Industry

Retail

Insurance industry: Long-term growth on trembling legs

Long-awaited positive growth figures should give rise to hope in the insurance sector. The boost comes from life insurance, thanks...

Deals

MNB to investigate MOL, Richter share drops

The National Bank of Hungary (MNB) will soon be flexing its muscles as the new financial market regulator in relation...

Deals

MOL denies corruption rumors, stock falls far regardless

A report from local media had MOL representatives scrambling to do damage control yesterday, but share prices fell significantly despite...

Deals

Report: MOL-Croatian government talks restart next week

Hungarian oil and gas company MOL and the Croatian government are expected to meet for another round of talks on...

Automotive

KSH: Industrial export sales up, gross output down in ‘13

According to the Central Statistics Office (KSH), industrial gross output declined by 1.4% year-on-year in August 2013. Transport equipment manufacture...

Transport

Sólyom Airways unable to reach investor agreement, pay employees

Sólyom Airways has informed the company's 73 employees that it will not be able to pay their September salaries after...

Deals

OTP in bid for privatized Croatian bank

Hungary’s biggest lender OTP is among the companies looking to bid in the privatization of Croatia-based Hrvatska Poštanska Banka and...

Deals

MOL to sell its 72% stake in Algyő strategic reserve

MOL has signed an agreement to sell its 72% stake in MMBF Földgáztároló, which operates the country’s strategic gas reserves,...

Deals

Deficit reaches 90% of revised target

A slight surplus cut Hungary’s cash flow-based general government deficit, excluding local councils, to HUF 949 billion in January-September, the...

Deals

MOL-INA: CEO extradition rejected, yet…

A Budapest court has rejected a European arrest warrant issued by Croatia for the head of Hungary’s main oil company,...

Automotive

Hungary-Belarus relations in “more active phase”

At today’s Belarus-Hungary business forum held in Budapest, Hungarian Foreign Trade Secretary Péter Szijjártó said economic cooperation between the two...

Deals

MOL to shut down refinery in Italy

Hungarian oil and gas company MOL on Friday said it is shutting down its refinery in Mantova, Italy, and converting...

Deals

MOL to shut down refinery in Italy

Hungarian oil and gas company MOL on Friday said it is shutting down its refinery in Mantova, Italy, and converting...

Deals

HUF 2.1 billion in casino revenue planned

The 2014 budget bill before parliament targets HUF 2.1 billion in revenue from concession fees from casinos. The figure is...

Deals

Hungarian startups meet with Israel-based businesses

The National Economy Ministry, the National Innovation Office (NIH) and the Israeli Embassy to Hungary hosted the first Israel-Hungary Innovation...

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...