Industry

Automotive

Leasing outlays for agricultural vehicles reaches HUF 79 bln in Q1

The value of agricultural vehicles leased by companies reached HUF 79 billion in the first quarter of the year, up...

Automotive

Used car sales grow 18% in Q2 in Hungary

Hungary’s second-hand car sales were up by 18% in the second quarter of the year as compared to the same...

Deals

Takarékbank receives HUF 100 mln fine

Hungarian Takarékbank Zrt., which operates as a kind of central bank for Hungary’s integrated savings cooperatives, received a fine of...

Automotive

Company court registers 2% reduction in MOL share capital

The company court has registered a 2% reduction in the share capital of Hungary’s oil and gas giant MOL, according...

Transport

Wizz Air, Pratt & Whitney sign jet agreement

Hungarian low-fare airline Wizz Air and Pratt & Whitney signed an agreement valued at more than $2.5 million for the...

Automotive

Used car imports up 22% in Hungary in H1 2016

Imports of used cars increased by 22% in Hungary in the first half of 2016 in a year-on-year comparison, and...

Deals

Siker Malomipari set to be wound up

The bankruptcy procedure of milling company Siker Malomipari was ended by a court today, making way for a wind-up procedure,...

Pharma

Lidl promises HIPA to use more Hungarian suppliers

The Hungarian Investment Promotion Agency (HIPA) and the Hungarian subsidiary of Austrian supermarket chain Lidl signed an agreement yesterday, under...

Automotive

KSH confirms production grew 9.2% in May, y-o-y

Hungary’s volume of industrial output was up by 9.2% in May, as compared to the same month a year earlier,...

Deals

MOL sells minority stake in Energopetrol to INA

Hungarian oil and gas company MOL signed an agreement with INA, the Croatian oil and gas company in which MOL...

Retail

Szamos considers Kossuth tér location a success

Business is booming for Szamos Marzipan at a new three-story retail unit and café located across from the Hungarian House...

Deals

CTP expands Hungarian portfolio

CTP signed an agreement to purchase two logistics sites in Hungary with a combined floor space of 66,000 square meters...

Pharma

EPAM Systems to spend HUF 3.6 bln on expansions in Hungary

U.S.-based software developer EPAM Systems will spend HUF 3.6 billion to expand its capacity at bases in the Hungarian cities...

Retail

Nestlé bought 109 tons of ground pepper in Hungary in 2015

Nestlé’s Hungary used 109 tons of ground pepper purchased from Hungarian producers in 2015, and used it in making products...

Pharma

Richter closes Finox Holding acquisition

Hungarian drugmaker Gedeon Richter said it closed on Friday the acquisition of Swiss fertility treatment company Finox Holding in a...

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...