Industry

Automotive

Industrial production up 3.6% y-o-y in 2018

In December 2018, the volume of industrial output grew by 5.4% year-on-year, according to a first estimate of monthly data...

Deals

Buy OTP and MOL in 2019, Equilor Says

Amid slowing economic growth and rising inflation foreseen for Hungary in 2019, equity investors are in search of the next...

Deals

Uncertainties fail to stunt M&A market – Allen & Overy

International law firm Allen & Overy’s freshly released “Global Trends in Private M&A” report says that political uncertainty is not...

Deals

OTP agrees to acquire SocGen unit in Moldova

OTP Bank said Wednesday it has agreed to acquire an 87.85% stake in MobiasBanca, the Moldovan unit of Franceʼs Société...

Deals

Noerr appoints associated partner at Budapest office

Full-service law firm Noerr has announced the appointment of Viktor Füzi as associated partner at its Budapest office, according to...

Deals

E-marketplace for express delivery firms launches

Startup fuvar.hu has launched an online marketplace for express delivery companies in Hungary, according to a report by state news...

Deals

ReneSola secures financing for projects in Hungary, Poland

China-based solar project developer ReneSola Ltd. has announced it has closed a bridge finance deal with the Eiffel Energy Transition...

Retail

Entrepreneurs Must Dream and get Real

I live on a graveyard, metaphorically speaking, at least regarding retail outlets. Iʼve lost count of the shops, cafes and...

Automotive

Europ Assistance helps 6,000 stranded motorists

In the past two months alone, almost 6,000 stranded motorists received roadside assistance from Europ Assistance Hungary, according to a...

Deals

AEW enters Hungarian market with EUR 18 mln acquisition

One of the worldʼs largest real estate investment managers, AEW has announced its first acquisition in Hungary, a retail-led asset...

Pharma

Diehl Aviation inaugurates engineering service center

German aircraft parts manufacturer Diehl Aviation inaugurated a HUF 2.8 billion engineering and service center in Debrecen (E Hungary) on...

Transport

Wizz Air net profit dives in Q3, but guidance unchanged

Hungarian low-cost airline Wizz Air had net profit of EUR 1.7 million in the third quarter of its business year...

Retail

Toy store chain Regio Játék closes strong 2018

In 2018, toys and games retail chain Regio Játék achieved a 25% market share with a 16% growth in turnover,...

Pharma

State gets 20% stake in Ózd Steelworks for EUR 30 mln

The state of Hungary has acquired a 20% stake in Ózd Steelworks (some 160 km northeast of the capital) from...

Deals

Orbán meets IIB chairman in Budapest

Prime Minister Viktor Orbán held talks with Nikolay Kosov, chairman of the Moscow-based International Investment Bank (IIB), in Budapest on...

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...