Industry

Deals

MOL: Accelerated talks on INA agreed

Negotiations continued on the future of mutually owned Croatian energy firm INA. Representatives of Hungarian oil and gas company MOL...

Pharma

Gedeon Richter forecasts 6% drop in revenue for 2014

Hungary-based pharmaceutical producer Gedeon Richter expects revenue to fall 6% this year due to a decline in turnover in Russia,...

Transport

Qatar Airways VIP flight opens Hamad Int’l Airport

Hamad International Airport welcomed a celebratory Qatar Airways’ VIP flight last week, upon the airport’s highly anticipated soft opening. The...

Deals

Nine of 35 banks to contest National Bank fines

Nine lenders, among them Raiffeisen Bank, Erste Bank Hungary and FHB Commercial Bank, are contesting fines by the National Bank...

Pharma

Michelin to close Budapest plant due to “shrinking tire market”

Michelin Hungária today announced the planned closure of its plant in Budapest. Labeling the facility “outdated,” the plant will be...

Pharma

Tire sales for Q1 up 21.3% in Hungary, 10% in EU

Data from the European Tyre & Rubber Manufacturers Association (ETRMA) shows that sales on tires for passenger cars and light...

Automotive

JATO Dynamics reports car sales up in April

Car sales in Hungary were up by 20%, and those of small utility vehicles grew by 68% year-on-year in April,...

Deals

Napi 100 Richest: Csányi tops again, porn king Gattyán no. 3

In teasing its annual “100 Richest Hungarians” list, this weekend local news portal Napi.hu teased a few details. To the...

Transport

Wizz Air announces timetable, expansion at three airports

Hungary-based budget airline Wizz Air has released its timetable for the winter season today, a schedule which shows that Wizz...

Deals

Rubik’s Cube celebrates 40th birthday with New Jersey exhibition

Happy birthday wishes go out to Hungary’s contribution to the world’s toybox, as the Rubik’s Cube celebrates its 40th this...

Deals

Hernádi urges speedy resolution of MOL-Croatia clash

MOL chairman/CEO Zsolt Hernádi urged a quick solution to issues over the fate of its stake in Croatia-based peer INA...

Pharma

KSH confirms retail sales jump, pace for record year

The Central Statistics Office (KSH) confirmed another month of outstanding year-on-year growth for retail sales in Hungary, specifically a 6.7%...

Transport

After Donetsk closure, Wizz Air opens new Riga base

Hungary-based budget airline Wizz Air will open a base in Riga on June 19, with a new Airbus-320 aircraft, according...

Pharma

Ministry predicts 8% to 24% increase in FDI in 2014

Foreign direct investment could reach €2.5 billion to €3 billion in 2014, not including large individual transactions such as transit...

Deals

Croatia PM: INA-MOL dispute could become “arena”

Croatian Prime Minister Zoran Milanović warned in a television interview this week that differences between his country and Hungarian interests...

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...