Industry

Pharma

Szijjártó signs deals with three US companies

Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó signed deals with three US-based companies for investments that are expected...

Deals

Zsolnay majority owner places HUF 400 mln n escrow

Bachar Najari, the majority owner of porcelain maker Zsolnay, has placed HUF 400 million the company owes the state-owned Hungarian...

Deals

Tesco Hungary sheds 500 after internal restructuring

Around 500 employees are leaving their positions at the Hungarian unit of Tesco following a restructuring of the business in...

Pharma

BAT eyes HUF 3 bln capacity investment

The Hungarian subsidiary of British American Tobacco (BAT) is planning to increase production capacity at its Hungarian plant in Pécs...

Deals

S&P upgrades MOL credit rating to BB+

Ratings agency Standard & Poor’s on Tuesday raised its long-term corporate credit rating for Hungarian oil and gas company MOL...

Transport

Report: Wizz Air cancels Debrecen-Malmö route

Hungarian low-fare airline Wizz Air canceled its Debrecen-Malmö route due to a low volume of passengers, Hungarian online daily origo.hu...

Deals

EIB lends €40 mln to GYSEV for rolling stock, safety improvements

The European Investment Bank (EIB) signed a €40m loan agreement with GYSEV, a regional railway owned by the states of...

Pharma

State gives HUF 240 mln boost to training software maker

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

Deals

Hungarian mineral water bottler eyes expansion

In alliance with Italy’s Pasquale family, Hungarian mineral water magnate Levente Balogh is planning to expand his business through acquisitions...

Automotive

Electric vehicles in Hungary treble in H1

The number of electric vehicles rolling on Hungarian roads has increased almost threefold in half a year: up from January’s...

Transport

Wizz Air gains IATA IOSA benchmark

Hungarian low-cost airline Wizz Air has passed the Operational Safety Audit (IOSA) of the International Air Transport Association (IATA), considered...

Pharma

GVH probe of RTL finds no abuse of market position

The Hungarian Competition Authority (GVH) announced it has found no abuse of market position on the part of commercial television...

Deals

Lázár: Hungary negotiates metro renovation with Brussels

The Hungarian government is in negotiations with the European Commission on funding for the renovation of Budapest’s M3 metro line,...

Deals

MNB: Trade in Norbi Update, TR Investment shares continues

Trading in the shares of Norbi Update and TR Investments on the Budapest Stock Exchange can be continued, the National...

Deals

Videoton Holding expects 5-10% revenue growth in 2016

Contract electronics maker Videoton Holding expects its revenue will grow by 5-10% in 2016 after the firm earned HUF 154.8...

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...