Industry

Deals

Konzum acquires more hotels

Listed holding company Konzum announced Tuesday it has agreed to buy 100% of Ligetfürdő Kft., thus acquiring two hotels in...

Retail

Parcel delivery prices on the rise

The price growth in logistics services which began late in 2017 has continued and is expected to continue throughout this...

Retail

Retaliation against Trump’s trade war likely to affect Hungarian consumers

The European Union has responded to the tariffs levied by the United States with new taxes on American imports, propelling...

Retail

Big chains continue to dominate Hungaryʼs FMCG market

According to publicly available figures, small FMCG stores have no chance of competing with multinational chains, which are much better...

Deals

LEGO legend talks branding at HVCA

The Hungarian Private Equity and Venture Capital Association’s 20th annual investment conference brought LEGO’s ex-head of global brand and business...

Pharma

Ariston Thermo marks 20 years in Hungary

Ariston Thermo, an Italian producer of heating systems and related products, says it has sold more than 150,000 heaters and...

Automotive

Hungarian-Israeli committee discusses self-driving vehicles

The Hungarian-Israeli Joint Committee for Economic Cooperation started a two-day meeting in Zalaegerszeg, western Hungary, on Monday, state news agency...

Deals

Appeninn plans to quadruple EBITDA by 2022

Holding company Appeninn has published its strategic and business plans for the next five years. It targets major asset growth...

Deals

MOL Hungary appoints new COO

Hungarian oil and gas company MOL announced Thursday the appointment of Péter Ratatics as chief operating officer (COO) of MOL...

Pharma

Chinese investor to build Hungarian geothermal power plant

Chinaʼs Zhejiang Kaishan Compressor Co. has agreed to build a HUF 45 billion geothermal power plant in Tura, east of...

Retail

Government to launch free invoicing tool for SMEs

The government will provide online invoicing software developed by the National Tax and Customs Administration (NAV) free of charge to...

Automotive

Hungaryʼs industrial output up 7.8% in April

In April 2018, the volume of industrial output increased by 7.8% year-on-year, according to a first estimate by the Central...

Pharma

Tom-Ferr builds HUF 2.1 bln pipe factory in Tata

Hungarian-owned Tom-Ferr is building a HUF 2.1 billion factory to produce automotive pipes, to be located beside its existing site...

Automotive

Daimler breaks ground for second plant in Hungary

German carmaker Daimler laid the cornerstone of a EUR 1 billion plant at its base in Kecskemét (92 km southeast...

Automotive

MNB clears Wallis buyout offer for Altera shares

The National Bank of Hungary (MNB) on Tuesday approved a mandatory public purchase offer for the outstanding shares of holding...

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...