Industry

Deals

Kőröstej welcomes new CEO

Bernadett Kovács has been appointed CEO for Hungarian dairy producer Kőröstej Csoport, leaving her previous position as commercial and marketing...

Retail

KSH: Hungary’s retail sales up 4.6% in August

Hungary’s retail sales, according to both raw and calendar-adjusted data, saw a year-on-year rise of 4.6% in August, Hungary’s Central...

Deals

G4S group to spend HUF 1 bln a year on developments

The Hungarian units of the multinational security group G4S plan to spend HUF 1 bln a year on developments in...

Retail

Prime Minister’s Office buys landmark on Andrássy

On behalf of the Prime Minister’s Office, state-owned bank MFB has purchased the Paris Department Store, a historic Art Nouveau...

Deals

EY: Hungaryʼs M&A market grows 46%

The number of mergers and acquisitions (M&A) transactions in Hungary saw a rise of 46% in the first half of...

Transport

Wizz Air resumes Budapest-Baku route

Hungary’s low-cost airline Wizz Air is relaunching its Budapest-Baku flights as of March 27, 2016, according to an announcement issued...

Deals

MOL acquires Eni’s downstream business in Hungary

Hungarian oil and gas company MOL said on Wednesday that it had signed an agreement with Eni International B.V. to...

Pharma

Mapei to invest HUF 1 bln in Hungary

The Hungarian subsidiary of Italian building materials manufacturer Mapei is scheduled to launch a HUF 1 bln investment at its...

Pharma

Sony Pictures expands Hungarian portfolio

Hungary’s Competition Office (GVH) cleared the acquisition of Viasat Hungária Zrt., the operator of commercial channel Viasat 3, by Sony...

Retail

Magyar Telekom welcomes new marketing director

Mohamed ElSayad has been appointed Residential Marketing Director at Magyar Telekom, the Hungarian subsidiary of German telco giant Deutsche Telekom,...

Automotive

MNB: Insurers must validate contracts with former Astra policy holders

Insurers must recognize the mandatory vehicle liability insurance contracts as valid from October 1 for former policy holders of Romanian...

Deals

Metrans builds €35-50 mln logistics base in Hungary

Germany HHLA AG’s Hungarian subsidiary Metrans Konténer today laid the cornerstone of a logistics base it is building in Csepel,...

Deals

BUX down again, volumes low

The Budapest Stock Exchangeʼs main BUX index finished down 0.48% at 21,548.55 Wednesday after falling 0.91% Tuesday. It is up...

Deals

CIB, GfK survey: Investment focus falls on internal markets

Managers of Hungarian businesses are consciously planning to focus on and invest in internal markets, while fine-tuning financing strategies in...

Transport

Wizz Air celebrates 100 million passengers in 11 years

Hungary’s low-cost airline Wizz Air is celebrating a milestone today: It has transported 100 million passengers in the past 11...

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...