Industry

Retail

Hungarian owners buy out Steinhoff stake in Extreme Digital

The Hungarian owners of online consumer electronics retailer Extreme Digital have reacquired a 50.4% stake in the company from South...

Transport

Flixbus to operate more buses in summer

German long-distance bus transport company FlixBus is increasing its transport capacity in preparation for the summer holiday season. The main...

Deals

Aldi to make 150 new hires in Hungary

The Hungarian unit of German discount chain Aldi plans to increase headcount by more than 150, seeking to fill various...

Deals

Mattheisen departs Magyar Telekom after long spell at top

Magyar Telekom on Tuesday announced the resignation of its CEO Christopher Mattheisen. He will leave the company as of July...

Deals

Mészáros resigns as mayor to focus on business

Investor Lőrinc Mészáros, the former pipe fitter who has risen to become one of Hungaryʼs richest men under the patronage...

Deals

Eurostat has reservation over MNB foundationsʼ classification

In a note to a statistical release on deficit and debt data for 2017, the EUʼs statistics office Eurostat expressed...

Deals

Building a ‘Feedback Culture’, Changing for a Digitalized Future

There is little wonder that a business celebrating 25 years in Hungary should look back on its history, but Commerzbank...

Deals

Building a ‘Feedback Culture’, Changing for a Digitalized Future

There is little wonder that a business celebrating 25 years in Hungary should look back on its history, but Commerzbank...

Deals

Building a ‘Feedback Culture’, Changing for a Digitalized Future

There is little wonder that a business celebrating 25 years in Hungary should look back on its history, but Commerzbank...

Deals

MKB nearly triples consolidated pre-tax profit in 2017

The MKB Bank group almost tripled its consolidated pre-tax profit from a year earlier to HUF 20.7 billion in 2017,...

Pharma

DUIHK sees improving economy, business climate

The annual gauge of investor confidence of the German-Hungarian Chamber of Industry and Commerce (DUIHK) rose from 21 points to...

Deals

Fornetti raises salaries again

As of May 1, bakery company Fornetti Kft. will raise salaries by 10-15% on average. This is the fourth salary...

Deals

Poor infrastructure causes Hungarian train delays

Hungarian train delays amounted to 1.8 million minutes last year, representing 3.5 years, online portal index.hu reports. In 40% of...

Deals

MÁV: Travelling by train increasingly popular among Hungarians

The Hungarian railway infrastructure has undergone significant development since 2012, including building and renovating lines, new locomotive acquisitions and improvements...

Deals

MOL shareholders okay HUF 127.5 per-share dividend

Shareholders of Hungarian oil and gas company MOL approved payment of a HUF 127.5 per-share dividend on last yearʼs earnings...

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...