Industry

Deals

Affidea names new finance director

Mihály Szabó has been appointed finance director of medical services provider Affidea Diagnosztika, taking effect from the end of 2016,...

Deals

Szijjártó urges Croatia, MOL to reach INA resolution

The Croatian government must reach an agreement with Hungarian oil and gas company MOL on buying out the latterʼs stake...

Deals

Spar outletsʼ operations unaffected by building owner changes

Spar Hungary has announced that two of its branches, one in Zalaegerszeg and another in Nyíregyháza, will continue operations uninterrupted,...

Pharma

Richter, Allergan sign distribution, supply agreement

A few days after announcing positive results from new drug Venus II, Hungarian pharmaceutical Gedeon Richter announced today it has...

Automotive

Audi Hungaria’s output falls in 2016

The production of car manufacturer Audi Hungaria dropped by 95,882 rolled-out engines and was down by 37,231 in the case...

Retail

Cross-border trade seen growing 19% in Hungary this year

With the constant growth of the e-commerce industry, cross-border trade in Hungary is expected to grow by 19% this year...

Deals

CTP headcount grows in CEE, more Hungarian investment ahead

The number of jobs created by real estate developer CTP in its industrial and office parks was up by 13%...

Deals

All EU funds could be disbursed before 2018 elections

The Hungarian government is aiming to disburse all of the HUF 9 trillion available in EU funding in the present...

Automotive

Hungarians favor gray hatchbacks running on gasoline

Hungarian customers prefer hatchbacks with gasoline engines with an output of up to 69 kW, manual transmission and two-wheel drive,...

Retail

Gov’t sends pensioners abroad voucher invalid outside Hungary, says RTL

The Hungarian government has sent HUF 10,000 vouchers that cannot be used outside Hungary to more than 32,000 pensioners living...

Deals

Externet shares to be traded for last time on April 25

Shares of alternative telco Externet will be traded for the last time on the Budapest Stock Exchange on April 25,...

Automotive

Stalling auto sector slows industrial output

Although the volume of Hungary’s industrial output was up by 0.6% in November compared to the corresponding month a year...

Deals

Fornetti raises employeesʼ wages in Hungary

Bakery chain Fornetti is raising the wages of its Hungarian workers this year, responding to the Hungarian government’s raised minimum...

Deals

KPMG Hungary welcomes new director

Tünde Tóth-Zsiga has been appointed director at the Hungarian branch of KPMG, filling the position as of January 2, 2017,...

Deals

Hungary’s M&A market sees fundamental change

Rules on mergers and acquisitions are being fundamentally changed in Hungary with recent amendments to  competition law passed by Parliament...

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...