Kategória: Latest news – BBJ on the web
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Serbia agrees to sell Komercijalna Banka to Slovenia’s NLB
Sloveniaʼs Nova Ljubljanska banka (NLB) has become the third-largest bank in Serbia after acquiring an…
Graphisoft Park shareholders approve share buyback
Shareholders of Graphisoft Park, a listed company that owns and operates a business park in…
Home sales slightly down y.o.y. in February
Approximately 13,117 homes were sold in February 2020, about 3% fewer than in the same…
Wizz Air cancels Debrecen-Tel Aviv flights for about a month
Hungarian low-fare carrier is canceling flights between Debrecen (about 195 km east of Budapest) and…
Romania’s president appoints finance minister to form new government
Romania’s President Klaus Iohannis said late on February 26 he has tasked interim Finance Minister…
State media staff need permission to report on Thunberg, EU politics
Hungarian state media bosses banned coverage of leading human rights organizations and told staff they…
Wyser enters Hungarian market
Wyser, an international company within Gi Group, specializing in recruiting and selecting specialized middle and…
EIB and EU signs EUR 204 mln infrastructure deals with Bosnia
The European Investment Bank (EIB) and the European Union will support Bosnia and Herzegovina (BiH)…
GVH investigates Viber
The Competition Authority (GVH) has launched a competition enforcement investigation to determine whether certain commercial…
Hungary PMI falls to 50.1 in February
Hungaryʼs seasonally-adjusted Purchasing Managers Index (PMI) fell to 50.1 points in February from 52.2 points…
Slovenia annual retail sales rise in January
Slovenia’s retail sales turnover rose by 4.5% year-on-year in January, after decreasing by 6.6% in…
Transit zone closed to migrants due to coronavirus risk
Hungary is closing transit zones along its border with Serbia to illegal migrants for an…
Simply Red to play Budapest this year
Following the release of their funky new album, “Blue Eyed Soul”, Simply Red revealed the…
Slovak consumer sentiment improves slightly in February
The consumer confidence indicator in Slovakia edged up to -11.1 in February from -11.9 in…
Domestic SMEs can benefit from international consultation
Hungary is currently ranked 23rd on the European Innovation List, but SMEs can now be…
Short-term Postings, Business Trips and Training: Even More Complicated Administration
Posting is not only a case of an employee working on a specific project abroad,…
El Clásico viewing with tapas at The Ritz-Carlton, Budapest
LaLiga and The Ritz-Carlton, Budapest is set to hold an event tomorrow where fans of…
Average pension half the average salary
On Wednesday morning, the Central Statistical Office (KSH) published earnings figures for December last year,…
Govʼt earmarks HUF 30 bln to manage prison overcrowding
Hungaryʼs government has allocated HUF 30 billion to deal with prison overcrowding this year, Gergely…
Nestle sells its Timisoara factory in W. Romania, Colliers says
Nestle Romania is looking for a buyer for its factory in Timisoara, in western Romania,…
Hungarian on Diamond Princess infected with Coronavirus
A Hungarian citizen working on quarantined cruiser Diamond Princess has tested positive for Coronavirus, Ministry…
Most Hungarians would support CSOs, according to study
A new study, commissioned by Civilisation coalition and Political Capital says that some 70% of…
EU tenders called for Budapest rapid suburban railway upgrade
The renovation and expansion of Budapestʼs HÉV rapid suburban railway line network has been launched…
Logiscool gets EUR 3.5 mln investment
Logiscool, an international leader in coding education for children, announced receiving a EUR 3.5 million…
Insolvencies in Romania down in 2019
In 2019, there were 6,384 insolvent companies in Romania, 22% less compared to the level…
MNB resolute but can do little to address FinTech complaints
The National Bank of Hungary (MNB) on Monday said it will take “determined measures” against…
Former HIPO president joins Danubia Legal as partner
Danubia Legal announced the appointment of former Hungarian Intellectual Property Office (HIPO) president Viktor Łuszcz…
Bosnia registered jobless numbers fall in 2019
The number of registered unemployed people in Bosnia dropped by 7.7% on the year to…
Hungarian annual inflation highest in EU
