Industry

Transport

Wizz Air to expand Budapest network further in 2018

Hungarian low-cost airline Wizz Air today announced the expansion of its Budapest capacity with the addition of two new aircraft,...

Pharma

Solar panel boom envisaged for Hungary

Hungary could launch HUF 500 billion worth of solar panel investments as potential investors applied for licenses for a combined...

Pharma

Siemens lays cornerstone of HUF 10 bln turbine blade plant

German engineering giant Siemens laid the cornerstone of a HUF 10 billion turbine blade plant it is building at the...

Retail

Wabererʼs founder to revoke brand name from new owner

György Wáberer, the founder and former CEO of Hungarian logistics and haulage firm Waberer’s, Tuesday announced he would revoke the...

Pharma

Energy firm Alteo to launch R&D project for HUF 1.1 bln

Budapest-listed alternative energy company and trader Alteo said it will launch an almost HUF 1.1 billion research and development project...

Transport

Wizz Air celebrates 5th anniversary at Debrecen base

Having taken off for London-Luton on June 18, 2012 for the first time from Debrecen, Hungary’s low fare airline Wizz...

Deals

About 100 investors participate at HIPA forum in New York

About 100 U.S. investors were present at an investment forum organized on Wednesday by the Hungarian Investment Promotion Agency (HIPA),...

Retail

Hungarian e-tail generates HUF 427 bln in 2016

Hungary’s online retail trade generated HUF 427 billion in turnover in 2016, more than 5% of the total national retail...

Pharma

Speed-Tech inaugurates HUF 230 mln production hall

Austrian-owned Speed-Tech inaugurated a HUF 230 million production hall for warehouse system control units in Ajka (western Hungary) on Tuesday,...

Deals

State utility to hold nat’l gas, electricity distributors

State-owned utility company ENKSZ, which is operating under the new name NKM Nemzeti Közművek, will acquire 100% of the shares...

Deals

Hungary’s industrial output down 3% in April

Industrial production in Hungary dropped by 3% in April compared to the same month a year earlier, according to raw...

Deals

Gross household assets reach HUF 90 tln, says MNB

Hungarian householdsʼ gross assets reached HUF 90 trillion at the end of 2015, while the sectorʼs indebtedness remained among the...

Deals

Hungaryʼs 4G network claimed as worldʼs third fastest

Hungary has the worldʼs third fastest 4G/LTE network, according to the latest report by OpenSignal, the secretariat of the governmentʼs...

Deals

Refurbished metro carriages withdrawn from circulation

Refurbished metro carriages supplied recently by Russian company Metrowagonmash have been temporarily withdrawn from circulation on Budapestʼs Metro 3 line,...

Deals

‘Unstable’ Croatian gov’t obstacle to MOL’s sale of INA stake

The lack of stability of the Croatian government poses problems for the possible sale of Hungarian oil and gas company...

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...