Industry

Deals

MOL gains access to Adriatic gas via Croatian unit

Croatian oil and gas company INA, a subsidiary of Hungarian peer MOL, will purchase Eni Croatia BV from the Italian...

Retail

Hungarians increasingly distrust mainstream media

The Reuters Institute for the Study of Journalism has released this yearʼs edition of its Digital News Report. With the...

Pharma

Infineon inaugurates HUF 17 bln expansion

German semiconductor manufacturer Infineon Technologies inaugurated a HUF 17 billion expansion at its base in Cegléd, central Hungary, on Monday....

Deals

Public offering of BILK shares begins Wednesday

A public offering and private placement of shares of BILK Logistics, which owns one of the biggest logistics parks in...

Retail

McDonaldʼs Magyarország profits skyrocket in 2017

Revenues of McDonaldʼs Magyarországi Étterem Hálózat, which owns the 40 McDonaldʼs fast food restaurants in Hungary that do not operate...

Deals

Revetas buys TriGranit from TPG Real Estate

Revetas, a property investment firm specializing in the Central European region, has acquired Budapest-based integrated real estate concern TriGranit from...

Retail

Sándor Demján, chairman of TriGránit, dies at 74

Hungarian businessman and entrepreneur Sándor Demján, chairman of real estate company TriGránit, died Monday evening aged 74, real estate developer...

Retail

Record sales for Praktiker in 2017

Revenues of local do-it-yourself stores operating under the Praktiker brand rose by 22% to HUF 47.8 billion last year, Managing...

Deals

Cushman & Wakefield opens Design and Build service in Budapest

Cushman & Wakefield has expanded its portfolio in Hungary by adding what it calls a “Design and Build” platform, covering...

Pharma

Hungarian summer tire market expanding

Based on forecasts, this year could bring the highest revenues in the last ten years for companies in the summer...

Retail

Concepts for circular economy emerge to keep material in use

Almost half of the world’s top 100 companies utilize the so-called circular economy to counter the wastefulness of the traditional...

Retail

Discount chains bring lower prices to Lake Balaton

The tourist season has already started at Lake Balaton, the most popular vacation destination for Hungarians. With the expansion of...

Automotive

Industrial output growth confirmed at 7.8% in April

In April 2018, the volume of industrial production rose 7.8% year-on-year, a second estimate by the Central Statistical Office (KSH)...

Transport

Qatar Airways adds four flights to Budapest

Qatar Airways will increase its flight frequency to Budapest by adding four additional flights to the Hungarian capital from August...

Retail

Hungarians vulnerable to financial risks, says MNB

A recent consumer protection report released by the National Bank of Hungary (MNB) revealed several irregularities in credit lending to...

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...