The annual inflation rate in Hungary was 4.7% in January 2020, which is the highest…
Students returning from Italy quarantined
The National Center for Public Health (NNK) says that 11 high school students, two bus…
Tesco to raise salaries in 2 steps
Tesco-Global Department Stores Zrt. will increase its employee wages in two steps this year, with…
Poland industrial production rises in January
Polandʼs industrial production rose unexpectedly in January, and producer price inflation slowed, figures from the…
Ministry urges ʼcareful considerationʼ before travel to Northern Italy
Hungaryʼs Ministry of Foreign Affairs and Trade on Sunday urged “careful consideration” before traveling to…
Business sentiment worsens, consumer confidence up
Economic research company GKIʼs combined gauge of consumer and business confidence edged down to -2.6…
City Hall calls on Praguers to report Airbnb flats to municipal police
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Hungary, Slovakia sign MoU on gas interconnector expansion
Hungary and Slovakia signed a memorandum of understanding on Friday on expanding gas interconnector capacity,…
JCR upgrades Hungary
The Japan Credit Rating Agency (JCR) on Friday upgraded Hungaryʼs foreign currency long-term issuer rating…
Real estate discounts getting bigger
According to the latest sales data of OTP Real Estate, between November 2019 and the…
Researchers gain greater access to intʼl resources
Researchers in the Hungarian social and natural sciences have access to an increasing number of…
5th Defence Logistics CEE coming in 2 weeks
In less than two weeksʼ time, doors will open to the highly anticipated Defence Logistics…
Croatia real GDP growth slows in Q4, c.bank says
The available monthly indicators suggest that Croatia’s real gross domestic product (GDP) growth slowed in…
Hungary farm sector output reached HUF 2.789 tln in 2019
Gross output of Hungaryʼs agriculture sector rose 3.56% to HUF 2.789 trillion last year, state…
Enterprise birth rate above EU average
The enterprise birth rate in Hungary stood at 12.9% in 2017, well above the European…
Bulgaria average gross monthly wage rises in Q4
The average gross monthly wage in Bulgaria has increased by an annual 12.1% to BGN…
Hungary state debt at 64.8% of GDP at the end of 2019
Hungaryʼs state debt (without Eximbank data) stood at 64.8% of GDP at the end of…
Romania January inflation at 3-month low
Romania’s consumer price inflation eased to its lowest level in three months in January after…
Orbán announces climate plan, blasts Soros in address
Prime Minister Viktor Orbán delivered his annual state-of-the-nation address yesterday at the Castle Garden Bazaar,…
Wizz Air suspends flights to Odessa
Low-cost airline Wizz Air will suspend flights to Odessa from late March to early June…
S&P changes outlook on Hungary rating to ʼpositiveʼ from ʼstableʼ
S&P Global Ratings on Friday changed the outlook on Hungaryʼs “BBB” sovereign rating to “positive”…
Fitch affirms Hungary ʼBBBʼ rating; outlook ʼstableʼ
Fitch Ratings on Friday affirmed Hungaryʼs ʼBBBʼ sovereign rating, two notches over the investment grade…
Number of yearly marriages above EU average
The average number of marriages per 1,000 inhabitants stood at 5.2 in Hungary in 2018,…
Hungary to extend USD 50 mln in tied aid to Rwanda
Hungary will extend USD 50 million in tied aid to Rwanda, Minister of Foreign Affairs…
Hungary could start taking deliveries of Azeri gas from 2023
Hungary could start taking deliveries of 1 billion-2 bln cubic meters of gas from Azerbaijan…
Construction output increased by 21.7% in 2019
According to raw data, construction output was 2.7% higher in December 2019 than a year…
50 SMEs Eligible for Hungarian Multi-Program
About 50 micro, small and medium-sized enterprises are expected to enter this year’s Hungarian multi-program…
Czech ČEZ plans to build car battery ‘gigafactory’
Czech power company ČEZ plans to build a “gigafactory” for batteries for cars in North…
More Hungarians open securities accounts with Treasury
The balances of retail government securities accounts at the Hungarian State Treasury rose to HUF…
AutoWallis discloses theft at BMW dealerships
Listed car seller AutoWallis on Friday disclosed that inventory with a value of “at most…
Lamborghini order lifts Schäfer-Oesterle Kft. revenue
Net revenue of leather car interior maker Schäfer-Oesterle Kft, based in Bonyhád (139 km southwest…
