Industry

Deals

MNB fines Banif Plus Bank HUF 49 mln

The National Bank of Hungary (MNB) fined Banif Plus Bank HUF 49 million on charges of maintaining weak levels of...

Transport

Wizz Air launches three new routes from Budapest

Hungarian low-fare airline Wizz Air is launching three new routes from Budapest, adding Liverpool, Reykjavik and Ibiza to the company’s...

Deals

FHB offers state chance to subscribe new shares

The board of directors of FHB Mortgage Bank decided yesterday on the conditional increase of the companyʼs share capital by...

Pharma

City of Mohács plans commercial port on Danube

The Hungarian city of Mohács is planning to build a commercial port on the Danube River with an investment of...

Deals

Proceeds of MKB sale to go to Bailout Fund

The proceeds of an eventual sale of state-owned MKB Bank will go to the Bailout Fund, to save banksʼ and...

Deals

Gránit Bank changes ownership structure, plans capital raise

Hungarian Gránit Bank Zrt. announced late yesterday its changes to the companyʼs ownership structure as well as a capital raise of...

Deals

OTP pension fund members reach nearly 219,000

The voluntary pension fund of Hungaryʼs OTP Bank raised the number of its members to approximately 219,000 last year, a...

Automotive

Association: New car imports set to climb 4% this year

Hungarian imports of new cars could rise 4% this year, the managing director of the Hungarian Association of Vehicle Importers...

Pharma

EMA to evaluate Richter’s new drug teriparatide

The European Medicines Agency (EMA) has accepted Hungarian drugmaker Gedeon Richter’s regulatory submission for the proposed biosimilar to Eli Lilly’s...

Retail

Survey: Hungary’s e-commerce expands 20%

E-commerce in Hungary increased approximately 20% this year as compared to last year, chiefly due to the Black Friday discount...

Automotive

Audi Hungary turns out 300,000th vehicle

The Hungarian unit of German car manufacturer Audi in Győr, northwestern Hungary, turned out the 300,000th vehicle since it launched...

Pharma

BorgWarner winds up HUF 3.5 bln expansion

The Hungarian unit of U.S.-owned automotive industry supplier BorgWarner yesterday finished a HUF 3.5 billion expansion at its turbo system...

Pharma

Szijjártó calls Austrian leader’s plan for migrants ‘silliness’

Austrian Chancellor Werner Fayman does not see the difference between “solidarity and silliness”, Hungary’s Foreign Minister Péter Szijjártó said yesterday,...

Retail

Most retailers will have to close for four days

As yesterday was the last Sunday retailers could stay open, under the Sunday closings law taking effect on March 15,...

Deals

Erste Hungaryʼs acquisition of Citibank retail business approved

Hungaryʼs Competition Office (GVH) and the National Bank of Hungary (MNB) have approved the purchase of the Hungarian retail business...

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...