Industry

Pharma

JatekNet.hu toy sales exceed HUF 1.7bn in 2014

Sales of JatekNet.hu, Hungary's largest online toy retailer, rose more than 20% to HUF 1.7 bln last year, the company...

Deals

Rural development state secretariat in Kecskemét

Hungary’s Prime Minister Viktor Orbán inaugurated the farm and rural development state secretariat of the Prime Minister's Office in Kecskemét...

Automotive

KSH: Industrial output grows 5.8%

Hungary's industrial output rose by a year-on-year 5.8% in November according to both workday-adjusted and unadjusted figures, the Central Statistics...

Deals

Varga: New ÁKK CEO should tap new markets

Although the new CEO of Hungary's Government Debt Management Agency (ÁKK) has not yet been named, National Economy Minister Mihály...

Transport

Wizz Air passenger numbers grow 17%

Hungary-based low-cost airline Wizz Air carried 15.8 million passengers in 2014, an increase of 17% as compared to the previous...

Deals

MOL set to buy remaining TVK shares

Hungarian oil and gas company MOL made a voluntary public tender offer on petrochemical works TVK yesterday, the company announced...

Retail

Auchan, Spar: Further store closures possible

The dramatic increase of the grocery store supervisory fee has forced Spar to plan cutbacks in all areas, the international...

Transport

Héviz-Balaton Airport passenger numbers reach 33,000

Passenger numbers at the Héviz-Balaton Airport in western Hungary increased 18% to 33,000 in 2014, managing director Attila Benkő told...

Transport

Budapest Airport sees record traffic in 2014

In line with expectations, Liszt Ferenc International Airport in 2014 saw a record number of 9,155,000 passengers, which is 7.5%...

Retail

Tesco to pay higher severance than required

The Hungarian unit of UK retailer Tesco will provide the 564 workers it is laying off with higher severance pay...

Retail

Erzsébet vouchers’ turnover reaches HUF 141 bln in 2014

Turnover of Erzsébet food vouchers exceeded HUF 141 bln last year, up from HUF 127.6 bln in 2013 and HUF...

Deals

Angel investor backs out of BTel bailout

Business Telecom (BTel) said late Friday that an angel investor who had promised to inject HUF 950 mln in the...

Deals

Analysts: 2014 deficit well under target

Analysts put Hungary's general government deficit, calculated according to European Union rules, at 2.4%-2.5% of GDP for last year, after...

Automotive

Audi turns out 2 mln engines in 2014 in Hungary

The Hungarian unit of German car manufacturer Audi turned out approximately 2 mln engines last year at its factory in...

Deals

Euro Benefit fined on charge of misleading clients

Hungary's Competition Office (GVH) fined Euro Benefit HUF 18 mln on a charge of providing customers with false information about...

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...