Industry

Pharma

Malév losses even bigger than expected, says suitor

The losses of state-owned Hungarian airline Malév turn out to be even bigger than revealed at the start of privatization...

Pharma

European governments should cut deficits, IMF’s De Rato says

European governments must reduce budget deficits and encourage competition if the continent is to close the economic gap with the...

Retail

Modine to spend $12 mln on second factory in Hungary

Modine announces $12 mln investment to build a Greenfield manufacturing facility in Hungary to support growing product demand....

Deals

Hungary meets budget deficit target for last year

Hungary, which has the European Union's widest budget deficit, said it met last year's revised target and expects the January...

Retail

Music downloads almost double in 2006, fail to offset piracy

A surge in downloaded songs and mobile-phone ringtones failed to make up for declines in sales of compact discs last...

Deals

Nemetschek offers Ft 2,273 a share for rest of Graphisoft – extended

Nemetschek AG, a German maker of software used in construction and real-estate businesses, offered Ft 2,273 ($11.6) share to buy...

Automotive

Peugeot to supply diesel engines to Mitsubishi Motors

Peugeot, Europe's second-biggest carmaker, will supply diesel engines to Mitsubishi Motors from the middle of this year, expanding the two...

Automotive

Ukraine’s largest car producer will bid for Romania’s plant

UkrAvto, Ukraine's largest manufacturer and distributor of cars, including Toyota, Mercedez-Benz and Renault brands, will bid for Romania's second-biggest car...

Automotive

Iveco expects revenue of 15 billion in 2007

Italian truck maker Iveco plans sales of Ft 15 billion in the country in 2007, keeping within the range of...

Pharma

Volkswagen’s Skoda 2006 sales hit record on Octavia

Skoda Auto AS, the Czech unit of Volkswagen AG, sold a record number of cars in 2006 on strong performance...

Deals

Budapest bourse counts on foreign IPOs to lift turnover in 2007

The Budapest Stock Exchange (BÉT) is relying on foreign companies including Orco Property Group to join the market and boost...

Automotive

Volkswagen, Fiat, Toyota led gain in 2006 European car sales

Volkswagen AG, Toyota Motor Corp. And Fiat SpA led an increase in European car sales last year, winning market share...

Retail

M&S unveils carbon-neutral target

High Street chain Marks & Spencer has announced a £200 mln, (€303.7 mln) five-year plan to make the company carbon...

Automotive

Audi Hungária makes 12% more engines, assembles 92% more cars in 2006

Audi Hungária Motor produced 1,839,600 engines in 2006, 12% more than in 2005; the number of cars the plant assembled...

Deals

Siemens sees technology unit in „promising position”

Siemens AG said its new technology services unit, which started today, is in a „promising position” as the division will...

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...