Industry

Automotive

Volkswagen in talks to sell Bugatti brand to Croatia’s Mate Rimac

Germany’s Volkswagen Group is holding talks to sell its luxury car brand Bugatti to Croatia’s Mate Rimac, the founder of...

Manufacturing

Toyo to invest EUR 364 mln in Serbian factory by end-2023

Japanese tire and rubber company Toyo Tire Corporation plans to invest EUR 364 million in its factory in the Serbian...

Retail

Strengthening Brand and Team in ‘Strange Times’

Penny Market Hungary, a member of the REWE Group, now has more than 4,700 staff and 223 stores in Hungary....

Transport

Lufthansa Technik Budapest Pilots way Thru COVID Crisis

If the human cost of the COVID-19 pandemic is best illustrated by the now iconic medical face mask, the economic...

Deals

Business Services Join Forces to Promote Sector

The American Chamber of Commerce, supported by the Hungarian Investment Promotion Agency, has launched what the parties call an “unprecedented”...

Transport

Ferenc Liszt Intʼl cargo volume down 3% y.o.y.

Budapest Airport handled 84,510 tons of air cargo between January-August 2020, only 3.3% less than during the same period of...

Automotive

AutoWallis picked to become Opel’s importer in Hungary as well

Following three other countries in the region, Opel has chosen AutoWallis to be the importer of the brand in Hungary...

Transport

Hungary 1st in EU in proportion of passenger kilometers traveled by bus

While the car was the dominant form of inland transport in all EU Member States in 2018 compared with other...

Automotive

Green license plates double in year and a half

The number of green license plates in Hungary has doubled in a year and a half, Gábor Gablini, president of...

Deals

U.S.-based Digital Realty unit Interxion acquires Croatia’s Altus IT

U.S.-based Digital Realty said its European provider of carrier- and cloud-neutral colocation data center solutions, Interxion, has acquired Croatia’s leading...

Manufacturing

Romania industrial production rises in July

Romania’s industrial production rose in July, the latest data from the Bucharest-based National Institute of Statistics (INS) shows. Industrial production...

Retail

Penny Market donates HUF 5 mln to ambulance service foundation

Discount retail chain Penny Market donated HUF 5 million to the National Ambulance Service Foundation (OMSZA), according to a press...

Retail

New McDonaldʼs restaurants open on M1 motorway

Two McDonaldʼs restaurants have opened on opposite sides of the M1 motorway which runs between Budapest and the Austrian border,...

Retail

Bulgaria’s retail sales down in July

Bulgaria’s retail sales at constant prices fell 17.5% year-on-year in July after decreasing by an annual 18.1% in the previous...

Retail

Slovenia industrial output falls less in July

Slovenia’s industrial production dropped 4.6% year-on-year in July following a 12.1% decline in the previous month, the Statistical Office of...

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,...