Industry

Deals

Gov’t cuts 2016 fiscal deficit target to 1.7% of GDP

The government has decided to cut Hungaryʼs deficit target, calculated according to EU accounting rules, to 1.7% of GDP from...

Pharma

GE opens Global Digital Development Center in Budapest

General Electric today inaugurated its Global Digital Development Center in Budapest, which it says was carried out through a HUF...

Automotive

Hungary’s industrial production grows 11.1% in August

The volume of Hungary’s industrial output increased by 11.1% in August as compared with the same month a year earlier,...

Deals

CIG Pannonia to buy life insurer peers

Hungary’s CIG Pannonia Life Insurance announced today that its board of directors has decided to purchase peers MKB General Insurance...

Automotive

Hungary’s Magnus Aircraft to enter U.S. market, invest in Texas

Hungary-based Magnus Aircraft is planning a USD 2.8 million greenfield investment in an assembly and maintenance plant in Fredericksburg, Texas,...

Retail

Praktiker opens 20th store in Hungary

Do-it-yourself retail chain Praktiker today opened a 12,000 square-meter store in Budapest, which is the retailerʼs 20th and also the...

Deals

Hungarian government to set up taxi watchdog

The Hungarian government is planning to set up a body operating under the aegis of the National Transport Authority (NKH),...

Pharma

Agrofeed finishes HUF 3 bln plant in Russia

Hungary-based feed supplement manufacturer Agrofeed has finished and inaugurated its plant in Russia’s Yasnogorsk, which was realized through an investment...

Deals

Hungary to introduce fees for e-cigarettes

As another step in further regulating the market, the Hungarian government is foreseen to levy many new fees on retailers...

Deals

Italyʼs ITL Group grows steadily in Hungary

Italian-Hungarian commercial relationships have been growing at a steady pace recently, Italyʼs Ambassador to Hungary Maria Assunta Accili said today...

Automotive

Hungary sees upsurge in new car registrations

The number of new car registrations in Hungary amounted to 8,229 in September, up by 31.3% compared to the same...

Transport

Wizz Tours celebrates third anniversary

Wizz Tours, the online travel service of Hungarian low-fare airline Wizz Air, has been operating for three years, and as...

Deals

EY welcomes new cyber security chief

Mihály Zala has been appointed head of the cyber security advisory arm of professional services firm EY Hungary, effective from...

Automotive

Suzuki targets 11,000 car sales in Hungary this year

The Hungarian subsidiary of Suzuki has raised this yearʼs sales target in the country to 11,000 vehicles, the Japanese car...

Transport

Online travel platform Wizz Tours names new CEO

István Csanálosi has been named the new Chief Executive Officer of Wizz Tours, the online travel service provider of Hungarian...

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...