Industry

Pharma

HIPA attracts record number of investments

The Hungarian Investment and Promotion Agency (HIPA) announced in a press release today that they brought in a total of...

Deals

Online trade in Hungary up 26% in 2014

Retail sales which took place through the internet climbed 26%, reaching HUF 273 bln in Hungary in 2014, industry association...

Deals

CIG Pannonia Life Insurance increases share in Pannonia CIG Fund Manager

CIG Pannonia Life Insurance (PLI) yesterday said it is raising its share in Pannonia CIG Fund Manager to 50%, Hungarian...

Deals

Reuters: Erste Group likely to acquire Citigroup’s Hungarian portfolio

Although they are among several contenders, anonymous sources say Erste Group is the frontrunner in securing Citigroup Inc.’s Hungarian retail...

Deals

Tigáz hands over retail gas supply license

Regional gas supplier Tigáz has requested the withdrawal of its "universal service provider" license to supply gas to households, the...

Pharma

FDA extends review period for Richterʼs cariprazine to September 2015

The American Food and Drug Administration (FDA) said it needs a three-month extension to complete its review of data supporting...

Pharma

Debrecen innovation complex receives HUF 583 mln

A consortium of the University of Debrecen, the city municipality, the local chamber of industry and development agency INNOVA has won European...

Deals

Kelly Services leases 600 sqm from Europa Capital, ConvergenCE

Europa Capital and ConvergenCE recently acquired an office portfolio of approximately 30,000 sqm and have just leased 600 sqm of...

Deals

CBRE: Demand for office leasing on the rise in Budapest

In the first quarter of this year, leasing volume in the Hungarian capital rose by 18%, as compared with the...

Deals

INA shareholders to pay €19.8 mln dividend

Shareholders of Croatian oil and gas company INA, in which Hungaryʼs MOL holds nearly 50%, approved payment of a HRK...

Automotive

KSH confirms industrial output figures with second estimate

With a second estimate of industrial production in April 2015, KSH confirmed its first estimate of a 6.3% increase as...

Pharma

Survey: Hungarian companies look to investments

Almost two-thirds of Hungarian companies surveyed are planning investments in the next one to two years, with more than 30%...

Automotive

One quarter of businesses failed to pay mandatory fee on time

Approximately 150,000 companies, of the 600,000 registered in Hungary, did not pay this yearʼs annual business chamber fee of HUF...

Deals

MNB: Rate-setters maintain guidance for continued ʼeasingʼ

The National Bank of Hungaryʼs (MNB) Monetary Council maintained their guidance for continued "cautious easing" at a policy meeting late...

Deals

Hungarian business centers win LEED Gold classifications

Austrian property specialist company CA IMMOʼs four Hungarian business centers ˜˜˜– Infopark "A", Bartók Ház, Canada Square and Viziváros Office...

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...