Industry

Deals

Opus to buy out Czech partner from Mátrai Erőmű

Just days after announcing completion of the indirect acquisition of a 72.66% majority in power station Mátrai Erőmű through a...

Pharma

Hankook further expands tire plant

South Koreaʼs Hankook Tire Magyarország will start the fourth phase of the expansion of its plant in Rácalmás, southwest of...

Pharma

Belgian-Turkish JV to build HUF 6.4 bln plant in northeast Hungary

Ravaber, a company set up by Belgiumʼs Ravago group and Turkeyʼs Beşler Tekstil, will build a HUF 6.4 billion plant...

Deals

Waberer’s buys out minority partner, but private placement fails

Waberer’s International had a busy day on Wednesday regarding the acquisition and attempted sale of company stakes, with one offer...

Pharma

Chocolatierʼs HUF 3.3 bln grant partly a ‘diplomatic response’

Family-owned Árklub announced plans Wednesday to build an HUF 8.3 billion chocolate factory in Bátonyterenye (97 km northeast of Budapest)....

Pharma

GE vows to maximize local suppliers for Paks project

General Electric (GE) plans to boost the value of purchases from some 1,300 certified suppliers in Hungary from the current...

Deals

Eyewear startup enters partnership with optician chain

Two years after starting production, Hungarian custom-fitted and 3D-printed spectacles maker Forma Eyewear has announced its acquisition by FHO (First...

Deals

CIG Pannónia expands to Baltic states

Hungarian insurer CIG Pannónia is making inroads into markets in two of the Baltic states through its general insurance unit...

Deals

Hungaryʼs Solvo Biotechnology sold to French investor

Franceʼs Citoxlab Group has obtained a majority stake in Solvo Biotechnology, a Hungarian company that is a global leader in...

Deals

Romaniaʼs central bank vetoes OTP acquisition bid

In a surprise move, the National Bank of Romania has rejected a request for approval by the Romanian unit of...

Automotive

Audi Hungária revenues over EUR 7 bln last year

Revenues of the local unit of German automobile manufacturer Audi edged up 1% to EUR 7.136 billion in 2017. Capital...

Automotive

Manufacturing lifts Hungaryʼs industrial output in January

In January 2018, the volume of industrial output rose by 6.9% year-on-year, according to a second, detailed estimate of monthly...

Deals

Trade finance professionals head for Budapest

The Association of International Credit and Trade Finance Professionals (ICTF) will be hosting its International Credit Professionals Symposium at the...

Transport

Wizz Air starts ambitious expansion program

Hungarian low-cost carrier Wizz Air started "the biggest operational ramp-up across its network" yesterday, according to a statement released by...

Deals

Men earn over 20% higher salaries than women in Hungary

According to data gathered from 13 European countries by international salary portal paylab.com to mark International Womenʼs Day on March...

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...