Industry

Transport

New protective gear arrives in Hungary

Six million masks and three million gloves arrived on what Hungary calls its China airbridge today (Saturday), Minister of Foreign...

Deals

MOL closes acquisition of stake in Azeri oil field

Hungarian oil and gas company MOL said it closed the acquisition of a 9.57% stake in the Azeri-Chirag-Gunashli oil field...

Automotive

Romania industrial production falls in February

Romania’s industrial production fell in February, driven by a decline in energy, the latest data from the Bucharest-based National Institute...

Automotive

Automotive sector output growth slows to 5% in Feb

Output of Hungaryʼs automotive sector, an engine of industrial growth, rose 5% year-on-year in February, decelerating from the previous month,...

Automotive

Hankook Tire restarts production in Hungary

South Koreaʼs Hankook Tire restarted production at its plant in Hungary on Tuesday, according to a report by state news...

Retail

’Our Street’ community platform given support by MOL Limo

In response to the epidemiological situation that has developed in recent weeks, the local community-building platform Miutcánk (Our Street) has...

Transport

Wizz Air fires 1,000 staff to mitigate COVID-19 financial impact

Discount airline Wizz Air announced a decision to fire 1,000 of its employees, a workforce reduction of 19%, and cut...

Deals

Zentiva closes takeover of Alvogen’s business in Romania, Bulgaria, Croatia

Pan-European pharmaceutical company Zentiva Group said on April 7 that it has completed the acquisition of U.S.-based Alvogen’s Central and...

Automotive

Romania GDP expands in Q4

Romania’s economy grew a seasonally adjusted 1.5% sequentially in the fourth quarter of 2019 after rising 0.6% in the third...

Deals

MOL withdraws 2020 EBITDA guidance

Hungarian oil and gas company MOL on Wednesday said it is withdrawing its guidance for 2020 EBITDA because of uncertainty...

Retail

Operating a Telco Giant in the Time of COVID-19

The Budapest Business Journal talks with Judit Endrei-Kiss, chief HR officer at Telenor Hungary, about the extraordinary measures taken to...

Deals

Need for Liquidity Apparent in Investment Market

Will the perception of the Central European region as a relatively low risk, high yielding investment option survive in the...

Deals

United Group receives Commission’s nod to acquire Bulgaria’s BTC

The European Commission said on April 6 that it has cleared the acquisition of the Bulgarian Telecommunications Company (BTC) by...

Automotive

Czech industrial production fall slows in February

The Czech Republic’s industrial production declined at a softer pace in February, the latest figures from the Czech Statistical Office...

Deals

PACCAR extends factory closures until April 20

PACCAR announced extending the suspension of truck and engine production at its factories worldwide until April 20, 2020....

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...