Industry

Retail

First Tesco Express opens in Hungary

British retail giant Tesco Saturday opened the first of five convenience stores planned for Hungary....

Automotive

Russia’s PAZ, Brazilian Marco Polo mull JV on bus production

Russia’s Pavlovsky Bus Plant (PAZ) is holding talks with Brazilian bus manufacturer Marco Polo to form a joint venture for...

Deals

Russia aims to sell India 40 fighters to India in Sept

Russia hopes to sign a contract next month to sell India 40 Sukhoi fighters, the president of the Irkut warplane...

Deals

Russia’s anti-monopoly body allows Italy’s Enel to buy OGK-5

Russia’s Federal Anti-Monopoly Service (FAS) has given Italian power company Enel SpA authorization to acquire over 70% in the wholesale...

Deals

Jaguar/Land Rover sale on track, as Ford mulls adding Volvo

The emergence of at least two US-based bidders has turned the sale of the UK-based units from possibility to probability,...

Automotive

General Motors considers Romania for plant

General Motors could shortly begin investments in order to develop a production centre in Romania, with Cluj as a potential...

Deals

British Airways fined $300 million for price-fixing conspiracy

British Airways PLC was fined $300 million on Thursday after it pleaded guilty to a price- fixing conspiracy on international...

Automotive

Hungary: Bare rate to remain unchanged on Monday

The base rate set by the Central Bank will remain unchanged on Monday, opined both analysts and Forex traders. Reuter’s...

Pharma

Business calls on Merkel to address Chinese economic fears – analysis

German Chancellor Angela Merkel travels to China and Japan Sunday with industry in Europe’s biggest economy hoping she will use...

Transport

Moscow government airline signs contract to buy four Boeings

Atlant-Souyz, the official air carrier of Moscow’s government, signed Wednesday a contract at the MAKS-2007 air show to buy four...

Pharma

The oil of Gazprom to spread throughout Asia

In an effort to conquer retail markets of CIS, Gazprom Neft has incorporated subsidiaries in Kazakhstan and Tadjikistan. In the...

Automotive

Chery to boost foreign plants

Chery Automobile Co, the biggest Chinese passenger car brand by unit sales, will build more plants abroad as part of...

Deals

Carlyle creates group to invest in Central, Eastern Europe

Washington-based Carlyle, a private-equity giant with more than $71 billion under management, said the new team will be headed by...

Deals

Sharp announces ultra-thin 52-inch TV, Russian subsidiary

Japanese electronics giant Sharp presented the prototype of an ultra-thin flat-screen television measuring just two centimeters thick to reporters in...

Deals

Big jump in shopping mall construction in Bulgaria

There is a total of 201,000 square meters of shopping mall GLA (Gross Leasable Area) under construction in Bulgaria, according...

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...