Industry

Pharma

Novartis Raises Awareness of Cholesterol Risks and Cardiovascular Health

Cardiovascular diseases are the leading cause of death in Hungary, yet public awareness remains low about the underlying risks and...

Deals

4iG Acquires 31% of Rotors&Cams

Listed ICT company 4iG on Friday said it acquired a 31% stake in Rotors&Cams, thereby acquiring both majority ownership and...

Retail

Aldi to Continue Expanding Its Network in Hungary

Aldi opened 10 new stores in Hungary this year, as in the previous years, and wants to continue expanding at...

Transport

Lufthansa Technik to Provide Exclusive Base Maintenance for Eurowings’ A320 Fleet

Lufthansa Technik has signed an agreement with Eurowings Technik to provide comprehensive base maintenance support for Eurowings’ Airbus A320 family...

Automotive

BYD to Open 3 Dealerships in Hungary

Chinese EV maker BYD on Thursday said it will add three dealerships to its sales and service network in Hungary,...

Deals

2024 Saw Hungary’s Largest Business Deal to Date

Following a HUF 600 bln deal last year in which the state acquired an ownership stake in Vodafone Magyarország, 2024...

Transport

Air Traffic Set to Climb by 6% Ahead of Winter Holidays

According to preliminary estimates by air navigation service provider HungaroControl, traffic will be 6% higher in the two weeks before...

Deals

MVM to Acquire Majority Stake in E.ON Energie Romania

State-owned Hungarian energy group MVM has agreed to acquire a majority stake in E.ON's retail and customer solutions business in...

Retail

Lidl Hungary Marks Two Decades as an FMCG Market Leader

Lidl Hungary marked its 20th anniversary by celebrating outstanding achievements, including securing the top spot in the Hungarian FMCG sector...

Manufacturing

Videoton to Finish 2024 With Revenue of Around HUF 300 bln

Electronics manufacturing services company Videoton expects to close 2024 with net revenue of around HUF 300 bln, chairman-CEO Gábor Széles...

Retail

Retailers Raging Against the Dying of the Black Friday Light

Drowning in dullness was our conclusion about last year’s Black Friday promotion in Hungary. More accurately, the promotion period, as...

Automotive

Hungarian Automotive Fears it Must Brace for Impact

Automotive in Hungary has been struggling for a while now, and with newly introduced European duties on Chinese EV imports...

Retail

Survey: Shoppers Prepared to Hunt for Best Holiday Deals

Most consumers are actively searching for holiday discounts, according to EY's int'l survey of 13,000 shoppers. The study found that...

Automotive

Mercedes-Benz to Shut Down Production for 1 Month

Mercedes-Benz will be shutting down production at its base in Kecskemét for a winter break from December 18 until January...

Automotive

AutoWallis Group Issues EUR 20 mln Bond to Fund Int’l Expansion

AutoWallis Group has raised EUR 20 mln in a private bond placement to support its international expansion and acquisition strategy....

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...

Pharma

Rooftop Breakfast Offers Helicopter View of AI’s Impact on Pharma

About 50 guests began their day in the beautiful setting of the Duchess Rooftop Bar of the Matild Palace Hotel...

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...

Older Small Cars Rise in Price as Hungary’s Budget Used-Car Supply Shrinks

Suzuki Swift asking prices rose 25.8% year-on-year in September as the share of used cars below HUF 2.5 mln shrank,...

Lake Balaton Cycling Upgrades to Add Wider Paths and New Bridges

Nearly 20 km of the Lake Balaton cycling circuit will be renovated under two programs financed through EU and domestic...

Rooftop Breakfast Offers Helicopter View of AI’s Impact on Pharma

About 50 guests began their day in the beautiful setting of the Duchess Rooftop Bar of the Matild Palace Hotel...

Resident Evil Game Prices Rise Around Film Premiere

Physical console editions of several Resident Evil games rose in price around the film’s Sept. 17 theatrical release, according to...

FDA Accepts Richter’s Fylrevy Menopause Therapy Application for Review

The U.S. Food and Drug Administration (FDA) has accepted Gedeon Richter’s new drug application for Fylrevy, the Hungarian pharmaceutical company...

Egis Opens Major Pharmaceutical Distribution Center in Fót

Egis has opened a distribution center in Fót with capacity for 30,000 pallets, expanding its finished-product logistics operations to support...

Spar Files New EU Complaint Over Hungary’s Retail Tax

Spar has filed another complaint with the European Commission over Hungary’s retail sector tax, arguing that amendments offer relief only...

Continest and Sweden’s Flexotrap Join Forces on Modular Shooting Ranges

As defense spending grows in importance across Europe following Russia’s full-scale invasion of Ukraine, local firm Continest Technologies Plc. and...

Hungary Retail Sales Rise 2.4% in August

Hungary’s retail sales volume increased 2.4% year on year in August but fell 0.7% from July, according to data from...

Hungarian EV Market Continues to Grow, Leading CEE

Electromobility in Hungary continues to grow. In the first half of the year, 7,497 new all-electric passenger cars were registered,...

GTA VI Preview Sends Hungarian Console Interest Surging

Clicks from Hungarian price comparison site Árukereső to online console retailers rose roughly sevenfold the day after the Aug. 27...