Industry

Retail

Webstores seen unlikely to kill traditional shops

E-commerce could generate annual revenues as high as HUF 1,100 billion by 2021 in Hungary, but this will not pose...

Pharma

Linamar Hungary plans HUF 8.6 bln investment

Linamar Hungary, a Canadian-owned maker of precision machined and assembled components, will invest HUF 8.64 billion at three bases around...

Pharma

Bridgestone unitʼs revenue up 47% in 2017

The Hungarian unit of Japanese tire maker Bridgestone recorded HUF 53.1 billion in sales revenues last year, 47% more than...

Pharma

HIPA thanks biggest investors at annual awards ceremony

The Hungarian Investment Promotion Agency (HIPA) recognized some of the biggest investors in Hungary at an annual awards ceremony late...

Retail

Hungarian airport car sharing service eyes expansion

Hungarian startup BeeRides has partnered with German investor innogy Innovation Hub to expand its airport car sharing service. After Budapest...

Retail

IKEA turnover up 14% in last business year

Home furnishings retailer IKEAʼs revenue in Hungary rose 14% year-on-year to HUF 61 billion in the business year ending August...

Retail

Online shopping growth stalls in 2017

Online sales continue to grow faster in Hungary than regular retail sales; however, figures from last year reveal that the...

Pharma

Debrecen to host EUR 100 mln Continental investment

German-owned automotive industry supplier Continental will build a EUR 100 million parts plant in Debrecen, Hungaryʼs second largest city in...

Pharma

Rehau building EUR 150 mln plant near Daimler base

Rehau-Automotive Kft., a Swiss maker of polymer products with German roots, will build a EUR 150 million car parts plant...

Deals

New CEO at Ariston Thermo Hungária

As of this year, Gábor Pavek heads heating technology company Ariston Thermo Hungária as CEO. Pavek has been working at...

Automotive

Audi to launch HUF 6 bln R&D center in Győr

German carmaker Audi will set up a HUF 6.2 billion research and development center at its base in Győr, northwest...

Deals

Opus shares up over 10% after equity boost annnouncement

Holding company Opus Global on Thursday disclosed a plan to raise net assets by HUF 60-80 billion through the in-kind...

Automotive

Industrial output up 4.8% in 2017, KSH confirms

In December 2017, the volume of industrial output declined by 0.5% year-on-year. Based on working day-adjusted data, production grew by...

Pharma

Goodman building Hungaryʼs largest warehouse for Auchan

French-owned international retailer Auchan Retail will increase its commercial capacity in Hungary with a new, integrated logistics center at the...

Deals

Strabag still leads local property management market

Strabag Property and Facility Services Zrt. remains the market-leading service provider with a market share of 2.2%, a study by...

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...