Industry

Automotive

GKI lowers GDP growth forecast to 2.0%

Economic research institute GKI has lowered its GDP growth forecast for this year to 2.0% from a projection of 2.3%...

Retail

Hungary to convert part of voucher system to cash

The Hungarian government has asked National Economy Minister Mihály Varga how the conversion of a part of the country’s voucher...

Pharma

Hungarian business chamber signs cooperation agreement with Chinese trade promotion council

The China Council for the Promotion of International Trade (CCPIT) signed a cooperation agreement with the Hungarian Chamber of Commerce...

Deals

MNB fines MKB Bank HUF 34.7 mln for deficiencies

The National Bank of Hungary (MNB) today fined MKB Bank HUF 34.7 million for deficiencies the central bank found in...

Pharma

Enterprise Investors agree to sell Scitec Nutrition to Ascendis Health

A private equity fund (PEF VII) managed by Polish Enterprise Investors, together with its minority co-investors (including Morgan Stanley Alternative...

Deals

K&H Bank Q1 profit reaches HUF 9.3 bln

K&H Bank had consolidated, IFRS after-tax profit of HUF 9.3 billion in the first quarter of 2016, up from HUF...

Retail

Coop revenue inches up 2% in 2015

Hungarian retail franchise group Coop Hungary had revenue of HUF 571 billion last year following revenue of HUF 560 bln...

Transport

Wizz Air profit grows 5% in 2015

Hungarian low-fare airline Wizz Air had a net profit of €193 million in the business year ending on March 31,...

Retail

Praktiker revenue climbs more than one-quarter

Do-it-yourself chain Praktiker had revenue of HUF 32.5 billion last year, up more than HUF 7 bln from 2014, the...

Retail

Report: Hungary considers 26% minimum wage hike

The Hungarian government is planning to increase minimum wage by 26% in 2017, a year before the parliamentary elections, online...

Deals

Bill would allow transfer of insurance association Dimenzio clients

Hungaryʼs government has submitted an amendment to lawmakers that would allow contracts held with troubled insurer Dimenzio to be transferred...

Transport

Wizz Air sole bidder for West-Balkan routes

Hungary’s low cost airline Wizz Air was the only airline to submit a bid for five West-Balkan routes from Budapest,...

Deals

Lázár: Despite drop in GDP, growth projections remain

Many factors lie behind the contraction in GDP in the first quarter, including a dramatic decrease in EU funds being...

Deals

Telekom to host 7th annual SMART Conference

Magyar Telekom, the Hungarian subsidiary of Deutsche Telekom will host the seventh annual SMART Conference in Budapest on May 23...

Deals

TriGranit announces strong Q1, says it plans more development

In the first quarter, real estate developer TriGranit signed new lease agreements for 25,777 sqm GLA, the average occupancy rate...

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...