Industry

Pharma

Hungary’s LAC and Romania’s Softronic to set up joint engine production

The chief executives of Hungarian company LAC Holding and Romania’s Softronic signed on Tuesday a document on setting up a...

Pharma

Tatabánya inaugurates HUF 414 mln tourist center

The city of Tatabánya, in northwestern Hungary, today inaugurated a HUF 414 mln eco-tourism center on the shores of a...

Pharma

Richter to market Bayer’s contraceptive patch

Hungarian drugmaker Richter Gedeon announced today that it will "commercialize and distribute" a new contraceptive patch for women, under an...

Retail

Baumax to become XXXLutz furniture stores in Hungary

Austrian-owned XXXLutz will start transforming the Hungarian stores of do-it-yourself chain Baumax into furniture shops after a deadline for taking...

Pharma

Sherbiny Holdings chooses Hungary for engineering center

Saudi Sherbiny Holdings, a family-run business owned by Abdu-laziz, Mohammed and Majed Sherbiny (pictured), is planning to establish an engineering...

Deals

Reuters: OTP to raise offer for NKBM

Hungary's OTP bank is currently in negotiations with its Slovenian state-owned peer Nova KBM (NKBM) and is planning to raise...

Deals

Competition office fines OTP, Eximbank

Due to delayed submission of the request for approval for the acquisition of joint control over "Fordulat" Equity Fund, the...

Deals

BTel to sue angel investor who backed out

The board of Business Telecom (BTel) is suing the angel investor who broke his promise to inject HUF 950 mln...

Pharma

Tire sales climb nearly 12% in Hungary

Brand dealers sold more than 2.35 mln car tires in Hungary last year, approximately 12%, Continental Hungária managing director Dániel...

Deals

MNB places oversight commissioner at Kézizálog

The National Bank of Hungary (MNB) placed an oversight commissioner at Kézizálog Financial Services Company as a result of improper...

Deals

MOL: Croatia puts politics before commercial interests at INA talks

The Croatian government is holding political interests before commercial interest in negotiations over its local unit INA, Hungarian oil and...

Deals

Croatian PM promises to support Sisak

The Croatian government will support efforts to resume production at the Sisak refinery, Croatia’s Prime Minister Zoran Milanovic said on...

Deals

Report: M&A market fails to live up to expectations

Despite high hopes for the mergers and acquisitions market, 2014 was a disappointing year, according to the “Emerging Europe: M&A...

Pharma

HIPA helps bring €1.66 bln to Hungary

With the help and involvement of the Hungarian Investment Promotion Agency (HIPA), 60 investments were launched with a total combined...

Deals

Preparations for settlement of borrowers’ refunds on schedule

Preparations for the Hungarian banking sector's biggest challenge this year, the settlement of refunds mandated under borrowers' relief legislation, are...

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...