Industry

Deals

MVM finalizes purchase of RWE stake in Főgáz

The state-owned Hungarian Electricity Works (MVM) today reported the transfer of HUF 41 billion to purchase a minority stake in...

Automotive

Vehicle makers boost industrial output in February

A strong performance by Hungary's vehicle manufacturers continued to lift industrial output in February, a second reading of data published...

Pharma

On Philippines’ Gambit in South China Sea

Tensions between China and the Philippines spiked in March when a small civilian boat was confronted by a Chinese Coast...

Automotive

Burgeoning electric car market on uphill road

Though still a fledgling niche worldwide, the electric automobile market is expanding and its full potential has yet to be...

Deals

Government in talks on E.ON unit acquisition, reaffirms stand on utilities

The government is continuing talks with Germany-based utilities giant E.ON on acquiring its three gas network and customer service units...

Deals

Report: Croatian PM seeking compromise on INA

The Croatian government is softening its stance on Hungarian oil and gas company MOL’s management of Croatian peer INA, Croatian...

Pharma

Szijjártó: New licenses mean “significant” growth in exports to China

Hungarian exports to China will grow significantly thanks to a license that has Hungary received at the end of a...

Deals

RBI, CIB report losses in Hungary for 2013

This is what passes for good news in the Hungarian banking industry these days, it seems: The past two days...

Deals

Sberbank Europe AG receives debut syndicated term loan facility

Austria-based Sberbank Europe AG, a subsidiary of Sberbank of Russia, has announced the signing of its first syndicated term loan...

Deals

Audit shows INA crude purchases “in line with the law”

Croatia-based INA yesterday informed media that an independent auditor had established the company’s acquisition of crude oil in 2012 and...

Automotive

Sign of the times? E-car charging station installed in Budapest

What is perhaps not such a headline-shattering story today may mean much more in the medium-term future. Case in point:...

Transport

Wizz Air London-to-Budapest flight takes inauspicious title

Despite Hungary-based Wizz Air’s consistent record of success and growth, this week the budget airline received some notoriety it surely...

Deals

Over 50% increase in Erste fund manager assets in 2013

Erste’s Hungarian fund manager saw its managed assets climb by HUF 301.7 billion to HUF 855.8 billion in 2013, Erste...

Deals

MOL closes Wintershall asset acquisition

Representatives of oil-and-gas giant MOL this morning announced the successful close of the acquisition of upstream assets, comprising 14 licenses...

Deals

MOL-INA: New investigation launched, CEO appeal denied

Negotiations between the Croatian government and Hungary-based oil-and-gas giant MOL over the fate of Croatia-based MOL peer INA seem no...

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...