Industry

Deals

South African firm buys Arena Plaza for EUR 275 mln

The second biggest shopping mall in Budapest, Arena Plaza, has been sold to NEPI Rockcastle, a South African real estate...

Pharma

Mylan continues strategic investments in Hungary

Mylan N.V., an American global generic and specialty pharmaceuticals company registered in the Netherlands, will continue investments in its packaging,...

Deals

Erste Bank Hungary to merge investment, private banking arms

Erste Bank Hungary is merging its investment and private banking activities into a single division from September, Deputy CEO László...

Automotive

Declining auto sector output stalls industrial growth

Output of Hungaryʼs automotive sector, a key driver of industry in the country, fell 7.9% year-on-year in July, shows a...

Deals

FlixBus opens regional office in Budapest

German long-distance bus transport company FlixBus, having entered the Hungarian market last year, has recently opened a regional office to...

Deals

K&H bank card transactions growing

Retail bank card transactions through K&H Bank rose 33% in the first five months of 2017 compared to the equivalent...

Retail

Tesco workers call strike for two days

Employees of retail chain Tesco went on strike on Friday beginning from 4 p.m., and will strike again Saturday from...

Transport

Revenues of transport and logistics sector grow in Q2

Revenues of passenger transport, freight and logistics companies in Hungary reached HUF 1,241 billion in the second quarter, up 7.1%...

Automotive

Norwayʼs Sapa to invest HUF 6.8 bln at base in Hungary

The local unit of Norwegian extruded aluminum profile maker Sapa is building a HUF 6.8 billion plant at its base...

Automotive

Industrial production slows in July

Hungaryʼs industrial output rose by just 0.2% year-on-year in July, the Central Statistical Office (KSH) said in a first reading...

Retail

Tesco employees prepare for national strike

Labor unions at retail chain Tesco agreed on Monday afternoon that a national strike will take place in all stores...

Deals

GKI raises economic growth forecast to 3.8%

Economic research institute GKI has raised its GDP growth projection to 3.8% for 2017, a quarterly forecast released on Friday...

Deals

Auchan targets CAPEX of HUF 17 bln in 2018

The local unit of French supermarket chain Auchan plans capital expenditures of HUF 17 billion next year, Auchan Hungary told...

Deals

MOL celebrates 8 decades of domestic oil and gas production

This year MOL celebrates 80 years since it started domestic hydrocarbon production. The first well started operating at Budafapuszta (240...

Transport

Wizz Air starts new route to Moscow from Debrecen

Hungarian-based low-cost airline Wizz Air announced yesterday a new flight from its Debrecen base to Moscow. The route will commence...

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...