Industry

Deals

C&W sees upswing in CEP market

Hungary has seen continuously rising commercial sales volume since the 2009 financial crisis, and - apart from seasonal cycles -...

Deals

Purchases with bankcards on the rise in Hungary

The number of purchases made in Hungary with locally issued bank cards rose 24% to 122 million in the second...

Transport

Wizz Air adds four routes from Budapest

Hungarian low-cost airline Wizz Air is adding four new direct flights to its schedule from Budapest as of April 2017,...

Retail

CBA cancels franchise agreement for 80 stores

Hungarian-owned retail chain CBA is ending its franchise contract with wholesale firm Palóc Nagykereskedelmi, which has been operating 80 CBA...

Deals

Analyst: Industrial output slump unsurprising

Confirmation of Hungary’s 4.7% overall drop in industrial output in July, released by the Central Statistical Office (KSH) yesterday, was...

Retail

Coincasa reported eyeing Hungarian markets

Italy-based furniture retailer Coincasa is reported to be eyeing an entry into the Hungarian market, chiefly in cities with more...

Automotive

Automotive sector puts brake on Hungary’s industry

As output of Hungary’s automotive sector, which is considered the engine of industry here, fell by 8.5% in July compared...

Pharma

Chinese invest in Kecskemét light aircraft factory

Kecskemét-based aircraft manufacturer Magnus Aircraft has signed an investment deal worth more than EUR 30 million on creation of a...

Deals

Hungary endures dearth of IT professionals

Approximately 22,000 IT professionals were lacking on the Hungarian labor market last year, a number said to have grown even...

Deals

Cetelem Bank fined HUF 4.5 mln

Magyar Cetelem Bank has been fined HUF 4.5 million by the National Bank of Hungary (MNB) for violating rules of...

Pharma

Randstad Hungary expands operations

The Hungarian unit of international staffing firm Randstad has opened its new office in Hungary’s second city Debrecen, according to...

Automotive

Varga discusses buses with Mercedes-Benz Hungary

Hungary’s Minister for National Economy Mihály Varga yesterday met the head of Daimler Buses Hartmut Schick and the managing director...

Pharma

Dana to build HUF 15 bln factory in Hungary

U.S. automotive component manufacturer Dana is planning to launch an investment of HUF 15 billion in Hungary’s northwestern city of...

Retail

Spar invests HUF 1.6 bln in renovating stores

Celebrating its 25th anniversary here, the Hungarian subsidiary of multinational retail chain Spar is investing HUF 1.6 billion in renovating...

Retail

Coop supermarket franchise targets 3-4% turnover rise

Hungarian-owned supermarket franchise operator Coop targets a 3-4% revenue increase this year, Co-op Hungary CEO Géza Tóth said yesterday, according...

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...