Industry

Deals

ÁKK mandates Bank of China, HSBC for China’s ‘panda’ bond

Hungaryʼs Government Debt Management Agency (ÁKK) has mandated Bank of China and HSBC to organize an issue of yuan-denominated "panda"...

Transport

Wizz Air to drop hand luggage fee from October

Hungary’s low cost airline Wizz Air announced today that it will no longer charge passengers an additional fee to bring...

Pharma

EC approves Richter’s Reagila treatment

Hungarian drugmaker Gedeon Richter announced this morning that the European Commission (EC) has granted marketing authorization to Reagila (cariprazine), a...

Deals

MNB fines insurance broker for not cooperating with arbitration board

The National Bank of Hungary (MNB) today said it levied a HUF 200,000 fine on insurance broker CLB Független Biztosítási...

Deals

Net sales of retail gov’t securities reach HUF 89 bln in June

Net sales of forint denominated government securities targeted at retail investors came to HUF 89 billion in June, bringing total...

Deals

New personal loans reach ten-year peak in Hungary

Banks disbursed new personal loans worth HUF 111 billion in Hungary in the first five months of this year, up...

Retail

PwC expects AI to significantly boost GDP by 2030

Global GDP will be 14% higher in 2030 as a result of artificial intelligence (AI), the equivalent of an additional...

Automotive

Industrial production up 8.8% in May

In May 2017, the volume of industrial output rose by 8.8% year-on-year, a second estimate of data from the Central...

Transport

Hungarians outdo Romanians, Poles in summer holidays, Wizz Tours says

Hungarians deem summer holidays more important compared to Romanians and Poles, booking their holidays one week earlier than last year...

Retail

Auchan Hungary announces new opening, boost of e-tail

France-based supermarket chain Auchan has announced the opening of its first supermarket in Szekszárd this August, while adding that it...

Deals

Tesco commits to double-digit wage rises in 2017

In an apparent response to news earlier this week that workers will demonstrate Saturday and may subsequently call a strike...

Transport

LOT to launch direct flights to New York, Chicago

Polish flag carrier LOT will launch direct flights from Budapest to New York and Chicago next summer, the companyʼs CEO...

Pharma

Instant noodle maker Nissin inaugurates EUR 33 mln expansion

Japanese instant noodle maker Nissin inaugurated a EUR 33 million plant at its base in Kecskemét on Thursday, state news...

Retail

Russian embargo hurts Hungary less by year

Businesses in Hungarian agriculture are not expecting market mayhem due to the Russian embargo on EU food products extended until...

Transport

Wizz Air debuts new mobile app

Hungarian low-cost airline Wizz Air announced today the launch of its all-new mobile application which is available for all Android...

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...