Industry

Automotive

Used car sales up 11.5% in first half

The number of used cars sold in Hungary rose 11.5% year-on-year in the first half of 2017, used car dealer...

Automotive

Industrial output increases 4.0% in June

Hungaryʼs industrial output rose 4.0% year-on-year in June, the Central Statistical Office (KSH) said in a first reading of data...

Pharma

Nextent-led consortium wins over HUF 600 mln in EU R&D funding

A consortium led by Hungaryʼs Nextent Informatika has won HUF 608 mln in European Union funding for the development of...

Automotive

New car registrations climb almost 16% in July

New car registrations in Hungary climbed 15.8% from a year earlier to 9,336 in July, the Hungarian Association of Vehicle...

Deals

Konzum takes over HUF 11.9 bln real estate fund from Diófa

Konzum Investment Fund Management has agreed to take over the HUF 11.9 billion real estate fund of peer Diófa, pending...

Deals

Erste Real Estate Fund buys Buda’s Krisztina Palace

Krisztina Palace, a landmark office building of the Buda side, was sold to Erste Real Estate Fund by Union Investment,...

Retail

Last Marks & Spencer closes in Hungary

British retailer Marks & Spencer closed its last store in Hungary on Saturday, one day sooner than planned, as all...

Deals

MOL Group signs two-year deal with IBM

The MOL Group has selected IBM’s integrated technology services to accelerate business growth and improve its efficiency, the company said...

Retail

MÁV to reward employees referring new workers

Hungarian state-owned railways company MÁV is trying to tackle its labor shortage by offering a HUF 35,000 bonus for workers...

Deals

MOL signs EUR 110 mln Schuldscheindarlehen agreement

Hungarian oil and gas company MOL announced yesterday that it had signed a EUR 110 million Schuldscheindarlehen (SSD) Agreement, becoming...

Deals

Waberer’s closes acquisition of Polish peer

Hungarian road haulage company Waberer’s has closed the acquisition of its Polish peers Link and Link Services for a combined...

Deals

State to sell stake in Granit Bank

The state of Hungary will sell its 36.5% stake in Granit Bank, Minister for National Economy Mihály Varga said yesterday,...

Transport

Wizz Air promotes two managers to executive board

Two members of the management of Hungarian low fare airline Wizz Air have been promoted to the firm’s executive team,...

Transport

Wizz Air welcomes new deputy CEO

Stephen Jones has been appointed executive vice president and deputy CEO at Hungary’s low fare airline Wizz Air, taking effect...

Retail

Shelfie aims to break glass ceiling of design furniture

Hungarian startup Shelfie aims to revolutionize how the youth thinks about furniture, as the creator wishes to offer an alternative...

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...