Industry

Automotive

General Motors wants to rebuild FSO in Poland

As Poland returns to the group of leaders in car manufacturing in the region. General Motors wants to make Poland...

Deals

Germany’s Commerzbank buys majority stake in Ukraine’s Bank Forum

Commerzbank has acquired a majority stake in Ukraine’s 10th-largest private-sector bank, Bank Forum, for $600 million, the German bank announced...

Deals

MOL hires six banks for €2 billion loan

Hungarian oil giant MOL has commissioned six banks, Citigroup, Royal Bank of Scotland, BNP Paribas, Bank of Tokyo-Mitsubishi, ING and...

Deals

Sarkozy hedges free market with gov’t control

Following nearly two years of squabbling, this month France’s national gas utility, Gaz de France, finally agreed to team up...

Automotive

Hungary: Industrial production rises in July

Hungarian industrial gross output increased, working days rose year-on-year in July the Central Statistical Office (KSH) reported Friday....

Pharma

EU companies welcome progress in the Chinese market and ask for greater access

European businesses in China hailed the openness and transparency of the Chinese market, but demanded that more be done to...

Deals

Siemens foiled again in Power Machines stock shuffle

The Russian Federal Antimonopoly Service has refused for a second time to allow Siemens to buy 30.4% of the stock...

Pharma

Kimberly-Clark plans to build its first plant in Russia

Dallas-based Kimberly-Clark Corp., a leading global health and hygiene company, the maker of Kleenex tissues and Cottenelle toilet paper, plans...

Deals

Chinese firms to build Polish expressways

Nearly 40 private Chinese companies, led by China International Industry and Commerce Co Ltd (CIIC), are likely to build expressways...

Automotive

‘Green’ the magic word at car show

Reducing emissions and raising fuel efficiency are the magic words at the Frankfurt International Motor show (IAA) as manufacturers and...

Deals

Russia to cede 25% of electricity grid to foreign investors

The head of Russia’s electricity monopoly Unified Energy System (UES) said in an interview with a British newspaper Wednesday that...

Pharma

Hungary’s Libri set to arrive in Romania

Libri, Hungary’s largest book retailer with a turnover worth €34 million ($47 million) is set to enter the domestic market...

Deals

Payer International to develop Hungarian operation

Austria’s electronic beauty care products manufacturer, Payer International Technologies GmbH is to relocate further production capacities to its Hungarian base,...

Deals

Hungary investors should seek cities

Hungary’s fly-to-let investors should buy city centre new-build rather than being wooed by a holiday resort glow, according to experts...

Deals

Russia’s Alfa Group in talks to buy Turkish supermarket chain Migros

Russian conglomerate Alfa Group is in talks with Turkey’s financial-industrial Koc Holding to buy a controlling stake in supermarket chain...

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...