Industry

Deals

Rosneft buys YUKOS brand name

Rosneft bought Lot No. 18 of YUKOS assets at an auction yesterday for 18.58 billion rubles ($ 725 million), 0.5%...

Pharma

Chrysler plans global expansion after Daimler split

Chrysler LLC is working on a significant global expansion following its split from Daimler AG, a senior executive said here....

Deals

18 bln barrels of oil discovered at Iraq’s West Qurna

Iraqi Oil Minister Hussain al-Shahristani reported Thursday that reserves at the West Qurna-2 oil field are now 24 billion barrels,...

Deals

In Hungary, an energy battle with Russian overtones

Two Central European energy companies are locked in a bitter battle for dominance in the region after OMV of Austria...

Deals

Gazprom aims for a slice of E.ON’s British power plants

Gazprom, the Kremlin-backed Russian gas group, is negotiating a deal under which it could take a stake in up to...

Pharma

Lipinski calls for more hydrogen fuel research support – US

Congressman Dan Lipinski, vice chairman of the House Committee on Science and Technology, has used his platform as host of...

Pharma

BMW Hydrogen 7 test period concluded – BMW & NASA

BMW of North America and NASA have announced the successful completion of an eight-week test period of the BMW Hydrogen...

Pharma

EIB gives €210 mln to modernize PKN Orlen’s gas stations

PKN Orlen needs to make huge investments to regain its market position. PKN Orlen, Poland’s biggest fuel company, got €210...

Deals

Sweden’s East Capital invests over $250 mln in Romania

Investment funds managed by Sweden’s East Capital company reached a portfolio of approximately $250 million (€181 million) on the domestic...

Deals

Russia oil firms will get no privileges in Iraq

Iraq’s oil minister said on arriving in Moscow Wednesday that Russian crude producers will have to compete on equal terms...

Deals

OMV prefers “friendly combination”

Austrian oil company OMV aims to establish amicable business relations with Hungarian peer MOL, in order to “combine” the two...

Retail

Germany’s Aldi arrives on Romanian market

German-based company Aldi, the world’s tenth-largest retailer, which boasts a global turnover in excess of €39 billion ($53.6 billion), has...

Pharma

General Motors sees progress on fuel cell research

If everything goes right, regular people will be driving hydrogen-powered fuel-cell vehicles in a few test areas across the globe...

Pharma

Australian QWL sets sights on Eastern Europe

QWL Pty Ltd has launched a fund targeting high growth in Eastern Europe, hoping to take advantage of the region’s...

Pharma

Elbit Medical to sell Arena Plaza for €400 mln

Plaza centers NV is to sell Arena Plaza (under construction - near Keleti railway station and Népstadion) to Active Asset...

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...