Industry

Deals

MOM Park says new operator to take over multiplex

Although Andrea Buda, marketing director of movie theater operator Cinema City, reportedly told Hungarian news agency MTI that the company...

Deals

Suzuki’s Hungarian sales market share exceeds 11% in 2016

The Hungarian subsidiary of Japanese carmaker Suzuki sold 11,266 cars in Hungary last year, increasing its local market share to...

Retail

When two-into-one does go

Differing customer needs led Invitel Group to split one company into two. CEO David Blunck says the move is paying...

Deals

Skanska sells Nordic Light to Erste Alapkezelő

Real estate firm Skanska has sold Nordic Light, an office complex in Budapest, to Erste Alapkezelő Zrt, a subsidiary of...

Retail

Minimum wage rises could add 2.5pp to private sector wage growth, says MNB

The National Bank of Hungary (MNB) expects the spillover effect of a recent agreement on increases in the minimum wage...

Deals

C&W sells former CIB Bank HQ in Budapest

Cushman & Wakefield, representing CIB Bank, have facilitated the sale of the former CIB Bank Headquarter offices in Budapest’s Szabadság...

Deals

MNB raises 2017 GDP growth forecast to 3.6%

Although the National Bank of Hungary (MNB) has upped its GDP growth forecast for next year to 3.6% from the...

Deals

Ecomin bullish in raising 2017 GDP growth forecast to 4.1%

Hungary’s Ministry for National Economy expects the country’s GDP growth to accelerate, exceeding 4% in 2017, according to Hungarian news...

Deals

Rockaway Group buys Arukereso.hu from Naspers

The Prague-based Rockaway Group has acquired Hungarian online price comparison site Arukereso.hu, as well as its Romanian peer Compari.ro and...

Deals

Local Dentons office advises on Spadel acquisition

European mineral water concern Group Spadel’s acquisition of a 93.29% stake in Devin AD, the leading producer of bottled water...

Retail

Black Friday sales growing in Hungary, research says

A total of 2.1 million adult internet users made purchases on Black Friday, out of a population measured at 9.8...

Deals

Asahiʼs EUR 7.3 bln acquisition of CEE beer businesses assisted by Allen & Overy

Biggest ever acquisition of a foreign beer operation by a Japanese brewer further consolidates Allen & Overyʼs position as a...

Retail

Syrian chocolatier to build HUF 7.6 bln plant in Hungary

Syrian-owned premium chocolate maker Ghraoui Chocolate will build a HUF 7.6 billion chocolate factory in Hatvan (northeast of Budapest) through...

Retail

ICSID obliges Hungary to pay damages to French voucher company

The World Bankʼs International Center for Settlement of Investment Disputes (ICSID) has ordered the Hungarian state to pay French meal...

Deals

MOL acquisition expands range of services

Hungarian oil and gas company MOL said Thursday it has signed an agreement to buy a 51% stake in Budapest-based...

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...