Industry

Deals

Exxon follows Shell in divesting from South America

Following recent compensation disputes with the Venezuelan government, Exxon Mobil Corporation seems intent on leaving South America and selling its...

Automotive

BMW opens first showroom in Vietnam

Euro Auto Corp., the official importer of BMW vehicles in Ho Chi Minh City, opened the German automaker’s first showroom...

Deals

CP Desoutter in move to Hungary

CP Desoutter, a division of Atlas Copco, has announced plans to move the assembly part of its pneumatic power tools...

Retail

Microsoft kicks off online services

Faced with growing competition, Microsoft kicked off on Monday its online services aimed at businesses with more than 5,000 employees....

Deals

Re-nationalizing MOL is a “bad idea”

In Hungary, every investor has to observe the rules of the capital market, the norms of the law, and the...

Deals

Billionaire Usmanov increases stake in Arsenal to 23%

Russian billionaire Alisher Usmanov’s Red and White Holdings Ltd. has bought a further 2% in English soccer club Arsenal FC...

Pharma

First 100% foreign invested company licensed to operate in Vietnam

Ho Chi Minh City People’s Committee has just granted an investment license to the 100% foreign invested East-West Trading Company...

Retail

Advanced biofuels : ethanol, schmethanol

Everyone seems to think that ethanol is a good way to make cars greener. Everyone is wrong....

Deals

Londoners put in word on OMV-MOL affair – extended

The outcome of OMV’s attempt to acquire Hungarian oil company MOL Nyrt is totally uncertain, according to the rating of...

Transport

Váradi to go east with Wizz Air

Wizz Air CEO József Váradi plans to expand the central European budget carrier’s network outside the European Union and to...

Deals

Indian billionaire buys 50% stake in US jet maker

Indian billionaire businessman Vijay Mallya, who runs the United Breweries group, has bought a 50% stake in the US jet...

Deals

Report: No wage increases in GM-UAW deal

The landmark agreement General Motors Corp. and the United Auto Workers union reached early Wednesday includes no worker wage increases,...

Automotive

Swiss Maxon opens Ft 700 million new hall in Veszprém, Hungary

Maxon Motor Hungary Ltd – located in Veszprém - has inaugurated its new plant hall on Tuesday. The 1500 square...

Deals

Morgan Stanley to miss out on Mol fees after quitting defense

Morgan Stanley is set to miss out on lucrative advisory fees on one of Europe’s largest potential takeovers this year,...

Transport

Russia’s Sukhoi holds public presentation of SuperJet-100

Russian aircraft manufacturer Sukhoi officially presented to the public on Wednesday its first SuperJet-100 regional aircraft....

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...

Hungary Retail Sales Rise 4.3% in September as Non-Food Spending Leads Growth

Hungary’s retail sales volume rose 4.3% year-on-year in September 2026, driven by growth in non-food and automotive fuel sales, according...

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...