Industry

Deals

Eyes on the bright side

Even as the finance industry is struggling to fend off the effects of adverse operating conditions in Hungary, Citi’s Budapest...

Pharma

General Electric inaugurates 8,000-sqm plant

General Electric (GE) today inaugurated an 8,000sqm plant that will make unit control panels (UCP) for combined gas and steam...

Deals

Russia cos. in INA talks; MOL Pakistan upping production

Representatives of Rosneft held talks in Zagreb on a possible purchase of Croatia-based oil company INA and on prospecting in...

Pharma

EC endorses investment aid for Hankook Tire

The European Commission has reported its authorization of €57.9 million in regional investment aid to Hankook Tire Hungary for the...

Automotive

Audi Hungária revenue up 5.8%; threefold production increase slated

The Hungarian unit of Germany-based automobile manufacturer generated revenue of €5.588 billion in 2013, up 5.8% year-on-year from €5.282 billion,...

Deals

US official: MOL/INA dispute is regional problem

A top US energy official has informed Croatia’s economy minister that the Croatian government and Hungary-based MOL must resolve differences...

Automotive

Wooshin Medics to open €6 million pharma plant/R&D lab

South Korea-based Wooshin Medics will build a €6 million pharmaceuticals plant and research and development laboratory in Székesféhervár, CEO Tack-Soo...

Deals

Gender gap: Women earn 21% less than men in Hungary

Hungarian women earn, on average, about 21% less than men, according to data collected by fizetesek.hu, a salaries site run...

Deals

ÁKK launches new series of PEMAK bonds

Earlier this week, the Government Debt Management Agency (ÁKK) started distribution of a new series of its Hungarian Premium Euro...

Retail

Uphill rollout facing Hungary’s digital literacy

From the Budapest Business Journal print edition: Hungary is once more embarking on the seemingly straightforward – but as experience...

Deals

Business Telekom floats 500,000 shares on BSE today

Hungarian-owned telecommunications company Business Telekom (BTel) will float 500,000 more shares at the Budapest Stock Exchange (BSE) on Friday, the...

Pharma

Richter expects Q1 profit to fall on weak ruble

Pharmaceutical producer Richter expects its first-quarter operating profit margin to plumb record lows due to the fall in the value...

Transport

Wizz Air to launch Budapest-Kutaisi flight

Hungary-based budget airline Wizz Air will launch a scheduled direct flight between Budapest and Kutaisi, the second-largest city in Georgia,...

Deals

Report: Croatia, US officials to talk INA, MOL

High-level government officials from Croatia and the United States will meet to discuss oil and gas company INA and offshore...

Deals

MOL preps further for possible sale of INA

Oil-and-gas giant MOL has asked the board of its Croatia-based unit INA to set up a data room for a...

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...