Industry

Pharma

Teva to invest USD 42 mln in new drug plant in Bulgaria

Israel-based Teva Pharmaceutical Industries will make a strategic investment of some USD 42 million (EUR 35 million) in the construction...

Automotive

Robert Bosch Hungary develops EV motor cooling system

Robert Bosch Energy and Body Systems developed a cooling pump and motor cooling fan for electric vehicles with its consortial...

Manufacturing

Masterplast to build HUF 5.1 bln XPS insulation plant in Serbia

Listed Hungarian building materials maker Masterplast on Friday said it is building a HUF 5.1 bln extruded polystyrene (XPS) insulation...

Manufacturing

Bosch inaugurates Miskolc base expansion

German-owned Bosch Power Tool inaugurated a HUF 14 billion expansion at its base in Miskolc (180 km northeast of Budapest),...

Transport

40% of Pest County commuted in 2020

Some 40% of the population of Pest County commuted between home and work in 2020, according to EU statistical agency...

Transport

Budapest Airport starts taxiway renovation project

Budapest Airport is going to refurbish taxiways P1-P3, L, R and Q in order to ensure the safe, efficient and...

Deals

MOL announces conditions of ING share option agreement

Hungarian oil and gas company MOL on Wednesday announced the terms and conditions of a share option agreement it concluded...

Retail

Polish retail sales rise in May 

Retail sales in Poland increased 19.1% year-on-year in May, lower than a 25.7% jump in the previous month, figures released...

Automotive

Magyar Suzuki produces 112,475 vehicles in 2020

In 2020, a total of 112,475 vehicles rolled off the production line at Magyar Suzuki Esztergom plant, with hybrid cars...

Transport

Wizz Air relaunching flights to Spain

Hungarian low-fare carrier Wizz Air yesterday announced the relaunch of flights between Hungary and Spain after Spain stopped requiring immunity...

Pharma

Richter selling businesses in Moldova

Hungarian pharmaceutical company Gedeon Richter yesterday said it agreed to sell its wholesale and retail businesses in Moldova, according to...

Transport

MÁV, Volánbusz switching to summer schedule this week

The Volánbusz summer schedule will be effective from Wednesday and from Saturday for railways, according to Hungarian State Railways (MÁV),...

Retail

Spar opens, renovates stores for HUF 1.9 bln 

Supermarket chain Spar has invested more than HUF 1.9 billion to open new stores in Budapest and Sopron (210 km...

Manufacturing

Lego to spend HUF 53 bln on expansion in Hungary

Denmark's Lego will spend HUF 53 billion to expand its manufacturing base in Nyíregyháza (about 207 km east of Budapest),...

Automotive

Recovery of used car market continues in May

A total of 323,000 used cars were sold in Hungary in January-May 2021, which is just 1% below the number...

Pharma

Pharmaceutical Logistics: From Reliable Support to Strategic Partnership

Pharmaceutical logistics now encompasses much more than warehousing and transportation. László Dene, deputy CEO for business at Hungaropharma Zrt., discusses...

Pharma

Advancing the Conversation on Ovarian Cancer

Javier Aracil, AbbVie’s general manager for the Adriatics and Hungary, reflects on how greater awareness, continued innovation and collaboration across...

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...

Pharmaceutical Logistics: From Reliable Support to Strategic Partnership

Pharmaceutical logistics now encompasses much more than warehousing and transportation. László Dene, deputy CEO for business at Hungaropharma Zrt., discusses...

Wizz Air Luton–Sofia Flight Diverted to Budapest After Bomb Threat

A Wizz Air flight from London Luton to Sofia was diverted to Budapest after receiving a bomb threat during the...

Pirelli Cinturato Winter 3 Takes Top Honors in European Tests

As winter approaches, drivers face a familiar question: which tires can provide dependable performance when road conditions start to change?...

Advancing the Conversation on Ovarian Cancer

Javier Aracil, AbbVie’s general manager for the Adriatics and Hungary, reflects on how greater awareness, continued innovation and collaboration across...

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,...