Industry

Pharma

Axel Springer 2006 profit rises 26%; shares surge

Axel Springer AG, Europe's biggest newspaper publisher, said profit last year climbed 26% as economic growth lifted advertising sales and...

Deals

Lukoil wins EU antitrust approval to buy Conoco gas stations

OAO Lukoil, Russia's biggest oil producer and refiner, secured European antitrust approval to buy 376 Jet brand filling stations from...

Deals

Moscow’s shopping malls may attract more interest than offices

Moscow shopping malls probably will become more attractive to real estate investors than offices and industrial developments, as Russia's consumer...

Deals

Allianz pays $750 mln for Sistema stake to control Rosno

Allianz SE, Europe's biggest insurer, gained control of Russian insurer Rosno after buying a stake held by OAO AFK Sistema...

Automotive

Romanian new car sales fell 4.3% in January after EU entry

Romanian new car sales fell 4.3% in January, the first decline after two years of rapid growth, as citizens held...

Deals

EU fines Otis, four other elevator makers for price-fixing – extended

European antitrust authorities fined Otis Elevator Co. and ThyssenKrupp AG, the world's two largest elevator makers, and three competitors a...

Deals

Anglo approached by Russians, others over AngloGold holding

Anglo American Plc's CEO, Tony Trahar, said the company has been approached by Russian investors and other companies over its...

Pharma

Goodyear unit in Poland plans $100 mln expansion

Goodyear Tire & Rubber Co., North America's biggest tiremaker, said its Polish unit will invest more than $100 mln to...

Pharma

Optimism rises in European industry

European manufacturers are more optimistic that they will be able to raise output, profits and employment in 2007 than they...

Pharma

GM purchase of Chrysler has 50% chance

General Motors Corp., the world's largest automaker, stands a 50% chance of buying DaimlerChrysler AG's Chrysler unit and may seek...

Deals

Lukoil will pay $400 mln for Conoco gas stations in Europe

OAO Lukoil, Russia's biggest oil producer and refiner, will pay ConocoPhillips more than $400 mln to buy 376 Jet brand...

Deals

OTP hires Hungarian central banker Hamecz to run fund

István Hamecz, the chief economist at Hungary's central bank, is leaving to join OTP Bank Nyrt, the country's largest lender....

Pharma

Polyus approves $150 mln exploration program for this year

OAO Polyus approved in excess of $150 mln of exploration investment for this year as the producer of more than...

Pharma

Russia imposes 3-year duties on European Union stainless steel – extended

Russia, the world's fourth-largest steel producer, will impose three-year duties on stainless steel imports from the European Union to protect...

Automotive

Volvo agrees to buy Nissan Diesel for $1.1 bln – extended

Volvo AB, Europe's second-largest truckmaker, agreed to buy Nissan Diesel Motor Co. for 7.5 bln kronor (€8 billion) to add...

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...