Industry

Deals

CBRE: Budapest retail market sees growth

Rents in Budapest’s retail market are being pushed up by impressive turnover growth, increasing retailer demand and lack of new...

Deals

Lázár discusses Paks upgrade with competition commissioner in Brussels

Cabinet chief János Lázár discussed the upgrade of the Paks nuclear power plant with Commissioner for Competition Margrethe Vestager in Brussels...

Transport

Wizz Air ‘trades well’ in H1 of financial year

Hungary’s low-cost airline Wizz Air “traded well” in the first half of its financial year ending on March 31 and...

Deals

Venture capital funds in Hungary invest HUF 2.6 bln in Q2

Hungarian venture capital funds invested HUF 2.6 bln in the second quarter, 43% less than in the first quarter, the...

Automotive

Minister: Hungary produced 2.5 mln engines that are part of VW scandal

Audi Hungária’s plant in Győr turned out approximately 2-2.5 million diesel engines of the 11 million that are involved in...

Automotive

Government to gauge impact of VW emissions scandal on economy

The impact of the Volkswagen emissions testing scandal on the Hungarian economy remains to be seen, but the government is investigating the...

Deals

GKI: Hungaryʼs growth rate could slow to 2.0%

GKI expects Hungaryʼs GDP growth to slow to 2.0% next year from an anticipated 2.7% in 2015, the economic research...

Pharma

NNG expects to make 90 more hires this year

Hungarian firm NNG, the developer of world renowned iGO Navigation, is planning to make 90 more hires this year, exceeding...

Deals

Committee clears Pension Reform and Debt Reduction Fund reports

Parliamentʼs economic committee discussed and recommended for approval the reports of Hungaryʼs Pension Reform and Debt Reduction Fund for the...

Deals

MNB to revamp HUF 20,000 note

The National Bank of Hungary (MNB) is issuing a reworked version of the HUF 20,000 banknote today, according to a...

Pharma

Tata to create 300 new jobs in Budapest

Indiaʼs Tata Consultancy Services (TCS) will create 300 new jobs at its Budapest-based global service center, said Prabal Datta, general...

Automotive

Magyar Posta tests electric vehicles

Hungarian state-owned postal company Magyar Posta is testing out several models of electric vehicles between August 2015 and January 2016...

Pharma

GE Aviation opens HUF 2.8 bln production hall

The Hungarian aviation unit of General Electric inaugurated a 4,600 sqm production hall at the companyʼs base in Veresegyház yesterday, according to...

Pharma

Budapest public works spends HUF 3.5 bln on vehicles

The Public works company of Budapest (FKF) is launching the operation of vehicles and machinery valued at HUF 3.5 bln...

Transport

Wizz Air signs leasing contract on six aircraft

Hungary’s low-cost airline Wizz Air signed a leasing contract on six Aibus A321ceo aircraft with China Development Bank Leasing (CDB...

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...