Industry

Retail

Further wage raise planned at OBI Hungary

Wages of approximately 1,700 employees working in stores of German-based DIY chain OBI in Hungary will be raised by 23%-25%,...

Deals

Raiffeisen Bank welcomes new CEO

György Zolnai, the former chairman-CEO of Budapest Bank, will take over as CEO of Raiffeisen Bank Hungary, according to a...

Retail

Little Caesars may conquer Europe via Hungary

U.S. pizza restaurant chain Little Caesars is planning to enter the European market by expanding into Hungary and Poland, according...

Deals

LG Electronics Hungary welcomes new head

Bumseop Lee has been appointed regional chief at LG Electronics Magyar Kft., in which position he will be responsible for...

Deals

MOL announces terms for share option agreement with UniCredit

Hungarian oil and gas company MOL announced late Tuesday the terms and conditions of an option agreement with UniCredit Bank...

Deals

Employers turn more to online recruitment

The number of online job adverts published on recruitment website Profession.hu was up 22% last year compared to the preceding...

Deals

Rác Bath to be sold in open tender, says liquidator

The historic Rác Thermal Bath in Budapest will be sold in an open tender, according to Sándor Börcsök, the liquidator...

Deals

MNB fines financial firms HUF 297 mln

U.S.-based IDW Consulting LLC and offshore units of Goldstein Brokers have been fined a combined HUF 258 million by the...

Automotive

Hungary’s industrial output up 0.6% in November

The volume of Hungary’s industrial output was up by 0.6% in November compared to the same month a year earlier,...

Automotive

AAA Auto sold 4,650 used cars in Hungary in 2016

AAA Auto’s local subsidiary sold 4,650 used cars in Hungary last year, up by approximately 33% compared to 3,500 in...

Transport

Wizz Air pax numbers fly to a record high

Hungarian low-cost airline Wizz Air saw passenger numbers reach a record 23 million in 2016, up 19% compared to the...

Pharma

Hungary ready to fly through the clouds

Hungary’s cable network conditions are adequate, while mobile network technologies are excellent for the introduction of advanced cloud-based applications, according...

Deals

MOL to settle, replace share option agreements with UniCredit

Hungarian oil and gas company MOL said late yesterday it expects to settle option rights with UniCredit Bank for a...

Retail

Mercedes Hungary tops premium sales in 2016

The Hungarian subsidiary of Mercedes-Benz sold the most cars in the country in the premium category in 2016, according to...

Automotive

Vehicle importers in Hungary see 5% market growth in 2017

Hungarian vehicle importers expect 5% market growth this year, the head of the Hungarian Association of Vehicle Importers (MGE) said...

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...