Industry

Retail

Young Hungarians expect sunny years after retirement

Young Hungarians are very optimistic about their retirement age. The vast majority expect to supplement their state pension with savings...

Automotive

Daimler turns out over 190,000 vehicles in Hungary in 2017

German carmaker Daimler turned out more than 190,000 vehicles at its base in Hungary last year, up 4.1% from 2016,...

Transport

Wizz Air adds 7 routes from Debrecen

Low-cost Hungarian airline Wizz Air today announced seven new routes from the eastern city of Debrecen and an additional Airbus...

Automotive

Mercedes-Benz A-Class production started in Hungary

The Mercedes-Benz plant in Kecskemét, central Hungary, has started production of its new A-Class executive car. This makes the Hungarian...

Automotive

Fewer March work days spell drop in industrial output

Declining output in the vehicle, electronics, food and machinery segments dragged down unadjusted industrial production in Hungary in March, a...

Automotive

Industrial production drops 2.4% in March

In March 2018, the volume of industrial output declined by 2.4% compared to last year’s high base. Based on working...

Deals

General govʼt deficit close to 80% of full-year target

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 1.081 trillion deficit at the end of April, the...

Pharma

Accenture names new country managing director

Accenture has named Tomáš Volek as country managing director for Slovakia and Hungary, effective May 1. In this role, he...

Transport

AA launches direct Budapest-Philadelphia flight

Hot in the wake of the reestablishment of direct air connections from Budapest to the United States last week through...

Retail

Food retail growth expected to continue

Last year revenues from food sales in Hungary grew by 2.6%, according to economic research institute GKI, and credit insurance...

Deals

Wallis enters stock exchange by acquiring Altera

The Wallis Group’s automotive trading and service provider companies will enter the Budapest Stock Exchange by acquiring control of listed...

Deals

New appointments at Invitech

As of May, a well-known professional in the Hungarian ICT market, Csaba Bőthe, will take over the marketing and business...

Deals

MNB approves share acquisition in CIG Pannónia by Konzum

The National Bank of Hungary (MNB) yesterday gave approval to holding company Konzum acquiring a 24.85% stake in insurer CIG...

Transport

Moodyʼs gives Wizz Air stable ʼBaa3ʼ rating

Moodyʼs Investors Service, has assigned a first time "Baa3" long-term issuer rating to Wizz Air Holdings, which operates what it...

Deals

Budapest council raises taxi fares

The municipal council of Budapest today voted to raise regulated taxi fares in the capital from July 1. The council...

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...