Industry

Deals

Croatia, Poland ask to see FX phaseout details

The governments of several Central European countries want to see details on how Hungary is phasing out foreign currency-denominated retail...

Deals

Almost HUF 40 bln deposited on accounts conferring tax amnesty

Last year, 610 "Stability Savings Accounts" with deposits of a combined HUF 37.9 bln were opened at Hungarian banks, Hungarian...

Automotive

Felina Hungaria revenue rises to HUF 2.5 bln

Swiss-owned lingerie maker Felina saw its revenue grow to HUF 2.5 bln last year in Hungary, Felina Hungária managing director...

Deals

BT expands office in Hungary

British Telecom (BT) expanded its office space in Hungary by more than 4,000 sqm and made 400 new hires last...

Pharma

AsiaInfo establishes support center in Hungary

Chinese software developer AsiaInfo inaugurated a European support center on the outskirts of Budapest in the local headquarters of Telenor,...

Deals

EBRD: Hungary’s GDP growth forecast at 2.4%

The European Bank for Reconstruction and Development (EBRD) raised its forecast for Hungary's GDP growth this year to 2.4%, from...

Deals

Winemaker Danubiana puts 2014 revenue growth to 7.5%

Hungarian winemaker and wine trader Danubiana (based in Bonyhád, southwestern Hungary) projects a revenue of €13.3 mln for 2014, up...

Deals

Lázár: Gov’t to defend against EC charges of improper tendering

The Hungarian government will call tenders for European Union funding available under Hungary's new operative programs in April, and will...

Retail

Hungarian Praktiker acquired by Swiss investor Papag

Switzerland-based Papag AG is scheduled to take over the chain of Praktiker D.I.Y. shops in Hungary from the German do-it-yourself...

Deals

György Barcza appointed ÁKK chief

György Barcza was appointed CEO of the Government Debt Management Agency (ÁKK) today by Economy Minister Mihály Varga, the National...

Deals

Rise of Swiss franc affects 250,000 car leasing contracts

The extraordinary strengthening of the Swiss franc has affected about 250,000 FX-denominated vehicle leasing contracts, the Hungarian Leasing Association told...

Pharma

Japan’s Alpine to invest $39 mln in Hungary

Japanese electronics company Alpine is planning to invest $39 mln at its plant in Biatorbágy, on the outskirts of Budapest,...

Deals

Invitel appoints David Blunck as new CEO

David Blunck was appointed CEO of Hungarian telecommunications company Invitel yesterday, replacing David McGowan on the position, the company announced...

Deals

MOL: INA refinery reopening dependent on external environment

Until production at the Sisak refinery of Croatia's INA resumes, INA's Rijeka refinery is expected to take over production, the...

Deals

Three win Hungary’s MAVIR power line tender

Omexom Magyarország, EKS Service and MVM OVIT have won a power line tender called by transmission system operator MAVIR with...

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...