Industry

Deals

Mol, INA reach agreement to buy Bosnia’s Energopetrol

Hungarian oil and gas company Mol Rt and Croatia's INA Industrija Nafte DD agreed with a Bosnian commission on the...

Pharma

Drug maker begins operations in Hungary

A new drug company, Astellas Pharma Kft began operations in Hungary and expects a turnover of Ft 3.4 billion-Ft 4...

Deals

Bajnai resigns from Zwack supervisory board

Zwack Unicum Rt, Hungary's most famous spirits company, announced on Friday that Gordon Bajnai, a member of its supervisory board,...

Pharma

Reál Hungária revenue increases 17%

Hungarian-owned supermarket chain Reál Hungária Rt had revenue of Ft 281.6 billion in 2005, 17% more than in the previous...

Pharma

Bridgestone starts building Ft 50 bln plant

Japanese-owned tire maker Bridgestone Kft laid the cornerstone for its Ft 50 billion plant in the Tatabánya Industrial Park yesterday....

Pharma

High-tech companies ask for tax breaks even if tax cuts are delayed

The head of Hungary's Association of IT Businesses (IVSz) has urged the government to introduce some kind of tax break...

Deals

PM announces 8% fiscal deficit projection

Prime Minister Ferenc Gyurcsány said Hungary's public finance deficit will amount to 8% of GDP this year and pressed for...

Automotive

April industrial output up preliminary 6.8% yr/yr

Hungary's industrial output fell 0.4% in April from March according to seasonally and workday-adjusted figures and was up 6.8% in...

Deals

Ecostat projects industrial production growth of 8.8% yr/yr in October

Ecostat, the research arm of Hungary's Central Statistics Office (KSH), forecasts twelve-month industrial production growth of 8.8% in October 2006,...

Pharma

Samsung growth expected to continue

South-Korean consumer electronics giant Samsung expects to sell 20% more products in Hungary this year, compared to Ft 8.6 billion...

Deals

Takarékbank to provide forex service

Savings bank Magyar Takarékszövetkezeti Bank Rt (Takarékbank) is launching its online foreign currency trade system today....

Retail

Amway Hungary expects to break even in 2006

The Hungarian unit of Amway, the US seller of home and personal care products, plans to break even on revenue...

Deals

Transelektro fails to reach agreement with creditors

The owners of troubled holding company Transelektro failed to reach an agreement with creditors by the May 31 deadline, which...

Deals

Fotex stake in Domus rises to 99.24% after squeeze-out

Holding company Fotex Rt announced on Thursday it had acquired 9,807 shares in furniture company Domus Rt in a squeeze-out...

Retail

Auchan targets 5%-7% revenue increase in 2006

French supermarket chain Auchan expects revenue in Hungary in 2006 to increase 5%-7% over 2005's Ft 185 billion, Jean Paul...

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...

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...

Hungary Retail Sales Rise 2.4% in August

Hungary’s retail sales volume increased 2.4% year on year in August but fell 0.7% from July, according to data from...