Industry

Pharma

Sykes revenue in Hungary rises 11% in 2006

The Hungarian unit of Sykes, a US-based company which runs call centers for other businesses, had revenue of Ft 2.9...

Automotive

Mitsubishi Motors may build auto factory in Russia

Mitsubishi Motors Corp., Japan's sixth-largest carmaker, said it may build a factory in Russia to meet rising demand for cars...

Deals

EBRD withdraws plan to finance Gazprom-led Sakhalin-2 project

The EBRD has canceled plans to provide loans to Russia's Sakhalin-2 oil and gas project now that state-run OAO Gazprom...

Deals

Budapest office rent among cheapest in region

Office space in Budapest can be rented for just a fifth of the price of that in London and rent...

Deals

KBC Securities acquires majority stake in e-brokerage Equitas

KBC Securities, the Hungarian unit of Belgian bank KBC, is to acquire a majority stake in e-brokerage Equitas, which serves...

Deals

Investment fund assets increase 35% to Ft 2,540 bln in 2006

Assets in Hungarian investment funds increased 35% to Ft 2,540 billion at net asset value in 2006, figures compiled by...

Automotive

November industry output up preliminary 10.8% yr/yr

Hungary's industrial output rose an annual 10.8% in November, picking up from 10.6% in October, according to both unadjusted and...

Retail

Roche’s NeoRecormon wins European approval for weekly use

Roche Holding AG, the world's biggest maker of cancer drugs, won European regulatory approval to sell its NeoRecormon medicine as...

Deals

OTP Bank deputy chief executive Zoltán Spéder resigns

The top deputy to OTP Chairman Sándor Csányi, who has spent almost $3 billion buying banks in the region, quit...

Deals

Hungary’s fiscal deficit Ft 2,034 bln in 2006

Hungary's fiscal deficit was Ft 332.8 billion in December, the Finance Ministry announced on Tuesday....

Deals

HTCC buys Invitel for €470 mln to compete with Magyar Telekom

Hungarian Telephone and Cable Corp. bought fixed-line operator Invitel Zrt to compete with former monopoly Magyar Telekom Nyrt, HTCC said...

Transport

Malév signs code-share agreement with America Airlines

State-owned Hungarian airline Malév signed an agreement with American Airlines on code-sharing and frequent-flyer programs in Budapest on Tuesday....

Transport

Ryanair, EasyJet plan dozens of new routes by middle of 2007

Ryanair Holdings Plc and EasyJet Plc, Europe's two biggest budget airlines, said they will add dozens of routes by mid-July...

Deals

OTP Bank deputy CEO Zoltán Spéder resigns – extended

Zoltán Spéder, who has served as OTP Bank Nyrt's top deputy under Chairman Sándor Csányi since 1995, resigned yesterday because...

Deals

Malév may be sold this week

The Hungarian government is expected to announce a winner in the sale of its unprofitable carrier, Malév Zrt, on January...

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...