Industry

Deals

Government releases remainder of frozen 2014 budget expenditure

The government withdrew on Friday the freeze of budget expenditure it adopted in July, a government resolution published in the...

Deals

MOL successfully closes second North Sea acquisition

Hungarian oil and gas company MOL has successfully closed the previously announced deal with Premier Oil UK Limited regarding acquisition...

Deals

Europa Brókerház activities suspended

Hungary’s central bank suspended the activities of Europa Brókerház until its ownership problems are cleared up, rejected a request to...

Deals

Lázár to involve international help for Paks

Hungary is planning to bring together an international panel of experts to consult on the upgrade of the Paks nuclear...

Deals

KSH: Gross wages up 3.3%

The average gross wage in Hungary rose by 3.3% to HUF 237,539 in October from the same month a year...

Deals

Erste Bank Hungary to raise capital at home savings bank

Erste Bank Hungary will raise the registered capital of its home savings bank Erste Lakástakarékpénztár by HUF 500 mln, the...

Deals

Deals of the year for 2014

THE FOLLOWING IS FROM THE DEC. 12-JAN. 15 PRINT EDITION:...

Deals

SPAR suspends investments in Hungary due to new legislation

A recent tax law has hit foreign supermarket and hypermarket chains in Hungary the hardest including Austrian-owned SPAR, and is...

Deals

State’s MFB buys gas firm stakes from state entities

The Hungarian government apparently moved further on plans to establish a state-owned public utility company yesterday, when Parliament approved measures...

Retail

Thousands of Suzukis to be recalled

Thousands of Suzuki cars have been recalled by the Hungarian Suzuki factory in Esztergom, Hungarian online daily HVG reported late...

Transport

Ryanair to launch more Budapest flights in summer

Irish low-fare airline Ryanair is scheduled to launch four flights to Athens from Budapest every week in the summer season,...

Transport

Wizz Air to launch Hurghada, Alghero routes

Hungary-based low-cost airline Wizz Air, announced yesterday that it would launch two new services from Budapest to Hurghada in Egypt...

Pharma

Richter issues profit warning on weaker rouble

Hungarian drugmaker Gedeon Richter on Tuesday issued a profit warning because of the weaker rouble. Richter said the devaluation of...

Deals

Laws to cut private pensions, control city debt

Parliament yesterday adopted legislation, based on the 2015 budget act, to set new conditions on pension funds and restrict municipally-owned...

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...