Industry

Deals

TriGránit appoints new president

Nathaniel Rothschild has been appointed chairman of the board of Hungary-based construction and property developer company TriGránit Rt, and former...

Retail

BBJ conference focuses on tourism sector developments

The BBJ’s “Investment and Tourism” conference held last Thursday at the Corinthia Grand Hotel Royal focused on tourism projects, details...

Transport

Czech low cost airline to fly from Budapest

Smart Wings, a Prague-based budget airline, plans to open a second base in Budapest by October, a company official announced...

Pharma

Bosch sparks increased investment, jobs

German automotive, industrial, and consumer goods manufacturer Bosch announced that it would create around 700 new jobs in Hungary by...

Automotive

Petrol consumption up 4%-6% in Q1

Hungarian oil and gas company Mol Rt estimates 330,000 tons of petrol and 520,000 tons of diesel were consumed in...

Deals

Agrimill-Agrimpex pays Ft 1.37 bln dividend

Shareholders of grain storage company Agrimill-Agrimpex Rt approved at an annual shareholders' meeting on Tuesday payment of a Ft 1.375...

Deals

Hungary to complete sewage projects worth Ft 651 bln by 2015

Hungary will complete Ft 651 billion (€2.47 billion) worth of communal sewage disposal and purification projects by 2015 to meet...

Retail

Tesco revenue increases 14% in 2005

Tesco Global Stores Zrt, the Hungarian unit of UK retailer Tesco, had revenue of Ft 473 billion in 2005, 14%...

Deals

Kopint-Datorg sees urgent need for Ft 500 bln fiscal adjustment

Economic research institute Kopint-Datorg sees an urgent need to prepare a Ft 500 billion deficit reduction package, analysts at the...

Retail

Asko makes its move in Hungary

Turkish home improvement chain Asko is set to enter the Hungarian furniture market soon, business daily Napi Gazdaság reported....

Deals

BorsodChem CEO resigns after 15 years

László F. Kovács, CEO of chemicals company BorsodChem Rt, resigned today, the company said in a stock exchange statement....

Automotive

Retail sales volume up adjusted 5.9% yr/yr in January

Retail sales volume increased a calendar year-adjusted 5.9% year on year in February, the Central Statistics Office (KSH) reported on...

Deals

Household paper market expands 9% in 2005

Hungary's market for tissues, toilet paper and paper towels expanded 9% to more than Ft 30 billion in 2005, according...

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...