Industry

Transport

Wizz Air warns travel restrictions could keep capacity around 60%

Hungarian low-fare airline Wizz Air on Tuesday said its capacity is likely to be lower than anticipated in the third...

Retail

Coronavirus shifts retail focus from physical to online space

During the epidemic, 98% of retail tenants initiated consultations with their landlord, with whom they largely managed to agree on...

Transport

MÁV to suspend sleeping, dining cars on international routes

Hungarian State Railways (MÁV) will suspend the service of sleeping and dining cars on its international routes in line with...

Automotive

SHARE NOW lowers fees, adds new subscription plan

Car-sharing company SHARE NOW lowered fees for its smallest cars, and introduced the Pass25 subscription plan in Budapest this month,...

Automotive

AutoWallis books H1 loss on narrower margin

Listed car seller AutoWallis had a first-half loss of HUF 773 million as sales margins narrowed, an earnings report released...

Manufacturing

SK Battery Manufacturing Kft. to raise headcount to 1,400 by 2022

South Korean-owned SK Battery Manufacturing Kft. has started recruiting and training workers for its electric vehicle battery plant in Komarom...

Deals

Bigger business volume lifts 4iG profit 34% in H1

A bigger order book lifted listed IT company 4iGʼs first-half after-tax profit 34% year-on-year to HUF 775 million, state news...

Deals

New lease transactions signed at CPIʼs Gateway office complex

In the fall, two Hungarian subsidiaries of globally market-leading Swiss hearing aid manufacturer and distributor Sonova Group will move into...

Manufacturing

Lego plant in Nyíregyháza sees rise in orders

Lego Manufacturing Kft., based in Nyíregyháza (240 km northeast of Budapest) increased its net sales by almost 12% to HUF...

Deals

MNB to raise weekly QE purchases to around HUF 40 bln

The National Bank of Hungary (MNB) will raise the amount of government securities it buys weekly in the framework of...

Transport

HUF 32 bln to renovate 20 railway lines in next budget cycle

In order to successfully commit the amount of funds expected to be available for fixed-track investments in the EU financial...

Deals

MOL wins HUF 483 mln grant for polyol development

Hungarian oil and gas company MOL has won a HUF 483 million grant in a tender called by the National...

Manufacturing

Hell Energy expecting new plant in September

Hell Energy Hungary Kft. is expecting a new development in Szikszó (195 km northeast of Budapest) in September, and the...

Pharma

Hungarian state transfers Richter shares to Corvinus foundation

The stake of the Hungarian state, as represented by the Hungarian National Asset Management Zrt., in Gedeon Richter Nyrt. decreased...

Deals

JP Morgan raises target price of OTP

JP Morgan updated its analysis of OTP shares on Tuesday, with the previous HUF 12,900 target price being replaced by...

Pharma

Pharmaceutical Logistics Moves Toward Full Automation

Competitiveness in pharmaceutical logistics increasingly depends on digitalization, automation and quality assurance alongside scale....

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 Moves Toward Full Automation

Competitiveness in pharmaceutical logistics increasingly depends on digitalization, automation and quality assurance alongside scale....

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...