Business

Deals

Central bank leaves key rate unchanged at 6%

The National Bank of Hungary (MNB) left its 6% benchmark interest rate unchanged for a sixth month at its Monday...

Deals

Hollóház expects small profit in 2006

Majority state-owned porcelain maker Hollóház expects a small profit in 2006, after four years of losses, business daily Napi Gazdaság...

Sustainability

Supply on office market to jump in 2006 – DTZ

Supply on Budapest's modern office space market could expand as much as 200,000 square meters in 2006, well over the...

Deals

Albacomp CEO to resign

Construction

Construction output up 12.8% yr/yr in January

Construction industry output rose 12.8% year-on-year in volume terms in January 2006 after adjustment for differences in the number of...

Deals

OTP declines bidding for Splitska

OTP Bank Rt decided not to submit a binding bid for a 99.75% stake in HVB Splitska banka d.d. because...

Retail

Charles Vogele opens first shop in Hungary

Charles Vogele Holding, a Swiss maker of fine clothing, has opened its first shop in Hungary, in Veszprém, northwest Hungary,...

Deals

Pannonplast establishes plastics venture with Prettl

Pannonplast Rt, a maker of plastic packaging, will form a venture with Prettl Management Service GmbH so the German company...

Competition

FinMin forecasts March fiscal deficit at Ft 262.6 bln

The Finance Ministry forecasts a cashflow-based general government deficit of Ft 262.6 billion (€1 billion) excluding local councils in March,...

Competition

ÁPV receives four bids for Csepel Dockyards operator

The State Privatization and Holding Rt (ÁPV) announced on Thursday it had received four bids for a 99% stake in...

Ecosystem

Budapest Bank clients receive Ft 3.3 bln in GVOP grants

Budapest Bank Rt’s corporate clients have received a combined Ft 3.3 billion in grants under the state- and EU-sponsored Economic...

Competition

Portfolio increases ownership in Synergon

Portfolio Kft, a Hungarian subsidiary of Austria's Erste Bank AG, raised its stake in Hungary's biggest independent computer-services company Synergon...

Deals

Industrial output up adjusted 11% yr/yr in January

Hungary's industrial output rose by a seasonally and working day-adjusted 1.3% in January from December 2005 and was up by...

Deals

OTP to finance 10 new MÁV trains

OTP Bank Rt has won the tender to finance the purchase of 10 new Bombardier Talent trains for Hungarian Railways...

Retail

C&A expansion continues in spring

Clothing retailer C&A will open its 11th store in Budapest on March 16, the company announced....

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...