Industry

Transport

Lithuanian Airline to expand in East Europe after Hungarian bid

FlyLAL, the Lithuanian carrier sold by the government in 2005, is looking to further expand in eastern Europe following its...

Pharma

Pfizer’s 10,000 job cuts may prompt Glaxo, Sanofi to follow

Pfizer Inc.'s plan to eliminate 10,000 jobs, or 10% of its workforce, may ripple through the pharmaceutical industry and prompt...

Pharma

Hewlett-Packard to open lab in St. Petersburg, Russia

Hewlett-Packard Co., inventor of thermal-inkjet printing and the handheld scientific calculator, plans to open a research lab in Russia to...

Deals

Billionaire Iorich’s Pala plans investment in gold miners

Pala Investments Holdings Ltd., a $900 million (€694.7 million) investment fund started by Russian billionaire Vladimir Iorich, is studying further...

Pharma

Yukos shares jump on report of $33 bln valuation

Shares of OAO Yukos Oil Co. Jumped after a newspaper said the bankrupt Russian energy producer's assets are worth $33...

Pharma

Meinl Land to raise up to €1.5 bln in share sale

Meinl European Land Ltd., an Austrian company that bought four shopping malls in Moscow last year, plans to raise as...

Deals

Unified Energy seeks changes to breakup strategy

OAO Unified Energy System, the Russian power utility in the process of being broken up, wants the state-run Federal Grid...

Deals

Ablon, Hungarian property developer, will list shares on AIM

Ablon Group, a Hungarian property developer with units in Prague and Bucharest, wants to raise some £100 million (€151.9 million)...

Transport

Fly Balaton airport targets 100,000 passengers in 2007

Fly Balaton, a former airbase converted into a commercial airport by a group of Irish and Hungarian investors, served 80,000...

Deals

Allianz offers €9.8 bln for rest of AGF unit

Allianz SE, Europe's biggest insurer, agreed to buy the rest of Assurances Generales de France for €9.8 billion ($12.7 billion),...

Transport

2006 was safest year ever for flying

Last year was the safest ever for commercial air travel, the International Air Transport Association (IATA) said, though the accident...

Pharma

Hankook Tire 2006 profit falls on materials, won

Hankook Tire Co., South Korea's biggest tiremaker, posted a 22% fall in full-year profit on higher materials costs and a...

Pharma

Aegon forms pensions venture with Romania’s Banca Transilvania

Aegon NV, the second-largest Dutch insurer, and Banca Transilvania SA agreed to form a pensions joint venture in Romania....

Pharma

Power company workers call strike to protest scrapped discounts

Trade unions representing electric power industry workers agreed on Wednesday to call a strike over government plans to eliminate a...

Deals

Rosneft to spend $2 bln building oil refinery on Black Sea

Rosneft, Russia's second-largest oil producer, plans to spend $2 billion building a new oil refinery alongside its Tuapse facility on...

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...