Industry

Pharma

Cisco to triple workforce in Budapest

US network equipment maker Cisco Systems plans to triple the number of employees at its unit in Hungary in the...

Automotive

Rába signs contract covering 30% of military offset deal

Vehicle maker Rába Jármű Kft has signed a contract with the Ministry of Economy and Transport covering 30% of an...

Deals

Deutsche Balaton submits buyout offer for Hungagent to PSzÁF

Deutsche Balaton AG announced on Friday it had submitted a public purchase offer for all outstanding shares of asset management...

Automotive

Industrial output up 11.6% yr/yr in February

Hungary's industrial output was unchanged in February compared to January, and was up 11.6% according to both workday adjusted and...

Deals

Venture capital investments reach record level in 2005

Venture capital investments in Hungary totaled more than €131 million in 2005, more than in any year previous, according to...

Deals

March fiscal deficit Ft 91 bln over FinMin forecast

Hungary's general government deficit was Ft 353.7 billion (€1.33 billion) in March, Ft 91.1 billion over the Finance Ministry's forecast...

Deals

Mol sells remaining treasury shares

Hungarian oil and gas Mol Rt will sell its remaining 1.4 million treasury shares to BNP Paribas SA, Mol announced...

Pharma

Ablon opens €28 mln Buy-Way shopping center

Ablon, a property developer owned by Immoconsult, the real estate project financing company of Austria's Volksbank, opened a €28 million...

Deals

Mol swaps gas stations in Romania

Hungarian oil and gas company Mol Rt announced yesterday it had signed an agreement with Romania's SNP Petrom and the...

Retail

Joint Venture Association elects Fekete as new president

Hungary's Joint Venture Association said on Thursday it elected former vice president István Fekete as its new president at its...

Deals

Magyar Telekom acquires Dataplex

Magyar Telekom Nyrt on Wednesday said it closed the transaction to acquire IT services company Dataplex Kft....

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...