Industry

Automotive

KSH confirms 4.1% rise in February industrial output

In February 2018, the volume of industrial output rose by 4.1% year-on-year, according to a second estimate of monthly data...

Retail

Discount stores increasingly popular in Hungary

Household spending on fast-moving consumer goods (FMCG) rose by 2% in 2017 after rising by 2.2% in 2016 and 2%...

Deals

From Fintech to Solar Financing: What Moves the Banking Sector in 2018?

In this article, we try to present the most important trends to follow in 2018 in the finance market. We...

Deals

Rising Expectations

As in previous years, the trend continues in 2018 as companies are increasingly centralizing their financial processes. Several companies that...

Retail

Devil in the Data

How digitalization, artificial intelligence and blockchain will change the financing landscape....

Automotive

Hungaryʼs industrial output up 4.1% in February

Hungaryʼs industrial output was up 4.1% in February compared to the same month a year earlier, a preliminary release of...

Retail

In executive search, family firms prefer to keep it in the family

Few owners of family businesses in Hungary consider selling their company when the issue of a generation shift arises within...

Deals

Konzum to acquire hotels in Hungary and Austria

The board of listed holding company Konzum has approved the acquisition of a spa in Egerszalók (NE Hungary) and two...

Automotive

New car registrations climb 29% in March

New car registrations in Hungary climbed 28.5% from a year earlier to 12,748 in March 2018, mainly attributable to high...

Deals

Lego sets, DIY tools best sellers in spring

As predicted before Easter, toy sales were significantly up over the holiday period, as online store Extreme Digital registered significant...

Deals

Ballooning revenues lift Konzum consolidated profits

Listed holding company Konzumʼs consolidated net profit jumped to HUF 10.3 billion last year, up from a paltry HUF 50...

Retail

Blaha Lujza tér set for major facelift

The Municipality of Budapest has set aside HUF 1.8 billion from its budget for the renovation of the busy thoroughfare...

Pharma

Richter drug wins Innovation Grand Prize

The Hungarian Innovation Foundation has awarded Hungarian drugmaker Gedeon Richter the Innovation Grand Prize for its atypical antipsychotic cariprazine (marketed...

Deals

Fireplace maker launches HUF 3.6 bln expansion

Wamsler, Central Europeʼs biggest maker of fireplaces and stoves, laid the cornerstone of a HUF 3.6 billion expansion at its...

Automotive

Shinheung completes HUF 8 bln Hungarian battery parts plant

South Korean-owned Shinheung SEC has completed a HUF 8 billion battery parts plant in Monor, southeast of Budapest, supported with...

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...