Business

Deals

Vodafone appoints CEO of Hungarian unit to head Turkish acquisition

Attila Vitai, the head of Vodafone's unit in Hungary, has been appointed CEO of Turkey's Telsim, which Vodafone acquired at...

Telco

Samsung targets 20% increase in revenue from handset sales

The Hungarian unit of Korea's Samsung targets revenue of Ft 18 billion in 2006, 20% more than in 2005, sales...

Deals

Mol completes sale of gas units to E.ON

Hungarian oil and gas company Mol Rt completed the sale of two gas units to Germany’s E.ON AG on Friday,...

Deals

ING to use Hungarian unit to set up subsidiary in Bulgaria

Dutch insurer ING announced on Thursday it would use its Hungarian unit, ING Insurance Rt, to set up a subsidiary...

Competition

GVH fines Tele2 Ft 50 mln for false advertising

The Competition Office (GVH) announced on Thursday it fined Swedish-owned telecom service provider Tele2 Ft 50 million for false advertising....

Telco

Magyar Telekom announces delay of AGM

Magyar Telekom Nyrt announced on Thursday it would be unable to schedule its annual shareholders' meeting by the end April,...

Construction

Industrial output expands at near-record pace in January

Hungary's industrial output achieved a near-record increase in January, rising 14% year on year (or a workday-adjusted 11%), partly due...

Deals

Credit Suisse BUBOR Plusz Fund assets reach Ft 2.5 bln

Assets in the Credit Suisse BUBOR Plusz Fund, started by the Hungarian fund manager of Credit Suisse Asset Management (CSAM)...

Telco

Magyar Telekom bids for Invitel

Magyar Telekom Nyrt has made an offer for fixed-line phone operator Invitel Rt, Bloomberg reported citing Dow Jones Newswires....

Sustainability

TriGránit wins €150 mln-€200 mln tender

Construction company TriGránit Rt has won a tender worth €150 million-€200 million to renovate a train station in Belgrade, the...

Deals

Budapest takes out Ft 25 bln OTP loan

The Budapest City Council announced Friday that it signed on for a Ft 25 billion loan contract with OTP Bank...

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...