Industry

Transport

Independent gas station owners form association

The operators of 300-400 independent gas stations announced the formation of a business association on Monday, according to a report...

Manufacturing

Poland industrial production, producer prices increase in Jan

Poland's industrial production grew 19.2% annually in January, data from Central Statistical Office (GUS) showed on Friday....

Deals

Hungary acquires 45% stake in VIG-Aegon tie-up

The state of Hungary signed a contract on Monday to acquire a 45% stake in the local businesses of Vienna...

Retail

GVH fines Alza.hu HUF 40 mln

Hungary's Competition Office (GVH) said it fined online retailer alza.hu and its Czech parent company HUF 40 million for putting...

Retail

Rossmann sales rise 9% in 2021

Turnover of the local unit of German drugstore chain Rossmann rose 9% to HUF 115 billion last year, Rossmann Magyarország...

Deals

ÁKK seals liquidity management agreement with Poland

Hungary's Government Debt Management Agency (ÁKK) announced a general agreement with Poland on cooperation under liquidity management in a release...

Automotive

BMW Debrecen plant development advancing on schedule

Development of BMW Group's EUR 1 billion plant in Debrecen (195 km east of Budapest) is "proceeding according to plan",...

Transport

1 mln use MÁV-Volán online platforms

More than 1 million people have already registered for the MÁV-Volán Group's online ticketing systems, the MÁV application (which includes...

Transport

Budapest Airport developments exceeded HUF 70 bln in past 3 years

Between 2019 and 2021, operator Budapest Airport spent more than HUF 70 billion on development projects at Ferenc Liszt International...

Deals

McKinsey acquires IncepTech, opens studio in Budapest

McKinsey has acquired Hungarian digital transformation and innovation startup IncepTech, according to a press release sent to the Budapest Business...

Deals

State moves closer to acquiring stake in VIG-Aegon tie-up

The Finance Ministry on Wednesday said the state has taken another step toward acquiring a stake in the Hungarian companies...

Retail

Jysk recruits staff for EUR 200 mln regional distribution center

Danish home furnishings retailer Jysk is recruiting to fill 300 positions at a new EUR 200 million regional distribution in...

Deals

Schneider Electric expands range of domestic suppliers

Energy management and automation company Schneider Electric is expanding the number of suppliers in the region, including Hungary, according to...

Pharma

Pfizer delivers another shipment of COVID jabs for children

Another delivery of the Pfizer-BioNTech coronavirus vaccine for children aged 5 to 11 has arrived in Hungary, the local unit...

Retail

Staple food price cap compliance strong

Government officials have found 42 violations in a price cap compliance probe of over 500 shops, the Innovation and Technology...

Manufacturing

Coca-Cola HBC Hungary Announces Record HUF 35 bln Expansion

Coca-Cola HBC Magyarország announced a HUF 35 bln investment to expand its Dunaharaszti production center on Wednesday, marking its largest...

Retail

Aldi Hungary Challenges HUF 123 mln Fine Over Advertising Claims

Aldi Magyarország is seeking a court review of a Hungarian Competition Authority (GVH) decision fining it HUF 123 mln for...

Pharma

From Youth-led Ideas to Decision-Makers’ Table: A Day Revolving Around the Future of Hungarian Science and Healthcare

How can Hungary become a regional hub for clinical trials? Young physicians, researchers, and biotech innovators spent a morning tackling...

Pharma

Rooftop Breakfast Offers Helicopter View of AI’s Impact on Pharma

About 50 guests began their day in the beautiful setting of the Duchess Rooftop Bar of the Matild Palace Hotel...

Hungary’s First Mr D.I.Y. Store to Open at Köki Alongside Popeyes

Budapest’s Köki shopping center will welcome Hungary’s first Mr D.I.Y. store and the country’s fourth Popeyes restaurant in November. Footwear...

Coca-Cola HBC Hungary Announces Record HUF 35 bln Expansion

Coca-Cola HBC Magyarország announced a HUF 35 bln investment to expand its Dunaharaszti production center on Wednesday, marking its largest...

Ryanair Adds 12th Budapest Aircraft and Eight Routes for Winter

Ryanair will base a 12th aircraft in Budapest for its winter 2026 schedule, operating 54 routes, including eight new connections,...

Michelin Celebrates 30th Anniversary of Presence in Hungary

Michelin celebrated the 30th anniversary of its presence in Hungary at an anniversary event at its Nyíregyháza facility (231 km...

Aldi Hungary Challenges HUF 123 mln Fine Over Advertising Claims

Aldi Magyarország is seeking a court review of a Hungarian Competition Authority (GVH) decision fining it HUF 123 mln for...

Geely Leads Interest in Chinese Car Brands Newly Launched in Hungary

Geely attracted the most interest among Chinese car brands entering Hungary this year, according to January-September data from used car...

Futureal Acquires Hungary’s Largest Outlet Center

Futureal has acquired Premier Outlet Budapest, Hungary’s largest outlet center, as it expands its Hungarian operations into direct investment in...

Serbia Says MOL Deal for NIS Stake Signed; MOL Reports No Disclosure Update

A contract for MOL’s acquisition of a stake in Serbian oil and gas company NIS from Russia’s Gazprom Neft has...

From Youth-led Ideas to Decision-Makers’ Table: A Day Revolving Around the Future of Hungarian Science and Healthcare

How can Hungary become a regional hub for clinical trials? Young physicians, researchers, and biotech innovators spent a morning tackling...

Wizz Air Enters Winter With Fuel Hedges and Record Summer Traffic

Discount airline Wizz Air is preparing for winter with more than EUR 2.2 billion in liquidity and fuel hedges covering...

Older Small Cars Rise in Price as Hungary’s Budget Used-Car Supply Shrinks

Suzuki Swift asking prices rose 25.8% year-on-year in September as the share of used cars below HUF 2.5 mln shrank,...

Lake Balaton Cycling Upgrades to Add Wider Paths and New Bridges

Nearly 20 km of the Lake Balaton cycling circuit will be renovated under two programs financed through EU and domestic...

Rooftop Breakfast Offers Helicopter View of AI’s Impact on Pharma

About 50 guests began their day in the beautiful setting of the Duchess Rooftop Bar of the Matild Palace Hotel...

Resident Evil Game Prices Rise Around Film Premiere

Physical console editions of several Resident Evil games rose in price around the film’s Sept. 17 theatrical release, according to...

FDA Accepts Richter’s Fylrevy Menopause Therapy Application for Review

The U.S. Food and Drug Administration (FDA) has accepted Gedeon Richter’s new drug application for Fylrevy, the Hungarian pharmaceutical company...