Industry

Automotive

Poor industrial output in July raises doubts about reaching annual growth targets

Hungarian industrial output dropped in July, which is only partly to do with there being fewer working days in that...

Deals

Magyar Suzuki names new Managing Director

Yoshinobu Abe has been named Managing Director of Magyar Suzuki, the Hungarian unit of the Japanese car manufacturer, replacing Naoyuki...

Deals

Investment promotion agency closes education program

A delegation of ambassadors accredited to Hungary and commercial attachés yesterday attended the ‘Meet My Country’ event in the town...

Retail

Domestic online retail trade up 18% in H1

In the first half of 2016, online retail trade saw an 18% growth in Hungary, mainly attributed to the impact...

Retail

Decathlon opens downtown store at Nyugati

Hitherto operating stores only on the outskirts of Budapest, the sporting goods chain Decathlon yesterday announced the opening of a...

Deals

Lázár describes administrative shakeups

The Hungarian State Treasury will become the only central agency responsible for payments of state support and public benefits, Cabinet...

Deals

Royal Riding School to be rebuilt for HUF 3.5 bln

The state will pay to rebuild the one-time Royal Riding School in Buda Castle, at a cost of HUF 3.5...

Deals

Appeninn property firm reports drop in profit

Budapest real estate firm Appeninn Holding today reported that after-tax earnings in the first half of the year were €412,000,...

Deals

Firm run by Orbán associate gets another construction contract

A company headed by István Garancsi, who is close to Prime Minister Viktor Orbán and whose firm has already won...

Deals

Survey: Foreign supermarket chains pay best

Amid an increasing shortage of workers on the domestic labor market, foreign-­owned supermarket chains are offering ever more attractive wages...

Automotive

Survey: Fewer motorists use brand services

Currently only one-fifth of Hungarian motorists take their vehicles to brand services for inspections and repair, according to a survey...

Automotive

Varga inaugurates Hungarian e-vehicle charging station

Hungary’s Minister of National Economy, Mihály Varga, yesterday inaugurated an electric vehicle charging station that is located in Budapest and...

Deals

Tesco rejects report that it is closing Hungarian HQ

U.K.-based supermarket chain Tesco rejected todayʼs report by Hungarian government-friendly daily Magyar Idők that Tesco was planning to shut down...

Pharma

TriGranit seals deal to sell Bonarka City Center in Poland

Hungarian real estate developer, TriGranit, reached a preliminary agreement to sell the Bonarka City Center in Kraków, Poland, to Rockcastle,...

Deals

MTel entirely carbon-free last year

Magyar Telekom, the Hungarian unit of German telco giant Deutsche Telekom, operated entirely carbon-free last year, according to a sustainability...

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...