Industry

Deals

Appeninn to acquire office building in central Budapest

Property holding company Appeninn said on the Budapest Stock Exchange that it plans to issue new shares to Konzum II....

Automotive

Industrial output up 3.4% in November, KSH confirms

In November 2017, the volume of industrial output rose by 3.4% year-on-year, according to a second, more detailed estimate of...

Deals

Altera shareholders authorize max. 20-fold capital raise

An extraordinary general meeting at Altera Wealth Management Plc. has made a decision about a possible increase in the founding...

Deals

IT specialists, automotive engineers expect generous salaries

The minimum monthly salary expected by an experienced IT specialist in Hungary is HUF 650,000. Below this, a specialist with...

Automotive

Industrial output growth slows to 3.4% in November

In November 2017, the volume of industrial output rose by 3.4% year-on-year, according to a first estimate of monthly data...

Pharma

Richter may postpone guidance pending Esmya review

Hungarian drugmaker Gedeon Richter may hold off on guidance when it publishes fourth-quarter earnings in February if uncertainty continues surrounding...

Deals

Hungarian AI car project receives significant investment

AImotive, a self-driving technology startup headquartered in Budapest, has announced the closing of a USD 38 million/EUR 32 mln Series...

Deals

Patrik Molontay new owner-MD of HumanField

Following a management buyout at executive search company HumanField, Patrik Molontay, who formerly led the company as deputy managing director,...

Pharma

HUDEX takes over energy market physical futures

The HUDEX Hungarian Derivative Energy Exchange announced the launch of operations today.  Physical futures in electricity and gas, which were...

Automotive

Suzuki leads new car sales in Hungary again

New car registrations in Hungary climbed 11% from a year earlier to 10,832 in December 2017. The most popular brand...

Transport

Budapest Airport renews contract with ParkCloud

Global online airport parking reservation provider ParkCloud has announced its contract renewal with Budapest Airport, following a lucrative two-year partnership....

Retail

KAJAHU is Food Together

Cruising in Budapest downtown, hungry city dwellers may stop by and discover a restaurant that looks like an ordinary one...

Retail

Netrisk.hu sold for EUR 56 mln

Hungarian online insurance broker Netrisk was sold in late December by Polish Enterprise Fund VI (PEF VI), a private equity...

Retail

Hungaryʼs Extreme Digital to launch courier service

With the continuous growth of online shopping, delivery is a growing challenge for online stores. Hungarian electronics webstore Extreme Digital...

Deals

Hungarian govʼt sells stake in Gránit Bank

The government has sold its stake in Granit Bank to the lenderʼs chairman-CEO Éva Hegedűs, Minister for National Economy Mihály...

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...