Bosnia retail trade grows in December
Retail sales in Bosnia and Herzegovina jumped 7.3% year-on-year in December, up from a 4.1%…
Wizz Air ends Budapest-Frankfurt flight
Wizz Air has announced that it will cease offering flights between Budapest and Frankfurt from…
Deloitte Hungary appoints new tech advisory partner
Big Four firm Deloitte Hungary announced the appointment of Dániel Kiss as partner of its…
Budapest One Business Park named Europa Design WELL Project of the Year
Budapest One Business Park was named the Europa Design WELL Project of the Year 2019…
Czech c. bank hikes key interest rate unexpectedly
The Czech National Bank raised its key interest rate unexpectedly on February 6, after holding…
Hungary gender pension gap below EU average
In 2018, women in Hungary received a pension that was on average 16% below that…
KitKat Gold to debut in Hungary
Nestlé announced bringing KitKat Gold to Hungary, making the country one of the first European…
Czech industrial production falls in December
The Czech Republic’s industrial production declined further and its trade deficit increased in December, figures…
Opus makes offer for E.ON Hungária energy trader
Listed holding company Opus Global on Monday said it submitted a binding offer to buy…
Trade surplus at EUR 134 mln in December
In EUR terms, the value of exports decreased by 0.8% and that of imports went…
Labor costs weigh on construction companies in Poland more than ever
Business confidence among Polish construction companies tumbled early this year, with the heaviest burden, as…
DUIHK Investment Climate Survey open for participation
The German-Hungarian Chamber of Industry and Commerce (DUIHK) is set to publish its Investment Climate…
Hévíz 12th in European Destinations of Excellence ranking
The Hungarian spa town of Hévíz, home to Europeʼs largest thermal lake, has been voted…
Poland to hold presidential elections in May
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Tourism nights, sales revenues up in December
In December 2019, the number of nights spent by international tourists increased by 13% and…
Gen govʼt shows January surplus
Hungaryʼs cash flow-based general government balance, excluding local councils, had a HUF 90.4 billion surplus…
Lithuania HICP inflation accelerates further in January
Lithuania’s EU measure of inflation accelerated for a third straight month in January, flash estimates…
ChocoMe: from a home-grown enterprise to a globally renowned chocolate empire
You have probably heard the brand name “chocoMe”. Over the last few years the press…
BBJ Expat CEO of the Year 2020 gala gallery
Pictures from the BBJ Expat CEO of the Year 2020 gala. More will soon be…
Croatia retail sales rise in December
Croatia’s retail sales rose in December after easing in the previous month, data from the…
Spar joins NKM EV charger network
Spar announced the integration of its 33 EV chargers built last year into the Mobiliti…
Hungary PMI falls to 52.5 in January
Hungaryʼs seasonally-adjusted Purchasing Managers Index (PMI) fell to 52.5 points in January from 53.9 in…
PPI rises 2.4% in December, up 2.1% in 2019
Industrial producer prices as a whole were 2.4% higher in December 2019 than in the…
Qatar Airways suspends flights to China
Qatar Airways has taken the decision to suspend flights to mainland China starting today, until…
The number of non-EU workers in Slovakia increases
About 78,300 foreigners worked in Slovakia in the end of 2019, local media reported citing…
AutoWallis vehicle sales up 21.1% in 2019
Listed auto trader AutoWallis says that it managed to grow its total number of vehicle…
Graphisoft seeks clearance for EUR 33 mln structured share repurchase
Graphisoft Park, a listed company that owns and operates a business park in the north…
Romanian jobless rate falls to 4-month low in December
Romania’s unemployment rate edged down to 3.9% in December compared to 4% in the previous…
Price of pork skyrockets
The price of pork has increased significantly in recent months and, according to the supermarket…
400,000 Poles in UK without settled status, Polish daily says
About 400,000 Poles living in the United Kingdom have not yet applied for “settled status”,…
Cisco: Tech Trends for 2020 and Beyond
The Budapest Business Journal talks with Cisco Hungary general manager Ottó Dalos about the tech…
Mercedes Hungary: production at full capacity
