Industry

Pharma

Szijjártó: Hungary’s automotive exports set records

Exports generated by the Hungarian automotive sector reached a record €19.6 billion in 2015, increasing by 14%, or €2.4 bln,...

Deals

Registration for MARK asset purchase scheme begins in March

The Hungarian Reorganization and Receivables Management Company (MARK) said today that banks will be able to register for its asset...

Retail

Hungary’s OT Industries-DKG plans layoff of 170

Hungaryʼs OT Industries-DKG is planning to lay off 170 of its staff due to a drop in Russian orders for...

Retail

Survey: Hungary’s online retail sales up 16% in 2015

Hungary’s online retail sales reached HUF 270 billion in 2015, up 16% as compared to the preceding year, a joint...

Deals

BofAML: Dovish MNB signals herald new rate cuts

Dovish signals from Hungaryʼs central bank are heralding a new rate cutting cycle, London-based emerging markets economists said yesterday, according...

Deals

Citi Hungary appoints new CEO

Kevin A. Murray was appointed the new CEO of the Hungarian division of Citibank, as well as the head of...

Transport

Report: Budapest-Sofia route will not receive state subsidy

Direct flights between Budapest and Sofia will no longer receive state support as earlier promised by the National Development Ministry,...

Retail

Spar Magyarország sales rise 3% in 2015

The turnover of supermarket chain Spar Magyarország was up 3% compared top the previous year, reaching HUF 488.2 billion in...

Pharma

thyssenkrupp Hungarian plant to begin operations in 2018

Germany-based technology group thyssenkrupp is expected to complete construction of its plant in Hungary’s Jászfényszaru by 2018, city mayor Márta...

Automotive

Report: New car registrations grow 12% in February

New passenger car registrations in Hungary rose 12.3% to 6,625 in February as compared to the same period a year...

Deals

Parliament extends deadline of capital requirement for local companies

Hungarian Parliament approved legislation today to extend the mandatory capital increase requirement for limited liability companies operating in Hungary to...

Retail

Novel approaches in place of old paradigms about Customer Experience

Customer Experience is a key differentiator in today’s business world. Based on DEVELOR’s International Customer Experience Survey 2016, corporate decision...

Pharma

Szijjártó: Kecskemét to see HUF 10 bln in automotive industry investments

Two new automotive industry investments with a combined value of HUF 10 billion are being launched in Kecskemét, Minister of...

Pharma

Varga: Republic of Korea third most important non-European investor in Hungary

The Republic of Korea is the third most important non-European investor in Hungary, National Economy Minister Mihály Varga said yesterday...

Deals

London analysts: Unconventional tools ‘not enough to stabilize HUF’ at competitive levels

Unconventional monetary policy on its own will probably not be powerful enough to stabilize the forintʼs exchange rate at 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...