Industry

Pharma

Co-op reports Ft 375 bln revenue in 2005

Hungarian supermarket group Co-op had revenue of Ft 375 billion in 2005, including Ft 253 billion generated by sales at...

Deals

TVnet offers symmetric DSL service

Internet service provider TVnet Kft has launched a third-generation symmetric broadband service under the name SDSL, the company announced on...

Deals

Ikarus to establish bus joint venture in China

Hungarian bus maker Ikarus Rt will establish a joint venture with Datong Hongye Investment Holding to manufacture buses in China,...

Deals

Number of fixed lines continues to drop in February

There were 3.435 million fixed line telephone connections in Hungary at the end of February, 10,000 fewer than one month...

Pharma

Mevaco to relocate production to Hungarian unit

German metals processor Mevaco GmbH will relocate some of its production to Hungary from Germany, Napi Gazdaság reported, citing a...

Deals

Alstom, Transelektro win metro tender with €247 mln bid

The Budapest public transport company BKV Rt announced a consortium of France's Alstom Transport and Hungary's Ganz Transelektro Rt as...

Deals

Finance Ministry forecasts Ft 110.5 bln May deficit

The Finance Ministry announced on Friday it forecasts a general government deficit, excluding local councils, of Ft 110.5 billion in...

Deals

Hungary to spend Ft 7.5 bln repairing motorways in 2006

Hungary plans to spend Ft 7.5 billion forint repairing sections of motorways this year, Napi Gazdaság reported, citing the State...

Pharma

US companies consider investments worth $200 mln in Hungary

ITD Hungary, a state-run agency which promotes investments in Hungary, is assisting US companies which are considering making investments of...

Pharma

Cushman and Wakefield to organize leases at Arena Plaza

Israeli property developer Plaza Centers announced it has commissioned the Hungarian unit of Cushman and Wakefield to be the exclusive...

Deals

Budapest Alapkezelő launches closed-end fund

Budapest Alapkezelő, Budapest Bank Rt's fund manager, is offering for subscription units in a new closed-end fund, called Világválogatott (World...

Deals

Fujitsu Siemens revenue in Hungary increases 42%

The Hungarian unit of Fujitsu Siemens Computers had revenue of €45.8 million in its business year ended March 31, 42%...

Retail

Origo online ad revenue grows faster than industry average in Q1

Online advertising revenue of origo, one of Hungary's biggest internet portals, increased more than the industry average in Q1 2006,...

Retail

President officially opens parliament

Hungary's new Parliament was officially formed on Tuesday, after all 386 members took their formal oath of office....

Deals

Tesco appoints new CEO at Hungarian unit

Tesco Global Stores Zrt, the Hungarian unit of UK supermarket giant Tesco, will have a new CEO from August 1,...

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...