Demand for Mercedes-Benz compact cars is buoyant worldwide, with a full capacity production program for…
Hungary importing less electricity
Gross domestic electricity consumption reached 45.66 TWh in 2019, an increase of 243 GWh, or…
Hungarian-based Global Automotive Software Supplier NNG on Automotive Industry Trends
The continuous development of the software industry is having a powerful impact on a growing…
Melanie Seymour named Expat CEO of the Year
BlackRockʼs Melanie Seymour took home the BBJ Expat CEO of the Year award at the…
Szentkirályi-Kékkuti celebrates year of record sales
Mineral water and soft drinks company Szentkirályi-Kékkuti Ásványvíz Kft. closed 2018 with HUF 17.2 billion…
1 in 5 firms see compliance with GDPR as impossible – EY
Most companies are unable to fully satisfy the terms of the EUʼs General Data Protection…
BP Szeged SSC headcount approaching 500
The headcount of BPʼs shared services facility in Szeged, southern Hungary, is closing in on…
Investment fundsʼ net asset value up 5% in 2018
Net asset value (NAV) of investment funds in Hungary rose 5% to total some HUF…
Business confidence down, consumer confidence up in February
Economic research institute GKIʼs Economic Sentiment Index, its combined gauge of consumer and business confidence,…
Business confidence worsens, consumer confidence improves in February – GKI
Economic research institute GKIʼs combined gauge of consumer and business confidence fell 0.4 point to…
Tarlós recommends flight ban between midnight and 5 a.m.
Mayor of Budapest István Tarlós said he would recommend closing Ferenc Liszt International Airport to…
KKI presents roundtable on last 100 years of Austria
The Institute of Foreign Affairs and Trade (KKI) is organizing a pubic lecture titled “100…
Fitch upgrades Hungary to ʼBBBʼ; outlook ʼstableʼ
Fitch Ratings raised Hungaryʼs long-term foreign and local currency Issuer Default Ratings (IDRs) from “BBB-”…
More European funds to support energy efficiency in residential buildings
The European Local Energy Assistance (ELENA) facility will benefit from EUR 97 million of new…
Govʼt decides on developments in 440-450 villages
Hungaryʼs government took decisions on “economic development matters” affecting 440-450 villages at a cabinet meeting…
Oxford University Press opens Budapest tech center
Oxford University Press opened its most recent tech center in Budapest; it will strengthen OUPʼs…
3 out of 10 Hungarians changed jobs due to workplace stress
About three out of ten employees in Hungary have already changed jobs due to workplace…
Ticket sales for direct Shanghai-Budapest flights start in June
Sales of tickets for direct flights between Budapest and Shanghai are set to start on…
Enmech Hungary invests HUF 6.4 bln in capacity expansion
Automotive parts manufacturer Enmech Hungary is investing HUF 6.4 billion in expanding production capacity at…
Microsoft Hungary names Mattheisen new general manager
Microsoft Hungary has announced the appointment of former Magyar Telekom CEO Christopher Mattheisen as general…
Gerald Grace named Invitech CEO
Business IT solutions provider Invitech has announced the appointment of Gerald Grace as Chief Executive…
Hungaryʼs state debt 70.9% of GDP, including Eximbank
Hungaryʼs national debt as a percentage of GDP reached 70.9% at the end of last…
ALLEA reinforces call for academic freedom of MTA
The European Federation of Academies of Sciences and Humanities (ALLEA) has repeated its call to…
Slovenia to cancel hydroelectric plants along Mura
Sloveniaʼs Minister of the Environment Jure Leben has announced a decree that will cancel the…
MNB sets date for old HUF 10,000 bill withdrawal
The National Bank of Hungary (MNB) will withdraw old HUF 10,000 bills at the end…
The music of nations presents France
The concert series of the Sinfonietta Pannonica Ensemble, representing the style and tunes of various…
S&P upgrades Hungary to ’BBB’; outlook ’stable’
Standard & Poor’s Global Ratings, one of the three big ratings agencies, has upgraded Hungary’s…
Dunaferr raises wages by 13% on average
Iron- and steel group Dunaferr announced it will raise the salary of its employees by…
Work permit quota for non-EU nationals set at 57,000 in 2019
Hungaryʼs Minister of Finance has set the quota for work permits issued to foreign nationals…
Farmgate prices up 5.8% in December – KSH
Farmgate prices in Hungary were up 5.8% year-on-year in December 2018, the Central Statistical Office…