Industry

Pharma

Gov’t building MotoGP racetrack outside Hajdúnánás for HUF 65 bln

The government is building a modern, multifunctional, economically viable racetrack on the outskirts of Hajdúnánás (215 km northeast of Budapest),...

Pharma

Praktiker turnover climbs 18% in 2019

Sales of do-it-yourself chain Praktiker rose 18% to HUF 67.8 billion last year, the company said on Monday, according to...

Deals

AutoWallis takes over Sloveniaʼs largest BMW dealership

Hungarian automotive company AutoWallis announced successfully closing the transaction of taking over Sloveniaʼs largest BMW dealership in Ljubljana, meaning that...

Deals

Opus Global names new CEO

Attila Zsolt Dzsubák will take over as CEO of holding company Opus Global from July 1, replacing Miklós Gál, according...

Retail

E-retailer eMAG launches physical stores

Online retailer eMAG is launching a physical store network in Hungary, the company announced after its first store opened in...

Automotive

New car market fell 54.5% in May

Due to the coronavirus epidemic, the number of new passenger cars placed on the market in the European Union fell...

Retail

Starting a Post-COVID Recovery Revolution

Telenor Hungary’s Czech CEO Jan Hanus gives a rare and exclusive interview to the Budapest Business Journal on his company’s...

Deals

OECD: COVID 2nd Wave Would Mean 10% hit to Hungary’s Economy

The OECD has predicted Hungary’s economy will suffer a contraction of between 8-10% this year, depending on whether there is...

Transport

Wizz Air to open new base in St. Petersburg

Discount carrier Wizz Air announced that it will open its first base in Russia at Pulkovo Airport in Saint Petersburg...

Automotive

Polish automotive sector to see mass layoffs, report claims

Before the world went into a lockdown, the automotive sector was already reducing headcount due to growing automization. Now, down...

Automotive

Age of used car imports increases

The volume of used car imports has fallen by more than 40% due to the emergency measures introduced to deal...

Automotive

New vehicle registrations continue to plunge in May

New passenger car registrations in Hungary fell 54.5% year-on-year to 6,472 in May, the second full month of the restrictions...

Pharma

GalCap acquires Rumbach Center for German pension fund

GalCap Europe, a real estate asset and investment manager specializing in Austria and Central Europe, has acquired Rumbach Center in...

Pharma

5% of landlords offered rent discounts

The epidemic shocked the rental market, which not only caused rents to fall, but landlords also provided extraordinary discounts to...

Automotive

Romania has fewest cars per 1,000 inhabitants in EU

Romania has the lowest motorization rate among European Union countries, with 332 passenger cars per 1,000 inhabitants as of 2018,...

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...