Industry

Deals

OTP Bank stands by 2008 profit target based on Q2 results

Hungary’s OTP Bank deputy-CEO László Urbán said the bank's management considers the earlier targeted 10pc increase in 2008 after-tax profit...

Deals

OTP Bank stands by 2008 profit target based on Q2 results

Hungary’s OTP Bank deputy-CEO László Urbán said the bank's management considers the earlier targeted 10pc increase in 2008 after-tax profit...

Automotive

BMW recalls 150,000 vehicles for airbag sensor fix

BMW will recall around 150,000 vehicles in North America to fix a possible defect that may keep the front passenger...

Automotive

BMW recalls 150,000 vehicles for airbag sensor fix

BMW will recall around 150,000 vehicles in North America to fix a possible defect that may keep the front passenger...

Pharma

Michelin denies abusing market position in France

Tire maker Michelin said its behavior was “impeccable” and it did not dominate the French market after a report said...

Deals

Erg sees €1.6 bln cash from plant stake sale

Erg should get more than €1 billion in net cash from the sale of a stake in a plant to...

Deals

Erg sees €1.6 bln cash from plant stake sale

Erg should get more than €1 billion in net cash from the sale of a stake in a plant to...

Pharma

Michelin denies abusing market position in France

Tire maker Michelin said its behavior was “impeccable” and it did not dominate the French market after a report said...

Pharma

Michelin suspected of abuse of market power

Tire manufacturer Michelin is suspected of abusing its market power in France by the French Ministry of Finance who has...

Pharma

Michelin suspected of abuse of market power

Tire manufacturer Michelin is suspected of abusing its market power in France by the French Ministry of Finance who has...

Deals

GM in talks on selling Hummer business

General Motors Corp has had preliminary contact with Russian oligarch Oleg Deripaska on a possible sale of its Hummer brand,...

Deals

GM in talks on selling Hummer business

General Motors Corp has had preliminary contact with Russian oligarch Oleg Deripaska on a possible sale of its Hummer brand,...

Automotive

Automakers scramble to offer more fuel efficiency

Chrysler LLC outlined plans to launch a new car-based SUV modeled after the Jeep Cherokee, as other major automakers took...

Automotive

Automakers scramble to offer more fuel efficiency

Chrysler LLC outlined plans to launch a new car-based SUV modeled after the Jeep Cherokee, as other major automakers took...

Deals

Sharp losses from MOL and OTP drive BUX lower

Significant losses from Budapest Stock Excahnge (BSE) heavyweight issuers MOL, OTP and Magyar Telekom dropped the Budapest Stock Exchange's blue-chip...

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...

MOL Gets U.S. Clearance for Preparatory Steps in NIS Acquisition

MOL has received a U.S. sanctions license authorizing certain preparatory transactions related to its potential acquisition of a stake in...

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...