Industry

Deals

BMW Hungary names new director

Massimiliano Di Silvestre has been appointed managing director at BMW Group Magyarország, taking effect from May 1, according to a...

Retail

Spar revenues up 5.2% in 2016

Supermarket chain Spar Magyarország posted HUF 516 billion revenues last year, up 5.2% compared to 2015, Managing Director Gabriella Heiszler...

Retail

Rossmann Magyarország revenues up almost 12% in 2016

German-owned health and cosmetic products retailer Rossmann Magyarország posted HUF 68 billion revenues last year, up 11.73% year-on-year, the company...

Deals

LeasePlan Hungary welcomes new MD

Tímea Pesti has been appointed managing director of LeasePlan Hungary, one of the leading providers of operative leasing and fleet...

Deals

Gov’t presents development funding for ethnic Hungarians in SW Ukraine

Hungaryʼs government is informing ethnic Hungarians who live in Zakarpattia Oblast, the area of southwest Ukraine bordering with Hungary, of...

Deals

Groupama to part with 3% stake in OTP Bank

French-owned Groupama on Wednesday said it has launched the sale of 8,260,000 shares in OTP Bank, Hungaryʼs biggest commercial lender,...

Deals

MKB back in profit after six years

After-tax profits at MKB Group hit the HUF 9.5 billion mark in 2016. The positive figure is due to an...

Retail

Hungary’s retail sales grow 4.8% in January

The volume of retail sales in Hungary in January was up by 4.8% according to raw data, and by 3.8%...

Deals

Budapest Bank after-tax profit falls on lower interest income

After-tax profit of state-owned Budapest Bank fell 11% to HUF 13.1 billion last year, as interest income declined and the...

Deals

MKB books profit of HUF 9.5 bln after years of losses

MKB Bank had consolidated after-tax profit of HUF 9.5 billion last year, following years of losses, CEO Adam Balog said...

Deals

UniCredit sells HUF 42.7 bln of NPLs

UniCredit Bank Hungary said Monday it had sold about HUF 42.7 billion of non-performing retail mortgage loans, state wire service...

Automotive

Hi-Lex Hungary launches HUF 362 mln R&D project

The Hungarian unit of Japanese automotive supplier Hi-Lex has launched a HUF 362 million R&D project in which the firm...

Deals

Budapest ranks 10th in CBRE’s investment survey

Budapest, along with Frankfurt and Munich, was ranked the tenth most attractive European city for real estate investment, according to...

Deals

K&H Bank names new CEO

David Moucheron has been appointed CEO of K&H Bank and head of the groupʼs country team, pending approval from the...

Retail

Magic Lamp Foundation turns to crowdfunding

The Csodalámpa (Magic Lamp) Wish Granting Foundation has turned to crowdfunding for the first time for its latest wish-granting campaign...

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...