Industry

Deals

GE Money and Al-Futtaim Group joint ventura in UAE

GE Money, the global consumer-lending unit of General Electric Company and Al-Futtaim Group, the leading UAE business conglomerate, today signed...

Deals

Hungarian competition regulator starts banking market probe

Hungary's Competition Office said it started an investigation of the country's banking market to determine whether lenders make it too...

Automotive

Skoda, a joke no more, joins Audi in driving Volkswagen profit

Volkswagen AG executives used to consider Skoda cars so dangerous they refused to drive them....

Pharma

Egis Q1 profit slumps 80% on Russia, strong forint – extended

Egis Nyrt., the Hungarian drugmaker majority owned by France's Laboratoires Servier, said fiscal Q1 profit slumped 80%, hurt by changes...

Automotive

Hyundai Motor to start work on Czech plant in April

Hyundai Motor Co., South Korea's largest automaker, plans to hold a ceremony to start its delayed $1 bln (€770 million)...

Deals

Croatian asset-sales agency sells stakes in nine companies

Croatia's asset-sales agency sold minority stakes in nine companies, including seed manufacturer BC Institut d.d. Zagreb and meat producer Puris...

Automotive

BMW, Audi vehicle sales rise as luxury sales head to a record

Bayerische Motoren Werke AG, the world's largest maker of luxury cars, and rivals Audi and Mercedes reported increases in vehicle...

Deals

Sitronics raises $402 mln in initial share sale

OAO Sitronics, the technology unit of Vladimir Yevtushenkov's AFK Sistema, raised $402 mln in an initial public offering, the fifth...

Automotive

Car industry facing 18% CO2 cut

The European Commission is proposing forcing carmakers to make an 18% cut in CO2 emissions from new cars by 2012....

Deals

E.ON may sell Gazprom stake to finance Endesa bid

E.ON AG may sell its 6.4% stake in Russia's state-run natural-gas company, OAO Gazprom, to finance a €41 billion ($53...

Automotive

Profits motoring ahead at Toyota

Japanese car firm Toyota has said it is set for an eighth year of record earnings, after reporting a 19%...

Automotive

Porsche rails at emissions caps that favor Ghosn’s smaller cars

Porsche AG is under threat from the drive to combat global warming, CEO Wendelin Wiedeking says....

Pharma

GE expects sales in Southeast Asia to outpace economic growth

General Electric Co., the world's second-biggest company, said its sales in Southeast Asia this year will outpace the region's economic...

Pharma

Engel to build, sell Bucharest housing units for $132 mln

Engel Eastern Europe NV agreed to buy property in Bucharest on which it will build 1,000 housing units and eventually...

Automotive

Hyundai Motor’s Chung found guilty of embezzlement

Hyundai Motor Co. Chairman Chung Mong Koo was sentenced to three years in prison for embezzling funds that were used...

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...