Industry

Deals

Pannonplast completes sale of Polifoam unit

Plastic parts company Pannonplast Rt announced on Wednesday it closed the sale of a 51% stake in its unit Polifoam...

Automotive

PM announces ministry layoffs

Staff cuts of over 20% are planned for Hungary's ministries this year as part of a general overhaul of state...

Automotive

Investment volume in Hungary up 9.7% yr/yr in Q1

Investment volume in Hungary rose 9.7% in January-March 2006 from a year earlier, according to preliminary figures published by the...

Deals

Bookkeepers Mazars, Metrum to merge

French-owned Mazars Kft, a major auditing, tax consulting, and bookkeeping firm, and Metrum Kft, a leading Hungarian-owned peer, will link...

Transport

Malév carries year’s one millionth passenger a month earlier

Hungarian national airline Malév Rt carried its one-millionth passenger of the year on Tuesday, one month earlier than in 2005,...

Retail

Online sales expected to reach Ft 30 bln in 2006

Online sales in Hungary will reach Ft 30 billion in 2006, Gábor Lemák, deputy-CEO of GKIeNET, which researches the electronic...

Deals

SME confidence index unchanged in May

Economic research institute Ecostat's SME confidence index measured 51% in May, unchanged from April, but 11 percentage points higher than...

Deals

Rahimkulov raises stake in BorsodChem to 25.16%

Megdet Rahimkulov, the head of ÁÉB Bank Rt and reportedly Hungary's richest man, has raised his direct and indirect stake...

Retail

OBI takes top spot in DIY market

DIY chain OBI Hungary Kft had revenues of Ft 47.5 billion in the fiscal year between May 2004 and April...

Transport

British Airways records 15% revenue rise in Hungary

Revenue of British Airways' office in Hungary increased 15% in the airline's business year ended March 31, largely because of...

Retail

Skandia to expand into Hungary through German unit

Skandia AB, one of Europe's oldest financial services companies, will expand into Hungary through its German subsidiary, Magyar Hírlap reported....

Pharma

BorsodChem completes Ft 1.3 bln expansion

Chemicals company BorsodChem Rt inaugurated a Ft 1.3 billion expansion at its formaldehyde factory on Wednesday....

Deals

KBC Group buys 99.7% of K&H Bank

The State Financial Supervisory Authority (PSzÁF) has approved Belgian KBC Group's plan to acquire a 99.7% stake of K&H Bank...

Pharma

Patai resigns from Magyar Telekom board

Magyar Telekom Nyrt announced on Wednesday that Mihály Patai has resigned from his position on the company's board of directors,...

Transport

Transport volume decreases 1.7% in Q1

Hungary's transport companies carried 1.7% less goods in January-March 2006 compared to the same period of the previous year, but...

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...