Industry

Deals

Official: PM acted before receiving Tarsoly’s letter

Although Hungary’s Prime Minister Viktor Orbán did receive a letter from Csaba Tarsoly, CEO of the now insolvent brokerage Quaestor,...

Automotive

Exports to China, US to boost output of Kecskemét Mercedes plant further

The Mercedes-Benz plant at Kecskemét, central Hungary, will raise its output further this year, mainly thanks to increasing exports to...

Retail

Editorial: Sunday closing law a bad idea

The following is the editorial from the March 27-April 9 print edition of the Budapest Business Journal....

Deals

Some HUF 68bn of Buda-Cash assets seized

Some HUF 68 bln in Buda-Cash assets have been secured to provide compensation for the brokerage’s clients who suffered damages...

Pharma

Wabererʼs sets up Italian subsidiary

Hungary-based haulage company Wabererʼs International has established a subsidiary in Milan, Italy, the company informed Hungarian news agency MTI today....

Automotive

Report: Hungary’s Acceleration Indicator grows 2.8% in March

The Acceleration Indicator (GYIA), which is a measure of economic and financial indicators compiled by Hungarian economic daily Világgazdaság, increased...

Deals

PM: I told ministries to withdraw from Quaestor

Hungary’s Prime Minister Viktor Orbán today said that he personally urged government ministries to withdraw their money from Quaestor investment...

Deals

Easter sweets sales expected to increase 3-5%

Sándor Sánta, head of Hungarian Sweets Makers Association, expects sales of Easter sweets to jump 3-5% this year, exceeding last...

Deals

EY to increase headcount in Hungary by 100

EY is expanding in Hungary in the coming fiscal year and is expected to increase headcount by 100. The new...

Deals

Ministry: We did not have insider information in Quaestor case

Although a state company within the Ministry of Foreign Affairs pulled out of Quaestor just days before the investment house...

Deals

Government to upgrade Tapolca hospital

The struggling hospital in Tapolca, western Hungary, which was downsized a few years ago due to overcapacity, has now become...

Pharma

Prec-Cast inaugurates HUF 2 bln production hall

Prec-Cast Casting, a Hungarian unit of Germanyʼs Wolf Group, inaugurated a HUF 2 bln, 12,000 sqm production hall today in...

Deals

MNB cuts base rate by 15 bp

The National Bank of Hungaryʼs (MNB) Monetary Council decided at a policy meeting today to reduce the central bankʼs base...

Deals

Hungary leads clinical trials in Europe

The annual average of Hungarians participating as patients in clinical tests is somewhere between 15,000 and 20,000 the chairman of...

Deals

Quaestor owner says no assets stripped from group

Quaestor Group majority owner Csaba Tarsoly (pictured) told Hungarian news agency MTI yesterday that despite news reports, no assets had...

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...