Industry

Deals

MKB signs cooperation agreement with chamber of agriculture

MKB Bank signed a cooperation agreement with the Hungarian Chamber of Agriculture (NAK) on Wednesday facilitating access to a preferential...

Deals

Oracle Hungary moves to Millennium City Center

The Hungarian subsidiary of software firm Oracle recently moved to the 6th floor of the Millennium City Center’s building H,...

Deals

General gov’t deficit revised to reflect MKB sale

Hungaryʼs general government deficit, calculated according to European Union accounting rules, reached HUF 646.7 billion or 1.8% of GDP last...

Deals

VIG to merge Hungarian insurance units

Vienna Insurance Group (VIG) is merging its three Hungarian units - Erste Biztosító, Union Biztosító and Vienna Life Biztosító -...

Retail

Hungarian McDonald’s restaurants to be modernized

McDonald’s has announced that it will be introducing what it calls its innovative “Experience of the Future” dining model to...

Automotive

Rába signs EUR 10 mln contract with Austrian peer

Hungarian automotive manufacturer Rába has signed a EUR 10 million contract with the Austrian subsidiary of Munich-based Rheinmetall MAN Military...

Deals

First direct freight train from China arrives in Hungary

The first direct freight train between China and Hungary arrived in Budapest on Friday, carrying more than USD 1 million...

Deals

Industrial RE market’s positive sentiment set to linger

Hungaryʼs industrial real estate market saw healthy activity in Q1, and accelerating GDP growth - together with continued monetary easing...

Pharma

Anticipated GDP growth can lift retail real estate in 2017

After last year’s GDP slowdown the Hungarian economy is expected to accelerate this year, chiefly driven by consumption, which is...

Automotive

Suzuki Hungary turns out 3 million cars in 26 years

The three millionth Suzuki car - a Suzuki SX4 S-Cross - has rolled off the production line in Esztergom, marking...

Pharma

Tata expands service center, eyes more hires

The Hungarian subsidiary of Indiaʼs Tata Consultancy Services (TCS) has expanded office space by 5,000 square meters at its Budapest-based...

Deals

MTel’s board of directors elects new chairman

Magyar Telekom’s Board of Directors has elected Dr. Robert Hauber as its Chairman, who is currently Senior Vice President Finance...

Deals

SCS Stahlschmidt eyes new production hall, staff

The Hungarian subsidiary of German Bowden cable manufacturer SCS Stahlschmidt is planning to expand its plant with the addition of...

Deals

M7 CEREF buys Aerozone logistics center

Following its 2016 debut on the Hungarian market, M7 Real Estate’s Central European Fund (M7 CEREF) has increased its presence...

Pharma

MSD to invest HUF 9 bln in R&D in Hungary

American drugmaker MSD will invest HUF 9 billion in research and development operations in Hungary, MSD Pharma Hungary Managing Director...

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...