Industry

Retail

Kovács: Layoffs caused by shop law not gov’t concern

“It is not the government’s duty to make estimates on how many people would be fired due to approved legislation”,...

Pharma

Construction of Apollo Tyres plant to begin in spring

Preparations for the Hungarian plant of India's Apollo Tyres to be built in Gyöngyöshalász in northern Hungary, are proceeding on...

Deals

CIG Pannonia has deposits in Széchenyi Bank

The general insurance unit of CIG Pannonia Life Insurance has approximately HUF 170 mln in deposits at the troubled Széchenyi...

Deals

GVH: MET purchase of GDF Suez requires no scrunity

The Acquisition of the Hungarian retail electricity business of GDF Suez Energia Holding Hungary by energy trader MET Magyarország does...

Pharma

Randstad Hungary competes to acquire service center

Randstad Hungary, the Hungarian subsidiary of Dutch multinational human resource consulting firm, is planning to raise staff numbers by 200...

Deals

UniCredit to stay in Hungary

Reacting to an analysis on the Austrian banking sector published by Fitch Ratings, Gianni Franco Papa, Deputy CEO of UniCredit...

Automotive

Analysts disappointed by sluggish output figures

Today's figures on output of Hungary's industrial sector disappointed analysts according to MTI. While output increased 1.7% year-on-year in October,...

Deals

Hungarian state to acquire GE’s Budapest Bank

The acquisition of the smallest of Hungary’s large banks by the Hungarian state requires nothing more than a stamp of...

Pharma

Szijjárto begins talks with Kosovo on economic cooperation

Hungary's foreign minister met his Kosovan counterpart on Wednesday to discuss a pact on bilateral economic cooperation and investment protection...

Automotive

Blue chip treasury shares little changed in November

The treasury share stocks of the Budapest Stock Exchange's four blue chip issuers changed only slightly in November, with the...

Retail

Hungary’s Fidesz backs Sunday shopping ban idea

Hungary’s ruling Fidesz party would back a proposal by its ally, the Christian Democratic People’s Party (KDNP) on the mandatory...

Automotive

Report: New car registrations climb 19% in November

New car registrations in Hungary rose by a year-on-year 19.2%, reaching 5,901 in November, the Hungarian Vehicle Importers' Association (MGE)...

Pharma

University of Pannonia inaugurates HUF 486 mln innovation center

Hungary's University Pannonia announced today that it inaugurated a HUF 486 mln bio-innovation center in Keszthely in western Hungary....

Transport

Budapest Airport expects record passenger numbers in 2014

Budapest Airport, which operates the capital's Liszt Ferenc International Airport, expects passenger numbers to exceed 9 million by mid-December, reaching...

Pharma

Woory to invest $35 mln in Hungary

South Korean car parts manufacturer Woory Industries is planning to build a factory in Komárom (northwestern Hungary), by investing $35...

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...