Industry

Automotive

Russian tycoon buys stake in Australia’s Medusa Mining

Gallagher Holdings Ltd., an investment company owned by Russian billionaire Alisher Usmanov, has bought a 12.32% stake in Medusa Mining...

Pharma

Hankook starts operations at Dunaújváros; first European tire plant

Hankook Tire has started production at its new €500 million ($671.7 million) production facility in Dunaújváros, Hungary. Construction at the...

Deals

GE Real Estate and Helios Phoenix create €175mln Romanian warehouse development joint venture

GE Real Estate Central & Eastern Europe and Helios Phoenix have announced the creation of a joint venture to undertake...

Pharma

US creates three centers for research on biofuels: report

The US Energy Department is creating three bioenergy research centers to find new ways to turn plants into fuel, The...

Pharma

Hungary’s Genesis announces major plant plans

Genesis Energy Investment Nyrt will build a solar panel factory about €100 million ($134.5 million) investment, making use of the...

Deals

Day of records at Hungarian bourse – extended

Budapest Stock Exchange (BÉT) rose by 836.9 points to a historical record of 29.441 points yesterday. Over 90% of the...

Pharma

Shell appointed King Sturge to acquire sites for gas stations around Poland

Shell is interested in acquiring plots in Poland's big cities and on major intercity routes....

Deals

Rosneft to buy former Yukos filling stations for $630 mln

Russia's state-controlled oil giant Rosneft said Tuesday its subsidiary Neft-Aktiv would purchase a network of filling stations owned until recently...

Automotive

MOL signs €2 mln contract with Dacia

MOL Romania, the domestic branch of the Hungarian petroleum group MOL, has signed an approximately €2 million ($2.7 million) contract...

Pharma

Hydrogen power at work

A bus, fueled by hydrogen, has performed its first voyage in Belgium. Russians are waiting for this vehicle to appear...

Retail

Insulin pill for diabetics developed in Britain

A British company has developed a form of insulin that can be taken orally, which will provide better control of...

Deals

St. Petersburg opens up for TriGranit

Sándor Demján, Chairman of Trigranit Development Corporation and Matvienko Valentina Ivanovna; the Governor of St. Petersburg together signed an agreement...

Deals

Austria’s OMV raises stake in Hungary’s Mol to 18.6%

OMV AG, the leading Central European oil and gas group, has purchased several blocks of MOL shares, which, as understood...

Deals

Pécs to sell airport – Hungary

The municipality of Pécs is in talks with three strategic investors about selling or leasing its international airport, city mayor...

Pharma

Delphi to move production to Szombathely, Hungary

American Delphi Co. plans to move its entire plastic car parts production to its Szombathely plant, communications manager of Delphi...

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...