Industry

Automotive

March industrial output up preliminary 11.3% yr/yr

Hungary's industrial output rose 1.5% in March from February according to seasonally and workday-adjusted figures and was up 11.3% in...

Pharma

Selco to build Ft 150 mln electronics plant

Austrian-owned Selco Electronics Kft has approved a greenfield investment worth Ft 150 million in which the company will build a...

Transport

Malév passenger numbers up 11.7% yr/yr in Q1 2006

Hungarian airline Malév Rt carried 11.7% more passengers on scheduled flights in the first quarter of 2006 than in the...

Retail

Praktiker profits up 1.5% in 2005 on stagnating market

German do-it-yourself store Praktiker's profits in Hungary increased 1.5% in 2005 and revenue rose to Ft 44 billion in spite...

Deals

NABI names new chairman

Busmaker NABI Rt's recently elected board of directors named Attila Czöndör as the new chairman of the company, business daily...

Deals

Napi Gazdaság not for sale

The owners of leading Hungarian business daily Napi Gazdaság are not planning to sell the paper in the next two...

Retail

Delphi to downsize in Szombathely

Delphi Hungary Kft, the Hungarian arm of motor components manufacturer Delphi, decided on sacking 400 people out of its total...

Pharma

Béres opens Ft 250 mln distribution center

Drug company Béres Rt opened a Ft 250 million, 1,100-square-meter distribution center in Szolnok, central Hungary, yesterday....

Deals

Management consultancy industry worth €240 mln in 2005

Hungarian management consultancies had combined revenue of €240 million in 2005, up from €220 million a year earlier, president of...

Deals

Nearly 100,000 jobs available in April

Hungary's labor centers reported nearly 100,000 jobs available in April, the state employment service said on Wednesday....

Automotive

Suzuki plant boosts output 54% in 2005

Production volume at Magyar Suzuki Rt's plant in Esztergom, north Hungary increased 54% in the first quarter compared to the...

Transport

Blue1 launches Budapest-Helsinki flight

Finnish airline Blue1 launched on May 1 a scheduled flight between Helsinki and Budapest, to operate three times every week,...

Deals

Graphisoft AGM approves separation of software, real estate activities

Shareholders at Graphisoft Rt's annual general meeting on April 28 approved the board's proposals to separate its software development activities...

Pharma

AAM revenue increases 38% in 2005

AAM Zrt, an independent management and IT consultancy company, said it had revenue of Ft 2.322 billion in 2005, 38%...

Deals

Synergon boosts stake in Czech subsidiary

IT company Synergon Rt announced late on Friday it had increased its stake in its Czech unit Infinity SA from...

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...

Automotive

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...

Retail

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...

Deals

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...

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...

Transport

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...

Automotive

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,...

Transport

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...

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...

Retail

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...

Pharma

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...

Pharma

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...

Retail

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...

Manufacturing

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...