Industry

Deals

OTP Real Estate Fund raises stake in Appeninn

Holding company Konzum on Monday said it sold 4.94% of the shares of property holding company Appeninn, more than two...

Pharma

NI Hungary lays cornerstone of plant, service center

The local unit of U.S. measurement and automation company National Instruments (NI) laid the cornerstone of a HUF 5.44 billion...

Automotive

Koreaʼs SK Innovation breaks ground on battery plant

South Koreaʼs SK Innovation began construction last Thursday of a HUF 97.5 billion plant to make lithium batteries for electric...

Pharma

Thyssenkrupp plant inaugurated with Hungarian government grant

A HUF 33.5 billion automotive parts plant in Jászfényszaru, 72 kilometers east of Budapest, was inaugurated by Thyssenkrupp Components Technology...

Pharma

Aldi expands intʼl IT support in Hungary

Declaring itself "extremely satisfied" with the quality of IT support in Hungary, German discount supermarket chain Aldi on Thursday said...

Deals

Hungarian M&A market value up 150% in 2017, says EY

The value of Hungarian mergers and acquisitions (M&As) rose 150% to USD 4 billion last year, data compiled by consultancy...

Automotive

Hungaryʼs Industrial output rises 6.9% in January

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

Deals

Konzum moves to BÉT Prime category, discloses acquisition

Listed holding company Konzum on Wednesday said it would acquire a number of tourism properties on Lake Balaton with the...

Automotive

Arconic-Köfém gets tax benefit for HUF 35 bln capacity expansion

Automotive industry supplier Arconic-Köfém is investing HUF 35 billion in a 17,000 square-meter production hall in Székesfehérvár, (64 km southwest...

Retail

Nursery and working space set for Hungarian pilot program

Community office service provider Loffice has announced a new model for parents with small children, dubbed Coworkid. The new model...

Pharma

Hungarian retail sales rise 7.5% y-o-y in January

In January 2018, the volume of sales in retail shops, according to both raw and calendar-adjusted data, grew by 7.5%...

Retail

Icecat now available in Hungarian

Dutch company Icecat, a global content syndication network for consumer electronics and office supply product groups, is now available in...

Deals

New managing director to head Canon Hungária

As of January 1, a new managing director, Jaap van ’t Ooster has been in post at Canon Hungária Kft....

Deals

CEPOL executive director concludes 8-year term

Ferenc Bánfi, the Executive Director of CEPOL, the Budapest-based European Union Agency for Law Enforcement Training, concluded his eight-year term...

Deals

Immofinanz suspends merger talks with CA Immo

The supervisory and executive boards of commercial real estate company Immofinanz AG decided Wednesday to continue to suspend detailed discussions...

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...