Industry

Automotive

GM Daewoo seeks to buy Romania Daewoo plant

The CEO at GM Daewoo Auto & Technology Co., South Korea's No.3 automaker, said that the company is in negotiations...

Deals

NBC Universal has massive expansion plans

NBC Universal has announced that they are planning to launch as many as 20 TV channels across Europe, Asia and...

Pharma

IHT reports: As wages rise in Eastern Europe, businesses look elsewhere

When the communists were ousted across Eastern Europe, the capitalists moved in. For foreign companies, it was an exciting new...

Transport

Airlines, governments fail to ensure air passenger rights, EU says

The European Commission said Wednesday that airlines and European Union governments must improve air passenger rights within six months or...

Deals

Hungary’s MÁV Cargo to be privatized in May-June

Hungarian rail freight company MÁV Cargo is to be privatized in May or June, reports the financial daily Napigazdaság, citing...

Deals

Gazprombank, Eni , Rosneft in Yukos auction

Three bidders will compete in Wednesday's auction of the gas assets of bankrupt Russian oil company Yukos, Kommersant newspaper said....

Transport

Wizz Air carried 6 millionth passenger

Wizz Air, the largest low fare - low cost airline in Central and Eastern Europe carried six million passenger since...

Deals

Rompetrol reportedly expanding into France

Romanian oil group Rompetrol is reportedly moving into the French retail market through establishing the first Rompetrol-branded filling station in...

Pharma

Polish Zlomrex to buy Voestalpine Stahlhandel

Zlomrex S.A. has finalized the purchase of nearly 75% of the shares in the Austrian company Voestalpine Stahlhandel for €93...

Retail

EU launches anti-trust probe into Apple’s online music sale

The European Commission confirmed Tuesday that it has launched an anti-trust probe into online music sales by computer company Apple...

Deals

Russia oil producer seeks backing for Iraq oil deal

Russia’s top oil producer OAO Lukoil signed a partnership deal with the foreign ministry on Monday and said it counted...

Automotive

Magyar Suzuki recalls cars on handbrakes

The Japanese carmaker based in Hungary, Magyar Suzuki Zrt, Monday announced a recall for 40,000 SX4 Suzuki models to rectify...

Deals

Mol-INA consortium formally take control of Energopetrol stake

Hungarian oil and gas company Mol Nyrt and its Croatian unit INA Industrija Nafte d.d. formally took over control of...

Retail

New healthcare system in testing

The law obliging every health care provider to verify whether incoming patients have the privity making them eligible to receive...

Retail

Cadence Innovation signs agreement to acquire Collins & Aikman Plastics business

Cadence Innovation LLC announced yesterday it has signed an Asset Purchase Agreement (APA) to acquire substantial assets and operations of...

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...