Industry

Deals

Finance Ministry forecasts Ft 230.4 bln deficit for November

Hungary's Finance Ministry forecasts a Ft 230.4 billion cash flow-based budget deficit excluding local councils for November....

Pharma

Tele2 to retreat from Eastern European markets

Tele2 AB CEO Lars-Johan Jarnheimer said Sweden's second largest phone company will likely retreat from markets in Eastern Europe as...

Automotive

Kia to build small SUV at Slovakia plant by end 2007

South Korea's second-largest automaker, said it will add a small sport-utilityvehicle model by the end of next year at its...

Retail

Spar starts new store on new concept

Today Spar launches a new supermarket with a unit in Budapest’s District 12 reopening as the chain’s first City store...

Pharma

Denso to expand production of diesel engine parts in Hungary

Denso Corp., Japan's largest car parts maker, said it will spend €38.3 million (Ft 9.86 billion) to expand production of...

Automotive

Maxon Motor to set up €2 mln unit in Hungary

The world's leading supplier of high-precision drive systems, Maxon Motor, is to build a new 3,000 square meter production facility...

Deals

Finance Ministry confirms sale of state’s remaining Mol stake

The ministry has confirmed on the website of the Budapest Stock Exchange (BÉT) on Wednesday that the State Privatization and...

Automotive

Slovak koruna touches record as economic growth beats forecasts

The Slovak koruna surged to a record against the euro after a government report showed the economy expanded faster than...

Automotive

Hungary’s industrial output up adjusted 11.8% yr/yr in September

Hungary's industrial output rose a working day adjusted 11.8% year on year in volume terms in September, the Central Statistics...

Automotive

Toyota, Fiat lead first European sales gain since May

Toyota Motor Corp., Fiat SpA and PSA Peugeot Citroen last month led the first gain in European car sales since...

Deals

BorsodChem shares to be delisted in January

The delisting of shares of BorsodChem and its transformation into a closed company could start as soon as January, one...

Pharma

Columbian Tiszai Carbon plans capacity expansion

Columbian Tiszai Carbon Kft, the Hungarian unit of US-based Columbian Chemicals Company, plans to spend tens of millions of dollars...

Retail

Fotex reports nine-month loss on costs of company revamp

Fotex, a Hungarian retailer turned property manager, reported a nine-month loss because of the cost of selling units and revamping...

Automotive

Waberer’s plans Ft 1 bln warehouse at BILK

Hungarian logistics company Waberer's Holding Zrt plans to build a Ft 1 billion, 9,600 square meter warehouse at the Budapest...

Retail

Hydro to sell car-parts business to bolster profit

Norsk Hydro ASA, the world's fourth- largest aluminum producer, plans to sell its car-parts business to increase profit and focus...

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...