Industry

Deals

General gov’t surplus reaches HUF 59.3 bln in November

Hungaryʼs cash flow-based general government surplus, excluding local councils, reached HUF 59.3 billion in the first eleven months of 2016,...

Automotive

Two Lidl stores add e-car charging stations

Two stores of Lidl Hungary, the local subsidiary of the German discount supermarket chain, have been supplied with electric car...

Deals

Magyar Posta, Deutsche Post DHL partner up on packages

Hungary’s state owned postal company Magyar Posta and Deutsche Post DHL have signed a cooperation agreement on package deliveries, the...

Deals

FHB board appoints new CEO

Márton Oláh has been appointed CEO of FHB Mortgage Bank by the institution’s new board of directors, the lender said...

Automotive

Industrial production drops 2.1% in October

Hungary’s volume of industrial output declined by 2.1% in October compared to the same month a year earlier, the index...

Deals

State-owned ENKSZ buys EDF Démász

Hungary’s state-owned utilities company ENKSZ announced today it had signed a contract to acquire EDF Démász, a regional electricity distributor,...

Retail

Spar Hungary modernizes seven more stores

Another seven of Spar Hungary’s stores were entirely modernized by the end of November, three in Budapest and four outside...

Deals

Nat’l Trading House promotes Áldomás brand in Moscow

The Hungarian National Trading House (MNKH), established by the government to make inroads into new markets, showcased its Áldomás line...

Pharma

Gedeon Richter sees changes in executive board

Gábor Orbán, director of corporate strategy at Hungarian drugmaker Gedeon Richter, has been appointed by the Board of Directors as...

Retail

Domestic supermarkets lose ground to German chains

Foreign, particularly Germany-based discount supermarkets are expanding at a much faster rate on the Hungarian market than domestic chains, with...

Deals

TV channel changes hands, set to remain pro-government

Hungarian commercial television channel Echo TV has changed hands, after owner Gábor Széles sold the station to a company owned...

Deals

MOL to increase production in Pakistanʼs Tal Block

Hungarian oil and gas company MOL will increase crude oil production in the Tal Block in Pakistan by about 10,700...

Automotive

Budapest to host agriculture conference on Dec. 12

The Netherlands-Hungarian Chamber of Commerce will host a conference entitled “Circular Economy - Sustainable Flow Management in Agriculture” in Budapest...

Retail

Spar Hungary opens recruitment office

Spar Hungary has opened its first recruitment office in Budapest in its store on Nyugati tér, in order to maintain...

Retail

Online retailers prepare for hike in holiday sales

Sales turnover at online retailers is expected to see an 18% rise on average in the last quarter of the...

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...