Industry

Deals

Hiventures sells 27% stake in Webshippy

Hiventures, the venture capital fund manager of the state-owned Hungarian Development Bank (MFB), has sold its 27% stake in Hungarian...

Transport

FlixBus, FlixTrain register 30 mln passengers in 2020

In 2020, around 30 million passengers traveled around the world as part of the FlixBus and FlixTrain offer – almost...

Retail

Poland retail sales fall more than expected in December

Poland's retail sales declined 0.8% year-on-year in December, after a 5.7% growth in the same month last year, figures from...

Automotive

BorgWarner, Jabil to invest in Hungarian operations

U.S. automotive industry companies BorgWarner and Jabil will invest a combined HUF 12bn at their bases in Hungary, Minister of...

Automotive

Avg used car price in Hungary climbs 25% in 2020

The average price motorists paid for a used car in Hungary rose 25% to HUF 3,110,000 last year, used car...

Transport

Wizz Air announces 7 new routes from Poland

Low-fare carrier Wizz Air announced the addition of seven new low-fare holiday routes from Poland....

Transport

Rail Cargo Hungaria acquires TS Hungaria 

Rail Cargo Hungaria has acquired 100% of rolling stock maintenance, development and manufacturing company Technical Services Hungaria Jarmujavito as of...

Deals

Hungary seals deal to acquire Russian COVID-19 vaccine

Hungary has signed a contract to acquire Russia's Sputnik V COVID-19 vaccine, Minister of Foreign Affairs and Trade Péter Szijjártó...

Deals

Thyssenkrupp to set up HUF 2.2 bln development base in Veszprém

Germany's thyssenkrupp will set up a HUF 2.2 billion engineering development base in Veszprém (about 122 km west of Budapest),...

Pharma

Hungarian authorities clear Russian, U.K. COVID-19 vaccines

Hungary's National Institute of Pharmacy and Nutrition (OGYÁI) has issued temporary licenses for COVID-19 vaccines developed in Russia and the...

Automotive

BMW sales fell 5% last year

BMW brand sales in Hungary fell 5% last year, well under the close to 19% drop in overall new car...

Transport

EUR 167 mln spent by Budapest Airport on development projects in the last 2 years

During the past two years, operator Budapest Airport implemented EUR 167 million worth of investments at Ferenc Liszt International Airport,...

Transport

Budapest Airport preparing for virus passport

Budapest Airport is constantly monitoring the good practices of the world's airports and has been preparing for months so that...

Deals

Poland’s Prime Label to acquire Slovenian printing house LabelProfi

Poland's Prime Label Group, owned by Central and Eastern Europe-focused private equity firm Innova Capital, signed an agreement to acquire...

Transport

Qatar Airways celebrates 10th anniversary of 1st Budapest-Doha flight

Qatar Airways celebrated 10 years of linking the Hungarian capital with the capital city of Qatar, Doha and the Qatar...

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,...