Industry

Deals

Court grants Quaestor unit temporary moratorium

The Budapest Municipal Court of Appeals granted Quaestor Financial Hrurira a temporary moratorium on payments on March 31, Hungarian news...

Pharma

Viola 30 winds up HUF 735 mln investment

Hungary’s Viola 30 Kft yesterday inaugurated the four-star Calendula Ayurvedic and Medical Hotel in Siófok, near Lake Balaton, through an...

Automotive

Le Belier to invest HUF 8 bln in Hungary

French automotive industry supplier Le Belier today announced it would invest HUF 8 bln in the city of Ajka, western...

Deals

MNB could turn to court on Quaestor client compensation issue

The National Bank of Hungary (MNB) could turn to the court to defend Quaestor clientsʼ right to compensation if it...

Deals

Budapest Bank racks up HUF 38.7 bln loss on borrowers relief

Hungary’s Budapest Bank saw an after-tax loss of HUF 38.7 bln last year as the lender made HUF 48.5 bln...

Deals

Csányi weighs in on Quaestor bonds

OTP chairman-CEO Sándor Csányi believes it would be “unjustified” to force financial market players in Hungary to compensate investors for...

Deals

Prosecutor: HUF 160 bln in Quaestor assets seized

A total of HUF 160 bln in assets has been seized so far in the Quaestor brokerage case, Budapestʼs chief...

Automotive

New car registrations increase 2% in March

New passenger car registrations rose by 2% to 6,305 in March from the same month a year earlier, automotive industry...

Deals

ING Biztosító renamed as NN Biztosító

ING Group’s Hungarian insurance unit ING Biztosító changed its name to NN Biztosító as of today, the company told Hungarian...

Deals

MKB losses grow to HUF 148 bln in 2014

MKB Bankʼs after-tax loss grew to HUF 148.1 bln last year on the impact of borrowers relief legislation and write-downs...

Transport

Wizz Air to fly to Bologna, Glasgow

Hungarian low-cost airlines Wizz Air is offering two new destinations from Budapest, Hungary, flying to Bologna, Italy and Glasgow, Scotland,...

Deals

Eston International expands portfolio by 57,000 sqm

Eston International’s portfolio has expanded by 57,000 sqm as a result of exclusively contracting with CPI Property Group’s three office...

Retail

Mall traffic drops dramatically on Sunday closures

Visitor numbers to shopping malls containing cinemas have more than halved due to the recently approved bill restricting retailers from...

Deals

MOL completes TVK squeeze-out

Hungarian oil and gas company MOL has completed a squeeze-out for shares of TVK petrochemicals company, MOL said early today....

Deals

Easter holiday set to lift retail sales HUF 60 bln

Retail sales in the run-up to the Easter holiday are expected to rise by about the same amount as last...

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...