Industry

Deals

Lottery company Szerencsejáték to raise prices

State-owned lottery company Szerencsejáték is raising the base price of its most popular games from the end of 2019 to...

Deals

TV2’s credit rating to be reviewed

Scope Ratings GmbH is reviewing a credit rating previously issued for TV2 Group after the broadcaster informed the agency of...

Automotive

100,000th e-engine made at Audi Győr

Just one and a half years after the start of serial production, Audi Hungaria’s staff made their 100,000th e-engine in...

Deals

Record-sized defense budget incoming in 2020

The Ministry of Defense will have a total budget of HUF 616 billion next year, Parliamentary State Secretary Szilárd Németh...

Transport

Wizz announces daily flights to Paris-Orly

Discount airline Wizz Air announced launching daily flights from Budapest to Paris-Orly, starting March 2020, according to a press release...

Retail

Czech online supermarket Rohlik.cz expands to Hungary

The largest Czech online supermarket Rohlik.cz has opened up a new online food store in Hungary. Called Kifli.hu, the website...

Deals

New law to boost private investment, expert says

A "Christmas surprise" is coming for private investors and their asset managers in Hungary, because the institutional structure will loosen...

Pharma

Hungary in running for new Huawei factory

Vu Pi-jiang, managing director of Huawei’s Hungarian subsidiary, said in an interview with leading business daily Világgazdaság that Hungary will...

Automotive

Czech producer price inflation steady in November

The Czech Republic’s producer price inflation remained stable in November, figures from the Czech Statistical Office (CZSO) show....

Deals

OMV Petrom buys stake in Bulgarian offshore project from parent company

Romania’s top oil and gas group OMV Petrom will take over the 30% stake in an offshore project in Bulgaria...

Retail

Westend Shopping Center Continues to Blaze Pioneering Trail

Westend remains the premier meeting and shopping place in Budapest and is well positioned to ward off the challenges of...

Deals

M&A Market 2019: Restructured Telecom Sector, Strong State Presence

While international economic uncertainties still persist as an obstacle for mergers and acquisitions’ activity, such worries seem to be diminishing...

Automotive

Hungarian Know-how Helping Navigate the way to Connectivity and Cybersecurity

With mobile networks poised to transition to fifth-generation technology, pundits expect transportation, like many other industries, to really start to...

Automotive

Romanian industrial production declines in October

Romania’s industrial production declined in October, driven by a decline in energy sector, data from the Bucharest-based National Institute of...

Retail

Plans to modernize McDonald’s Hungary

The owner of McDonald’s Corporation’s Hungarian company has told portfolio.hu that he wants to create more modern restaurants, new and...

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...