Industry

Deals

Mol shuts down petrol stations in Czech Republic

Hungarian oil and gas company Mol Nyrt has failed to achieve economy of scale on the Czech Republic's retail vehicle...

Transport

Malev sends extra flights to Damascus

Hungarian airlines Malév Zrt has operated two extra flights to Damascus in addition to its regular flights in order to...

Pharma

Hungarian Hankook factory is to be the springboard to Europe

Hankook Tire Co., South Korea's largest tire maker, is building a €525 million factory in Dunaújváros, to use the country's...

Pharma

Morgan Stanley to open service center in Hungary

Morgan Stanley, the world's biggest securities company by market value, will hire 450 employees at a service center it plans...

Deals

NABI shares to trade under Exbus name from Tuesday

The Budapest Stock Exchange (BÉT) announced on Monday shares of busmaker NABI would be traded under the name Exbus from...

Automotive

Ford to invest £1 bln on green cars

Ford Motor Co. will invest £1 billion over the next six years on U.K. research and development to improve the...

Deals

President approves tax-hike legislation

President László Sólyom on Monday signed the tax-raising legislation, which represents 60%-65% of the whole "New balance" fiscal program....

Automotive

New car sales up 3.1% yr/yr in first half

Hungarian car dealerships sold 97,609 new cars and sports utility vehicles in the first half of 2006, 3.1% more than...

Deals

MKB reveals details of planned acquisition in Romania

MKB Bank Rt has revealed details of its planned acquisition of Romania's Romexterra Bank....

Pharma

Russian carrier may invest in Hungarian airfield

A Russian airline is considering investing in Hungary's Taszár airfield, a former military base the county municipality plans to turn...

Deals

BenQ starts selling handsets in Hungary

BenQ Mobile, which acquired the mobile phone unit of Germany's Siemens in 2005, has started selling three high-end 'BenQ-Siemens'-branded handsets...

Deals

Kopint-Datorg projects 4.3% GDP growth in 2006

Economic research company Kopint-Datorg put GDP growth in 2006 at 4.3%, unchanged from its April forecast, but the growth forecast...

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...

Pharma

From Youth-led Ideas to Decision-Makers’ Table: A Day Revolving Around the Future of Hungarian Science and Healthcare

How can Hungary become a regional hub for clinical trials? Young physicians, researchers, and biotech innovators spent a morning tackling...

Pharma

Rooftop Breakfast Offers Helicopter View of AI’s Impact on Pharma

About 50 guests began their day in the beautiful setting of the Duchess Rooftop Bar of the Matild Palace Hotel...

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...

Serbia Says MOL Deal for NIS Stake Signed; MOL Reports No Disclosure Update

A contract for MOL’s acquisition of a stake in Serbian oil and gas company NIS from Russia’s Gazprom Neft has...

From Youth-led Ideas to Decision-Makers’ Table: A Day Revolving Around the Future of Hungarian Science and Healthcare

How can Hungary become a regional hub for clinical trials? Young physicians, researchers, and biotech innovators spent a morning tackling...

Wizz Air Enters Winter With Fuel Hedges and Record Summer Traffic

Discount airline Wizz Air is preparing for winter with more than EUR 2.2 billion in liquidity and fuel hedges covering...

Older Small Cars Rise in Price as Hungary’s Budget Used-Car Supply Shrinks

Suzuki Swift asking prices rose 25.8% year-on-year in September as the share of used cars below HUF 2.5 mln shrank,...

Lake Balaton Cycling Upgrades to Add Wider Paths and New Bridges

Nearly 20 km of the Lake Balaton cycling circuit will be renovated under two programs financed through EU and domestic...

Rooftop Breakfast Offers Helicopter View of AI’s Impact on Pharma

About 50 guests began their day in the beautiful setting of the Duchess Rooftop Bar of the Matild Palace Hotel...

Resident Evil Game Prices Rise Around Film Premiere

Physical console editions of several Resident Evil games rose in price around the film’s Sept. 17 theatrical release, according to...

FDA Accepts Richter’s Fylrevy Menopause Therapy Application for Review

The U.S. Food and Drug Administration (FDA) has accepted Gedeon Richter’s new drug application for Fylrevy, the Hungarian pharmaceutical company...

Egis Opens Major Pharmaceutical Distribution Center in Fót

Egis has opened a distribution center in Fót with capacity for 30,000 pallets, expanding its finished-product logistics operations to support...

Spar Files New EU Complaint Over Hungary’s Retail Tax

Spar has filed another complaint with the European Commission over Hungary’s retail sector tax, arguing that amendments offer relief only...

Continest and Sweden’s Flexotrap Join Forces on Modular Shooting Ranges

As defense spending grows in importance across Europe following Russia’s full-scale invasion of Ukraine, local firm Continest Technologies Plc. and...