Industry

Retail

Leading online marketplace adds services, allows video upload for advertisers

Hungarians now search for service providers mostly online, a trend that should be further helped by the option of video...

Transport

Wizz Air signs Balkan flight concessions

Hungarian low-fare airline Wizz Air on Thursday signed an agreement with the National Development Ministry on concessions to operate flights...

Pharma

SZTA venture fund investments reach HUF 13 bln

The Széchenyi Capital Investment Fund (SZTA), a venture capital fund established by the state to support SMEs, has invested about...

Transport

Wizz Air announces 5 new flights to West Balkans

Wizz Air, which bills itself as the largest low-cost airline in Central and Eastern Europe, today announced five new West...

Deals

Decision on sale of Budapest Bank expected by yearʼs end

The coming weeks are expected to make clear the governmentʼs plans for Budapest Bank, which passed into state ownership in...

Automotive

Industrial production down 2.1% in October

In October 2016, the volume of industrial output declined by 2.1% year-on-year, with the index adjusted for working days equal...

Retail

Apollo Vredestein donates tires to Child Rescue Foundation

Apollo Vredestein has donated full winter tire sets for the four response units of the Hungarian Child Rescue Foundation, according...

Deals

New services at CityZen, Kálvin Square push workers to exercise

New services have become available for tenants of the CityZen and Kálvin Square office buildings, such as separate men’s and...

Deals

Iron Mountain Inc names vice president

András Szakonyi has been appointed Senior Vice President responsible Eastern and Northern Europe at Iron Mountain Incorporated, an enterprise information...

Deals

Futureal sells Polish Nova Park shopping mall for EUR 88.5 mln

Hungarian real estate firm Futureal Group has sold its Polish retail asset, Nova Park to a joint-venture formed by MAS...

Automotive

MNB urges shift toward higher added-value production in industry

The industrial competitiveness of Hungary may be strengthened by a shift towards higher added value production, the National Bank of...

Pharma

MVM NET lays cornerstone of HUF 10 bln data center

Hungarian state-owned telco MVM NET laid the cornerstone of a more than HUF 10 bln data center on the outskirts...

Automotive

French Le Belier eyes HUF 10 bln investment in Hungary

French automotive industry supplier Le Belier will invest an accumulated HUF 10 billion in three of its Hungarian plants, for...

Deals

MNB acquires HUF 345 mln of artwork

The National Bank of Hungary (MNB) announced today it had purchased about HUF 345 million of artwork under a program...

Deals

Széchenyi venture capital fund exits 20th investment

Széchenyi Capital Investment Fund (SZTA), a venture capital fund established by the state to support SMEs, has exited its 20th...

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...