Industry

Deals

Raiffeisen: FX-loan law will cost their bank €120-€160 mln

Raiffeisen Bank International (RBI) announced yesterday that the recently approved borrowers’ relief legislation in Hungary would cost Raiffeisen banks in...

Automotive

Industrial production drops 1% in May

Industrial output volume in Hungary dropped 1% between April and May, but increased a healthy 9.6% year-on-year, according to a...

Pharma

Chinese-Hungarian medical center opens in Budapest

China and Hungary have jointly opened a health center in Budapest’s eighth district offering services of applying traditional Chinese and...

Retail

China-based IT company to open HQ in Budapest

Chinese IT company Pactera is opening its Central European headquarters in Budapest, following the announcement of its €11 mln investment...

Deals

Three fined total of HUF 11.5 mln for ‘wash trades’ on BUX

The National Bank of Hungary fined three investors a total of HUF 11.5 mln for "wash trades" on the Budapest...

Deals

Inflation report puts fiscal deficit below target

The latest inflation report of the National Bank of Hungary (MNB) puts this year’s ESA general government deficit at 2.7%...

Automotive

Daimler to make new compact car exclusively in Hungary

German vehicle maker Daimler AG will manufacture its new Mercedes-Benz CLA Shooting Brake compact car exclusively at the company's Hungarian...

Pharma

China-based IT company to invest €11 mln in Hungary

Pactera, China-based IT consulting company, is planning to open an €11 mln development center in Hungary, as a first step...

Deals

Dunaferr to invest around €30 mln in Hungary

Hungarian steelmaker ISD Dunaferr is planning to make further investments at its plant located in Dunaújváros at the beginning of...

Deals

MOL to invest in Russia

Hungarian oil and gas company MOL is seeking new oil exploration investments in Russia, CEO József Molnár said at the...

Deals

IT company acquires Hungarian ‘big-data’ startup

Global big data analytics company RapidMiner has acquired its former partner, Hungarian software developer Radoop, executing one of the first...

Transport

Wizz Air cancels London IPO plans

The Hungarian low-cost airlines company Wizzair said it would cancel plans to list its shares on the London Stock Exchange...

Deals

MOL recycles 280 tons of used cooking oil

Since launching its cooking oil recycling project in 2011, Hungarian fuel company MOL has collected 280 tons of used cooking...

Retail

Hungarian software Prezi wins prestigious award

Hungarian presentation software company Prezi was awarded at The Europeas Awards, the most prestigious technology startup tech awards of Europe....

Deals

MOL announces significant oil discovery in Pakistan

Hungarian oil and gas company MOL announced on Tuesday that Ghauri Joint Venture (GJV) has made a significant oil discovery...

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...