Industry

Deals

ThyssenKrupp Elevator strengthens presence in Croatia

Important step in expansion of Eastern European business ThyssenKrupp Elevator has acquired Končar Dizala i servis d.o.o., Zagreb....

Deals

EU fines Dutch brewers for operating beer cartel

European Union regulators Wednesday fined Dutch brewers Heineken, Grolsch and Bavaria a total of €273,78 million ($371 million) for fixing...

Deals

KBC acquires 92.5% stake in Russia’s Absolut Bank for €761 mln

Belgian bank KBC Group NV said it has acquired 92.5% of Russian bank Absolut for €761 million ($1.036 billion), subject...

Retail

City focus: Leahy keeps on truckin’

Britain's largest retailer rang up a record £2.55 billion ($5.1 billion)in pre-tax profits last year - a rise of 13.2%...

Deals

Toshiba to file suit against European Commission for cartel fines

Toshiba Corp said Wednesday that it planned to file a suit against the European Commission for its decision to impose...

Deals

MCW buys 7 shopping centers in Europe for A$571 mln

Austral Macquarie CountryWide Trust has purchased seven shopping centers in Poland and Germany for A$571 million (€351 million) in its...

Automotive

Lear to invest €25 mln in new Slovak plant

US auto-parts maker Lear Corp. said on Tuesday it would invest €25 million ($34 million) in Slovakia to build a...

Deals

Unknown company buys Yukos assets for $138 million

The little-known Monte Velle company paid $138 million for energy assets of Russian oil firm Yukos at a Moscow auction...

Automotive

Used-car imports spike in Bulgaria since EU entry

Imports of used cars to Bulgaria have risen sharply since the country joined the European Union at the start of...

Automotive

GM bearer of glad tidings for Saab plant – extended

Saab's factory in Sweden's Trollhättan is one of four locations selected by General Motors for the production of the next...

Deals

Kóka says: D.Telekom will not sell Magyar Telekom

Deutsche Telekom considers its Hungarian unit, Magyar Telekom, a strategic investment and will not sell its stake to Russia's Sistema,...

Automotive

Peugeot to invest €100 mln on new small car at Slovak plant

Peugeot said it is to invest €100 million ($135.5 million) to launch a new model to be made at its...

Retail

Tesco unveils profits of £2.55 bln

Tesco, Britain's biggest retailer, has reported a 13% rise in full-year underlying profits to £2.55 billion....

Deals

Benetton to build factories in Nagyatád

Italian holding Benetton Group S.p.A. is preparing to carry out a complex factory construction project in Nagyatád, mayor István Ormai...

Deals

German and UK new car markets move in different directions

The continued weakness of the German market in March combined with sluggish demand in other major markets such as France...

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...