Industry

Deals

INA books H1 loss on pandemic effect

Croatian oil and gas company INA, a unit of Hungaryʼs MOL, booked a first-half loss of HRK 965 million as...

Automotive

Hungarian car market among least damaged in Europe

In the first half of 2020, 25.3% fewer new cars were sold in Hungary than in the same period of...

Retail

Amazon to add 500 new jobs in central Poland

Amazon will add an additional 500 new jobs in its new e-commerce centre in Łódź, central Poland. Amazon had already...

Retail

Infection of family members named as greatest COVID-19 fear

Some 47% of Hungarians say their greatest coronavirus-related fear is a family member becoming infected, while only 24% say that...

Manufacturing

Korean firms investing ʼseveral 100 millionʼ euros in Hungary

South Korean companies will make investments worth "several hundred million euros" in Hungary in the coming months, Minister of Foreign...

Automotive

Cooper Tire launches USD 55 mln upgrade of Serbian factory

Findlay, Ohio-based Cooper Tire & Rubber Company plans to invest USD 55 million in equipment upgrades and the expansion of...

Deals

Intrum to take over SVEA portfolio

The local unit of Swedish debt collection company Intrum on Monday said that it will be taking over the management...

Deals

MNV relaunches auctions of state-owned real estate

The Hungarian National Asset Management Company (MNV) on Friday said it will re-start a clean-up of its real estate portfolio...

Deals

Cordia raises HUF 37.6 bln from BGS bond sale

Hungarian property developer Cordia raised HUF 37.6 billion in proceeds from the sale of a corporate bond auctioned on Thursday,...

Transport

County motorway vignette turnover edges up in H1

Sales of county motorway vignettes, valid for a calendar year, reached HUF 10 billion in the first half, increasing 1.3%...

Retail

Hungarians plan to spend more on clothes

A recent survey by online reseller Vatera revealed that from March to June, respondents spent an average of HUF 8,875...

Deals

Kométa signs strategic agreement with gov’t

Italian-owned cold cuts producer Kométa 99 Zrt., based in Kaposvár (185 km southwest of Budapest), has signed a strategic cooperation...

Automotive

Opel turns out 10 millionth engine at Hungary base

French-owned carmaker Opel has turned out the 10 millionth engine at its plant in Szentgotthárd (217 km southwest of Budapest),...

Retail

Hell Energy and Hydro announce ʼgreenest beverage can in the worldʼ

Hell Energy Group, a well-known energy and soft drink producer, together with the aluminum company Hydro, signed a contract on...

Automotive

AutoWallis to become importer of Opel brand in 3 CEE countries

Automotive company AutoWallis is set to become the importer of the Opel brand in Croatia, Slovenia, as well as in...

Pharma

Pharmaceutical Logistics Moves Toward Full Automation

Competitiveness in pharma logistics increasingly depends on digitalization, automation, and quality assurance alongside scale, Andor Nagy, deputy CEO for logistics...

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 pharma logistics increasingly depends on digitalization, automation, and quality assurance alongside scale, Andor Nagy, deputy CEO for logistics...

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...