigned today, the company said in a stock exchange statement....

Automotive

Retail sales volume up adjusted 5.9% yr/yr in January

Retail sales volume increased a calendar year-adjusted 5.9% year on year in February, the Central Statistics Office (KSH) reported on...

Deals

Household paper market expands 9% in 2005

Hungary's market for tissues, toilet paper and paper towels expanded 9% to more than Ft 30 billion in 2005, according...

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...