Industry

Pharma

Richter extends cariprazine licensing deal to Japan, Taiwan

Hungarian pharmaceutical company Gedeon Richter on Wednesday announced the extension of a licensing agreement with U.S. peer AbbVie for its...

Transport

Hungary to add extra letter to license plates

Hungary will add another letter to its number plates from July 1, 2022, as its fleet of motor vehicles grows,...

Transport

Wizz Air reopens Debrecen base

Hungarian low-fare carrier Wizz Air has re-opened its base in Debrecen (220 km east of Budapest), the airline said yesterday,...

Deals

Optima acquires Metropolitan University

Hungarian asset management company Optima Befektetési has acquired Metropolitan University (METU), a private school in Budapest, from Warsaw-based private fund...

Retail

Croatia retail sales rise at record pace in April

Croatia's retail sales surged 34.4% from a year earlier in April, following a 14.2% increase in the prior month, data...

Retail

Estonia retail sales rises in April

Estonia retail sales, excluding motor vehicles and motor cycles trade, rose 23.0% year-on-year in April, data from the Tallinn-based Statistics...

Automotive

Hungarian Mini- and Midibuses: Smaller Investment, Effective Operation for a Livable Environment

The history of KF Service Solutions Kft., founded by Pál Lovász and five others, has been linked to the Hungarian...

Automotive

Thyssenkrupp Planning for a Successful Year in Hungary

Thyssenkrupp Components Technology Hungary Kft. managing director Marc de Bastos Eckstein reflects on how COVID has impacted the automotive industry...

Retail

STOP SHOP network in Hungary nears full occupancy

The entire portfolio of the STOP SHOP retail network in Hungary, operating on 136,000 sqm in 14 locations and is...

Retail

Szerencsejáték revenue climbs over HUF 575 bln in 2020

Revenue of Szerencsejáték rose 6% to HUF 575.4 billion last year, the state-owned lottery company said on Monday, according to...

Transport

Sister airport agreement signed between Pudong, Budapest Airport

Budapest Airport announced signing a sister airport agreement with Shanghai Pudong International Airport, in addition to launching the Ningbo-Budapest-Ningbo cargo...

Manufacturing

BAT switching to nicotine pouch production in Pécs

British American Tobacco (BAT) is shutting down most of its cigarette production in Pécs (195 km southwest of Budapest) and...

Transport

Budapest Airport books EUR 110 mln loss in 2020

Ferenc Liszt International operator Budapest Airport said it racked up a EUR 110 million loss in 2020 as revenue plunged...

Deals

M&A activity in Hungary steady in spite of crisis

Merger and acquisition activity in Hungary remained steady last year even as volume declined in the region and globally, state...

Deals

HOA and KSH sign cooperation agreement

The Hungarian Service Industry and Outsourcing Association (HOA) and the Hungarian Central Statistical Office (KSH) have signed a cooperation agreement...

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,...