Industry

Deals

New Croatian regulation to hit INA revenue hard

MOL today stated that a decision by the Croatian economy ministry on mandatory gas sales would require its Croatian unit...

Deals

Investment volume up 7.2% for year 2013

The Central Statistics Office (KSH) has released figures on investment volume in Hungary in the fourth quarter of 2013, showing...

Retail

NNG, Anaya Navigation in pact with Blaupunkt

Hungary-based navigation solutions provider NNG and its India-based associate Ayana Navigation Solutions Thursday joined hands with Blaupunkt to tap the...

Transport

Wizz Air CEO: Ten aircraft could be added annually

Budget-fare airline Wizz Air could add 8-10 new aircraft to its fleet each year, CEO József Váradi said at a...

Deals

MOL cuts crude forecasts on low Iraq output

MOL has cut its crude oil production forecasts mainly due to lower-than-expected output from its fields in the Kurdistan region...

Pharma

Hungary explores agricultural exports to Iran

Hungary is exploring the opportunities to make up for agricultural deliveries to Iran that have been held up from Ukraine...

Deals

FHB stock takes wild ride on way to tiny increase

FHB stock took a wild ride on the Budapest bourse yesterday, and its day-ending value of HUF 920 on a...

Deals

Russian investors to talk INA transaction after Olympics

Russian investors want to start talks with the Croatian government on the acquisition of Hungarian oil-and-gas company MOL’s stake in...

Deals

MNB: “Several” banks in violation of free withdrawal law

The National Bank of Hungary (MNB) has found in a probe that several banks have unlawfully passed on the cost...

Deals

INA margins narrow, MOL takes loss in Croatia in Q4

Losses of Hungarian oil and gas company MOL’s Croatian unit INA grew in the fourth quarter as margins narrowed, INA’s...

Deals

Analysts: Hungary GDP up over 2% for Q4 2013

Hungary’s annual economic growth is likely to have accelerated to well above 2% in the last quarter of 2013, although...

Pharma

Vnesheconombank turns down offer to acquire Dunaferr

Russia’s state-owned Vnesheconombank has turned down an offer by the Hungarian government to buy steelmaker ISD Dunaferr at talks on...

Deals

MTel owner DT acquires last T-Mobile Czech Republic shares

Deutsche Telekom (DT), majority owners of Magyar Telekom (MTel), have bought out the remaining 40% of shares available in its...

Deals

Former MKB CEO tapped for top job at CIB Bank

In hopes of getting a Hungarian market relaunch started for its CIB Bank branches, Intesa Sanpaolo has named Dr. Pál...

Deals

Single bidder for state’s stake in Takarékbank

The government-appointed committee overseeing a tender for the state’s 54.85% share of saving cooperative central bank Takarékbank today announced that...

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

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

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: 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...

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...

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...