Industry

Deals

MOL CEO ready for talks with Croatian gov’t on INA

Chairman/CEO Zsolt Hernádi of Hungarian oil and gas company MOL on Thursday said in an interview with the website Merchantcantos.com...

Deals

MOL files for ICSID arbitration on INA dispute

Energy group MOL announced that it filed a request for arbitration with the International Centre for Settlement of Investment Disputes...

Deals

Aktuál Bau analysts expect fruitful 6-8 months

In announcing expected 18% growth to its net income in 2013, construction firm Aktuál Bau Kft also gave its analysts’...

Deals

Dunaferr announces laying off of 158 workers

Steelmaker ISA Dunaferr has initiated the process of laying off 158 workers at the company’s plant in Dunaújváros, company Human...

Deals

Working group to address capital-market abuses

The National Bank of Hungary (MNB), the Interior Ministry, the Chief Prosecutor, the National Police Headquarters and the National Tax...

Automotive

Industrial production volume increases 5.5% in September

The Central Statistics Office (KSH) today informs that in September 2013, industrial gross output rose by 5.5% compared to the...

Deals

Hilton West End hosts inaugural Audio & Vision Show

Attention techies and/or home entertainment junkies: The inaugural Audio & Vision Show will definitely require your attention this weekend. The...

Deals

Croatian government formally requests MOL statement on INA stake sale

The government of Croatia on Thursday officially asked Hungary-based oil-and-gas company MOL to state clearly whether the company intends to...

Deals

MNB reshuffles stake in newly acquired Hanwha Bank Magyarország

The National Bank of Hungary (MNB) has given go-ahead to Hungary-based evopro Finance to acquire an 80.26% stake in Hanwha...

Deals

Croatia PM: Talk of INA buyout “irresponsible and frivolous”

The drama of negotiations between the Croatian government and oil-and-gas company MOL over ownership of Croatia-based peer INA continues, with...

Retail

Hungary retailers’ strategy: Sell it smaller!

Retailers may have initially objected to the government’s ban on the construction of new shopping centers, but they have learned...

Deals

Croatia may consider alternatives to finance INA stake purchase

Croatia would like to buy back shares of oil and gas group INA from Hungary-based MOL, the country’s Economy Minister...

Deals

Low expectations for real estate development

Property development in Hungary has seen some difficult times lately. According to an article on hvg.hu in 2012, the collective...

Deals

Surplus cuts ten-month fiscal deficit to 84.5% of 2013 target

A HUF 61.4 billion surplus posted in October reduced Hungary's cash flow-based general government deficit, excluding local councils, to HUF...

Automotive

Industrial production increases 5.5%; evidence of turnaround?

In September 2013, Hungary’s gross industrial output rose 5.5% compared to the same month of 2012, according to preliminary data...

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...