Industry

Deals

ODELUS acquires Ukrainian business

ODELUS-Construkt Kft., a Hungarian investment and real estate development company based in Győr, northwest Hungary, announced today that it has...

Retail

Extreme Digital heads for German market

Online electronics store Extreme Digital forecasts HUF 6 billion higher revenues this year and plans to expand further on foreign...

Pharma

ADA inaugurates HUF 1.2 bln production hall

Austrian-owned furniture maker ADA Hungária inaugurated a HUF 1.2 billion production hall at its base in Körmend (western Hungary) on...

Retail

Electronics stores dominate online retail market

As in the previous three years, Extreme Digital was again Hungaryʼs biggest online retailer last year, according to an annual...

Deals

Magyar Posta appoints new CEO

Andrea Bártfai-Mager, Hungaryʼs minister without portfolio in charge of managing state assets, has appointed György Schamschula CEO of state-owned postal...

Automotive

KSH confirms 4.2% rise in June industrial output

In June 2018, the volume of industrial output in Hungary grew by 4.2% year-on-year, according to a second estimate of...

Deals

MOM Park sale transaction completed

Real estate developer and investment company Wing Zrt. announced on Friday the sale of the MOM Park shopping mall and...

Transport

Debrecen scales up help for tourists

Passenger numbers at Debrecen Airport (eastern Hungary) reached a monthly record of more than 45,000 in July, up 22% from...

Deals

Government deficit reaches 109.6% of full-year target

The government deficit, which had already surpassed the full-year target in June, has increased by a further 5%. The cash...

Deals

Hungarian coupon fans spend more, more wisely

The once hugely popular coupon business still exists, but has changed dramatically. Customers today are looking for quality rather than...

Deals

Hungaryʼs OTP to acquire units of Société Générale

OTP Bank yesterday said it had agreed to buy a 99.74% stake in the Bulgarian unit and an 88.89% shareholding...

Pharma

Hungarian Formula 1 Grand Prix highly successful

More than 210,000 attended the Formula 1  race in Hungary, which ended on Sunday. Renovation of the circuit is due...

Deals

Appeninn to acquire high-value resort at Lake Balaton

Hungarian investor Lőrinc Mészáros has, through one of his companies, acquired a highly-valued property, once owned by the communist regime...

Automotive

Manufacturing a Future for Mercedes, for Kecskemét and for Hungary

With booming operations in the country – and getting very close to opening its second plant in here – Mercedes-Benz...

Automotive

German investors preparing for future challenges in automotive industry

Hungary is positioning itself to be a key proving ground of autonomous vehicles by attracting the investments of German companies....

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...