Industry

Retail

NNG launches automotive navigation industry blog

Since its launch in 2004, automotive navigation company NNG says it has striven to remain proactive and innovative in providing...

Deals

Suzuki projects expansion on Hungarian market in 2017

Japanese automotive manufacturer Suzuki plans to sell about 11,780 new passenger cars in Hungary this year, retaining its more than...

Retail

Serialization to entail big spending for Hungary’s pharmas

Hungary’s pharmaceutical industry, similarly to other European markets, will soon be facing “tremendous investment pressure” due to serialization becoming mandatory...

Transport

BUDPORT invests HUF 1 bln at Budapest airport

BUDPORT Handling Kft. is implementing a HUF 1 billion capital expenditure program at Ferenc Liszt International Airport between now and...

Automotive

Hungary to open consular and trade office in Sydney

Hungary will open a consular and trade office in Sydney, Minister of Foreign Affairs and Trade Péter Szijjártó told Hungarian...

Retail

IKEA Magyarország revenues up 14.5% in business year

The Hungarian unit of Swedish home furnishings giant IKEA posted HUF 54 billion in revenues in its business year ending...

Transport

Wizz Air to open 28th base at London Luton

Hungarian low-cost airline Wizz Air has announced it will be opening its 28th base at London Luton Airport on June...

Automotive

Leasing outlays up 9% in 2016, may mark ʼturnaroundʼ

Hungarian companies’ new leasing outlays were up by 9% compared to the preceding year in 2016, to HUF 518 billion,...

Transport

Wizz Air announces Budapest-Frankfurt route

Low-cost airline Wizz Air has announced the launch of a new daily Budapest to Frankfurt route, with the first flight...

Automotive

Automotive sector stalls industrial output growth

Hungary’s industrial output dropped by 0.5% in December, as the automotive sector, the engine of the local economy, fell by...

Pharma

Bridgestone doubles area of Hungarian plant

Japanese tire maker Bridgestone has doubled the area of its Tatabánya plant to 147,000 square meters as part of its...

Pharma

Apollo Tyres global revenue reaches EUR 1.3 bln

Indian tire maker Apollo Tyres’ global consolidated revenue for the nine months (April to December) of its financial year closed...

Deals

Hungarian daily claims Századvég has HUF 1.6 bln contract with gov’t

Government friendly think tanks Századvég Alapítvány and Századvég Gazdaságkutató are reported to be producing research and surveys for the Hungarian...

Deals

Higher share capital threshold could mean end of thousands of ‘kft.’ companies

Several thousand Hungarian limited liability companies, designated by the abbreviation “kft.”, could be wound up if they fail to meet...

Pharma

AquaJet doubles tire recycling capacity

AquaJet has invested HUF 750 million in doubling production capacity at its environmentally friendly tire recycling plant in Harta, central...

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...