Industry

Deals

MNB books “tens of billions of forints” in profit in 2013

The National Bank of Hungary (MNB) closed 2013 with profit “in the tens of billions of forints,” the central bank...

Pharma

Richter expecting decline in revenue for 2014

Pharmaceutical producer Gedeon Richter expects a decline in revenue, calculated in euros, for 2014, CEO Erik Bogsch said on Wednesday,...

Deals

KBC on Hungary’s flattening yield curve

Analysts from KBC Group, the owners of Hungary-based K&H Bank branches and frequent deniers of an exit from the country,...

Pharma

Richter to show Q4 profit, downgraded by Erste

With BSE blue-chip Gedeon Richter to announce its earning report for the fourth quarter of 2013 next week, speculation is...

Pharma

Orbán: Exchange rates not gov’t area (Also: Forint down again)

Governments must distance themselves from public debate on the matter of exchange rates, even at a time when the rates...

Retail

Electronic till system in shambles

The embattled online cash register system was slowly edging towards what could possibly be called a viable state, when the...

Deals

ÁKK blasts “scare-mongering,” says €1 billion bond paid

The Government Debt Management Agency (ÁKK) transferred all dues on a bond expiring on January 29 on Wednesday morning, according...

Deals

MKB Bank approves HUF 80.2 billion capital increase

The board of directors at Hungary’s loss-making MKB Bank has approved a HUF 80.2 billion ($359 million) capital increase through...

Deals

INA stake could be sold for promise of investment

If MOL parts with its stake in Croatia-based peer INA, the Croatian government could sell some of its own shares...

Retail

Interview: Balázs Vinnai, Keeper of the money gate

From BBJ’s print edition: You may not be aware of it, but if you ever bank online, there is a...

Retail

Hungary’s online merchants get, solve more complaints

The National Consumer Protection Authority (NFH) received 60% more complaints concerning internet sellers last year but found proportionately fewer of...

Automotive

Auto news: Opel still market leader, Audi output up

Germany-based vehicle manufacturer Opel led Hungary’s new passenger car market last year for the third year in a row, selling...

Deals

A strategic connection point

In 2013, Ekol had several successes. We have maintained full steam our investments in Europe, most recently in Hungary. Never...

Deals

To buy or not to buy? Mayor considers new metro trains

Whether to buy new trains, using European Union funding, or renovate old trains with credit remains an open question in...

Retail

Editorial: Painfully predictable new year

From the Budapest Business Journal print edition: New years are supposed to be about turning over new leaves, making resolutions...

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...