Industry

Deals

PannErgy sells stake in geothermal heat reseller for HUF 250 mln

Geothermal energy company PannErgy yesterday announced the sale of an indirectly owned 40% stake in Geo-Wendung, a company that resells...

Deals

Lacoste opens flagship store on Fashion Street

Lacoste opened its Hungarian flagship store on Budapest’s Fashion Street, owned by Immobilia Plc., after relocating to the new 120...

Deals

Budapest transport company begins testing new Kravtex-Kuhne model

BKK, the umbrella company for the capitalʼs public transport has began testing the Kravtex-Kuhne groupʼs new bus model, according to...

Retail

Deichmann sales up 7.6% in Hungary

German-based shoe retailer Deichmann saw revenues in Hungary rise by 7.6%, to reach HUF 38.3 billion over the last year,...

Deals

Hyperloop vacuum rail would put Vienna 20 minutes away

A private firm said yesterday it is planning a super-fast train inside a vacuum tube, called a hyperloop, which could...

Automotive

Budapest to host Auto, Motor and Tuning Show

Budapest’s exhibition center Hungexpo is hosting the Auto, Motor & Tuning Show (AMTS) starting today and running until Sunday....

Deals

Hungarian Competition Authority issues less fines, focuses on banks

There has been a substantial decrease in the past two years of the number and amount of fines issued by...

Deals

Volán bus drivers to strike March 28-April 1

After failing to receive a wage increase, employees of state-owned bus company Volán are planning a five-day partial strike that...

Deals

MNB fines banks HUF 124 mln for borrowers relief shortfalls

The National Bank of Hungary (MNB) levied HUF 124 million in fines penalizing lenders for shortfalls related to compensation they...

Retail

Hervis opens 27th store in Hungary

Austrian sporting equipment retailer Hervis opened its 27th store in Hungary today, in Veszprém, according to a press statement issued...

Deals

MNB: Pension funds produce real-term yields both in 2015 and over ten years

Although actual yields varied widely even within similar-risk portfolios, apart from a few exceptions, pension funds produced net yields over...

Pharma

Karzol-Trans lays cornerstone of HUF 1.6 bln logistics base

Road haulage company Karzol-Trans laid the cornerstone of a HUF 1.6 billion logistics base on the outskirts of Budapest on...

Automotive

AAA Auto opens new branch in Pécs

AAA Auto opened its newest branch in Hungary yesterday in the city of Pécs, and provides a full range of...

Deals

NNG welcomes new CEO

Giles Shrimpton was appointed CEO of NNG, Hungarian-founded supplier of automotive navigation software, content, and services, as of March 1,...

Deals

DHL Express Hungary welcomes new CEO

Zoltán Bándli was appointed CEO of DHL Express Magyarország, effective from tomorrow, succeeding John Lucas, who will lead the South...

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...