Industry

Automotive

MOL buys stake in Azerbaijan’s ACG oil field, BTC pipeline

Hungarian oil and gas company MOL on Monday signed a deal with Chevron Global Ventures and Chevron BTC Pipeline to...

Automotive

AutoWallis registers strong Q1-Q3 sales results

In the first nine months of 2019, AutoWallis managed to increase its new vehicle sales by one-fifth, while its used...

Automotive

Bosnia industrial output contracts further in September

Industrial production in Bosnia and Herzegovina slumped 7.4% year-on-year in September, following a 5.9% fall in the previous month, the...

Deals

4iG assigned rating for participation in MNB bond scheme

Listed IT company 4iG has been assigned an issuer rating as a prerequisite for participation in the Bond Funding for...

Automotive

Audi Hungaria to cut number of workers on fixed-term contracts

Audi Hungaria is not laying off employees, but reducing the number of its workers on fixed-term contracts depending on market...

Pharma

Slovenian Gorenje to split into two companies

Slovenian household appliances maker Gorenje will be split into two companies as part of group integration, a year after it...

Manufacturing

Dunaferr announces major layoffs

Steel manufacturer Dunaferr announced it will cut the number of its employees by 350 by December 31, 2020, says a...

Deals

Affidea set to acquire Medical Service Budapest

The local unit of Affidea, a provider of advanced diagnostic imaging, outpatient and cancer care services with a presence in...

Automotive

Hungarian-Israeli JV to develop self-driving bus comms system

Hungarian and Israeli business partners have established a joint venture to develop a communication system for dispatchers and passengers on...

Deals

Zentiva acquires CEE pharma business of Alvogen

Pharmaceutical company Zentiva has announced the signing of an agreement to acquire the CEE business of peer Alvogen, for an...

Transport

Budapest skies set for Wizz vs. Buzz battle

Ryanairʼs independent Polish subsidiary Buzz will take over the operation of the Irish budget airlineʼs base in Budapest from December,...

Deals

Labor Shortage Hindering Logistics Sector

The logistics sector in Hungary suffers from a serious labor shortage, which is not a novelty but rather a tendency...

Deals

Eva Air picks Hungarian marketing, sales representation

Taiwan-based airline Eva Air has choosed the Hungarian office of Central European Aviation Solutions (CEAS) to handle sales and marketing...

Deals

SAP names communications head for Hungary and SEE

SAP has announced the appointment of Zsuzsa Halpert as head of communications, responsible for both the internal and external communications...

Pharma

4iG on course with T-Systems acquisition, says CEO

IT firm 4iG has completed the first phase of due diligence at T-Systems Hungary in a period of three months...

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...