Industry

Deals

RSM names head of new M&A business unit

Professional services firm RSM Hungary is expanding its business to include a mergers and acquisitions, company assessment and financing unit,...

Deals

Few families can afford Hungaryʼs international schools

Parents in Hungary unhappy with the public education system can choose to have their children follow the courses of international...

Deals

Museum of Fine Arts offers peek of renovated Romanesque Hall

Budapestʼs Museum of Fine Arts will open its Romanesque Hall to the public, restored to its former glory after an...

Deals

Appeninn continues real estate acquisitions

In two days, property holding company Appeninn has announced the purchase of 18 commercial properties currently leased by supermarket chain...

Automotive

Car sharing fills a niche in Budapest transport

Recently launched car sharing services in Budapest are experiencing healthy demand on the market. Currently there are two players, and...

Pharma

Szijjártó boasts record investment promotion in 2017

“The largest ever number and highest ever value of investment arrived in Hungary last year via the government’s investment promotion...

Transport

Ministry orders checks after Budapest airport luggage looting

The Ministry of National Development announced unscheduled checks at Liszt Ferenc International Airport in the wake of a string of...

Deals

Change in Hungarian management at S IMMO AG

As of March 1, 2018, Géza Barabás will head the subsidiary in Budapest of Austrian real estate investment firm S...

Automotive

Industrial output drops slightly in December

In December 2017, the volume of industrial output declined by 0.5% year-on-year, shows a first estimate of monthly data from...

Retail

Budapestʼs EuroCenter mall sold to Wing

The EuroCenter Óbuda shopping mall has been acquired by Wing Zrt., business news portal portfolio.hu reported. The real estate investment...

Deals

eBay increasingly attractive for Hungarian entrepreneurs

E-commerce is booming in Europe, new data released by the eBay online marketplace shows. Close to 10,000 Hungarian sellers have...

Pharma

Danish biotech firm to set up HUF 2 bln R&D center

Danish biotechnology company Foss will set up a HUF 2 billion research and development center in Pécs (SW Hungary). The...

Deals

Retail sales up 4.8% in 2017

In December 2017, the volume of sales in retail shops increased by 4.7% according to raw data, and by 5.9%...

Deals

DVM group restructures leadership

The founder and managing partner of DVM group, Attila Kovács, has given group sales director Tamás Sellyey the leadership tasks...

Deals

Lőrinc Mészáros officially takes control of Konzum

Hungaryʼs Competition Office (GVH) said Thursday it has approved the takeover of sole direct control of fund manager Konzum Investment...

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...