Industry

Deals

SafeGuard World International opens service center in Budapest

SafeGuard World International (SGWI), a leading provider of global managed payroll, global employment outsourcing and international HR services, is opening...

Deals

Nielsen: Household chemicals, cosmetics sales climb 6%

Retail sales of household chemicals and cosmetics rose 6% to HUF 170 bln in January-June from the same period a...

Deals

Szeged volunteers see no effect of fence on refugee numbers

With the construction of the Hungarian-Serbian border fence now underway, volunteers at the Szeged train station say they feel no...

Deals

GfK: Sales of household durables up 4.9% in Q2

Sales of household durables in Hungary saw a year-on-year increase of 4.9% in the second quarter of this year, decelerating...

Deals

Forint firmer in euro, down in dollar

The forint was trading at 310.21 to the euro late Thursday on the interbank forex market, up from 311.08 in...

Pharma

Budapest welcomes Eaton shared services center

American power management company Eaton opened a shared services center in Budapest, Eaton regional chief Kurt McMaken and state secretary...

Pharma

Bat-Grill targets HUF 4 bln turnover in 2015

Hungarian-owned poultry processor Bat-Grill is targeting revenue of HUF 4 bln this year, almost HUF 100 mln more than in...

Transport

Record number of aircraft fly through Hungary in July

Aircraft numbers handled by HungaroControl air traffic controllers reached a record 100,856 in July, the company announced today....

Automotive

KSH: Hungary’s industrial output up 11% in June

Hungary’s industrial output saw a year-on-year rise of 11% in June, chiefly lifted by the automotive sector, which is still...

Deals

Report: Hungary, EBRD committed to acquire stakes in Erste

The Hungarian state and the European Bank for Reconstruction and Development (EBRD) are committed to acquiring minority stakes in Erste...

Pharma

Report: Soros to bid for origo.hu

Brit Media Befektetési Kft. (BMB) has reportedly submitted an aggressive bid to Magyar Telekom for the purchase of leading Hungarian news and entertainment...

Deals

Forint weakens to euro

The forint traded at 312.35 to the euro around 6:00pm on Tuesday, weakening from 311.45 late Monday. ...

Deals

Transit area for migrants opens at Eastern station

A designated area was set up by the municipal council on Saturday in an underpass by the Eastern (Keleti) railway station...

Deals

State could sell MKB early next year

The Hungarian state is planning to sell MKB Bank, which it acquired from BayernLB last year, by early 2016, chairman-CEO...

Pharma

Bosch inaugurates development center in Budapest

German engineering and electronics company Bosch yesterday inaugurated its expanded Budapest Development Center, where Bosch has invested HUF 32 bln...

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...