Industry

Deals

MOL seeks to accelerate INA ownership talks

Hungarian oil-and-gas company MOL wants to accelerate negotiations on its Croatian unit INA, and it seeks to boost the company's...

Deals

INA signs contract related to Croatian gas extraction project

Croatia-based oil company INA, a unit of oil-and-gas company MOL, signed contracts worth a combined HRK 240 million (€31.5 million)...

Deals

Court upholds fine for Napi Gazdaság MOL speculation

A court ruling has upheld fines of HUF 3 million each levied on Napi Gazdaság Kiadó and news portal Napi.hu...

Pharma

Computacenter inaugurates €1.2 million service center

UK-based IT infrastructure service provider Computacenter inaugurated a 1,700-square meter, €1.2 million service center in Budapest’s Haller Gardens on Tuesday....

Pharma

20+ agribusiness companies suspected of cartel activity

The National Competition Authority (GVH) has launched an investigation of suspected cartel activity by makers of insecticides and pesticides, releasing...

Pharma

Report: 90% of sugar burdened with tax fraud

Some 80% to 90% of the sugar sold in Hungary is distributed while avoiding the payment of value added taxes,...

Pharma

Dangerous acrimony in 100th anniversary year of WWI

Will Asia succumb to internecine warfare a mere century after Europe did? Most observers would argue that this outcome is...

Deals

MOL to invest $1 billion yearly in M&A

In an extensive interview with Reuters news service released today, MOL executive VP for exploration and production Alexander Dodds revealed...

Deals

Cineworld to buy CCI, become no. 2 cinema operator in Europe

In a move that would make it the second-largest cinema operator in Europe – and surely the largest in Hungary...

Deals

Report: Croatian government taking MOL to court

The Croatian government will turn to an international arbitration court on the matter of a dispute with Hungarian oil and...

Deals

Gallup closes down Budapest office

After two years of incurring losses and nearly three of seriously declining activity, international global management consultancy Gallup has officially...

Automotive

Automotive sector slows, industrial output down

The straightforward reportage of preliminary data from KSH begins as follows: “In November 2013 … industrial gross output rose by...

Deals

Report: State seeks control over exiting banks

Széchenyi Bank, owned 49% by the state, has made a bid for the Hungarian business of Raiffeisen Bank, political daily...

Automotive

Car, LCV, motorcycle sales climb 5%+ in 2013

Sales of passenger cars and light commercial vehicles in Hungary came to 67,557 last year, up 5.6% from 2012, Datahouse...

Deals

MKB signs contract on sale of Romanian unit

MKB Bank, the Hungarian unit of Germany-based Bayerische Landesbank (BayernLB), reported yesterday the signing of a contract for the sale...

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...