Industry

Deals

Average salaries in BP are double those of eastern Hungary

Hungarians working in the capital city of Budapest earn more than their peers around the country, and almost twice as...

Deals

MNB sells stakes in MKB insurance units for €1 mln

The National Bank of Hungary (MNB) has sold stakes in the insurance units of MKB Bank to their majority owner...

Deals

State support for Audi suspended, HVG reports

The HUF 40 bln in support offered by the Hungarian state for the plant of German car manufacturer Audi located...

Deals

MOL in contact with potential INA buyers

Hungarian oil and gas company MOL has been in contact with potential buyers for the possible sale of the Hungarian...

Automotive

KSH: Industrial output rises 5.8%

Output of industrial production rose by a year-on-year 5.8% in November according to both workday-adjusted and unadjusted figures, the Central...

Deals

OBB to supply MÁV with trains

Austrian OBB, the sole bidder in a tender to supply trains to Hungarian railway MÁV, is scheduled to deliver 55...

Retail

Report: Tesco considers layoffs, closure of some Hungarian units

Tesco is anticipating the layoff of 500-600 employees as a result of new legislation that has placed a heavy burden...

Retail

Five Hungarian startups to attend SXSW Interactive Festival 2015

Design Terminal, Hungary's national centre for creative industries, is sending five locally-based start-ups to the SXSW Interactive Festival 2015, an...

Pharma

Forint further down on interbank market

The forint was trading at 319.07 to the euro late Tuesday on the interbank forex market, down from 317.45 late...

Transport

Report: Wizz Air denies report of cuts in Moscow flights

MTI said today that Hungary-based low-cost airline Wizz Air reacted to a report that it would be reducing the number...

Deals

FDA approves cariprazine resubmission

The U.S. Food and Drug Administration (FDA) acknowledged the receipt of Actavis' new drug application resubmission for the antipsychotic cariprazine,...

Retail

Sunday deliveries to be restricted

The National Economy Ministry said that not only will Sunday closures of shops be enforced as of March 15, but...

Pharma

OCCRP: Orbán second on corruption list

Hungary’s Prime Minister Viktor Orbán was chosen the second most corrupt politician of 2014 according to an analysis of the...

Deals

Juhász: Rogán named in real estate scam

MP Antal Rogán, the head of the Fidesz caucus, will be charged with involvement in "organized criminal activity" in connection...

Pharma

OTP VC unit acquires stake in Graboplast

Hungary's Competition Office (GVH) has cleared the acquisition of a 16pc stake in special flooring maker Graboplast by PortfoLion, the...

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...