Industry

Pharma

Russian ruble’s depreciation hits Richter

Hungarian pharmaceutical drug producer Richter will release its earnings report for Q3 this week. The analysts project a major decline...

Automotive

MGE: New car registrations up 20% in October

The number of new car registrations in Hungary was up by 19.5% year-on-year in October, reaching 6,120, the Hungarian Vehicle...

Automotive

Blue chip treasury shares little changed in October

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

Deals

Sberbank Hungary appoints Richard Szabó as CEO

Richard Szabó has been appointed as Chairman and CEO of Sberbank Hungary effective 22 October 2014. He succeeds Axel Hummel,...

Retail

Euronics operator revenue to exceed HUF 50 bln

Vorosko, the operator of the Euronics retail chain in Hungary, expects the company’s revenue to climb 18% reaching HUF 50.5...

Pharma

Huawei donates HUF 6 mln to National University of Public Service

Huawei Technologies Hungary donated state-of-the-art telecommunications technologies valued at HUF 6 mln to the National University of Public Service in...

Pharma

Emirates opens call center in Budapest

In line with prior announcments, Dubai-based Emirates airlines opened a call and client service center in Budapest yesterday. The Dubai...

Deals

Competition office greenlights LUKOIL acquisition

Hungary's economic competition office GVH said yesterday it had approved the planned acquisition of 100% of the shares of LUKOIL...

Pharma

First Emirates flight lands in Budapest

The first commercial flight of the Dubai-based Emirates airline landed in Budapest Monday, the airline reported. As of Tuesday, a...

Deals

Croatian ministry: All options open on INA

All options were possible for solving problems caused by the strained relations between the Croatian government and Hungary's MOL oil...

Retail

Tesco Magyarország posts turnover increase for H1

The Hungarian unit of British hyprermarket chain Tesco reported a 1% turnover increase from a year earlier for the first...

Pharma

Siemens inaugurates HUF 600 mln training center in Budapest

German engineering company Siemens opened a HUF 600 mln training center today which offers vocational training for approximately 100 students,...

Automotive

Audi Hungária to produce TT Roadster

German car producer Audi is launching production of its third-generation TT Roadster models at its plant in Hungary, located in...

Retail

NAV officials banned from U.S. after corruption charge

Three leading officials of Hungary’s National Tax and Customs Authority (NAV) were blacklisted and banned entry to the United States...

Deals

MTel boosts 4G coverage to 73%, targets 93%

Magyar Telekom, the Hungarian subsidiary of German giant Deutsche Telekom, will boost the coverage rate of their fourth-generation (4G) mobile...

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...