Industry

Automotive

Used car sales up 4% in third quarter

Used car sales and average prices have both risen in the third quarter in Hungary. Prices have grown most for...

Automotive

Industrial output picks up again in August

In August 2017, the volume of industrial output rose by 6.8% year-on-year. The index adjusted for working days was equal...

Deals

Donkey Republic: smartphone bike rental comes to Budapest

Global bike-share platform Donkey Republic is bringing its service to Budapest, making it possible to rent bikes via a smartphone,...

Pharma

GE to double value of procurements in CEE region

General Electric aims to double the volume of products and services it buys from Central and East European SMEs, including...

Automotive

Ten Pao inaugurates electronics plant in Miskolc

Hong Kongʼs Ten Pao inaugurated a 2,600 square-meter electronics plant in Miskolc, northeast Hungary, on Thursday. The plant is the...

Deals

More Complex Roles are Coming in the SSC Sector

Budapest is still a popular location for SSCs (Shared Services Center) although due to the significant amount of government support,...

Deals

GE to invest HUF 8 bln in Digital Development Center

General Electric is planning to invest HUF 8 billion in Hungary through opening a Digital Development Center here, according to...

Deals

MNB clears Konzumʼs takeover bid for Appeninn

Holding company Konzum on Tuesday said the National Bank of Hungary (MNB) has cleared its public purchase offer for all...

Automotive

Maxon plant to supply NASA mission to Mars

Switzerlandʼs Maxon is building a HUF 4.2 billion expansion at its electric motor base in Veszprém, western Hungary, Minister of...

Deals

Richter appoints new CEO; Bogsch remains chairman

The board of Gedeon Richter appointed COO Gábor Orbán as the drugmakerʼs new CEO at a meeting on Monday, Richter...

Deals

Csaba Szende to head Eaton’s BSC in Budapest

Csaba Szende has been named as site leader/managing director of Eaton’s Europe, Middle East and Africa (EMEA) Business Service Center...

Deals

OTP Bank gears for new acquisitions

OTP Bank has been preparing for two decades to take advantage of proper merger and acquisition opportunities in the region....

Deals

GKI projects GDP growth of 3.8% in 2017, 2018

Given the high rate of investments in Hungary, economic research institute GKI has raised its GDP growth forecast from 3.5%...

Retail

Ghraoui Chocolate expands from Hungary

Premium Syrian-owned chocolate maker Ghraoui Csokoládé Manufaktúra has opened its first Hungarian store on Andrássy út near the Opera House...

Deals

Europa Capital sells its Budapest office portfolio

Europa Capital has concluded the sale of the Kalvin Portfolio in Budapest, which comprises two city center office buildings with...

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...