Industry

Deals

MÁV, GYSEV to set up joint freight company

State-owned railway company MÁV Zrt and GYSEV Zrt, a railway company operating a line between Hungary and Austria which the...

Pharma

Richter plans no acquisitions, looks to Russia for growth

Pharmaceuticals company Richter Gedeon Rt is planning no acquisitions, rather it aims to grow organically relying on its markets in...

Retail

Domus rents six stores to Tesco

Furniture chain Domus Rt signed a contract to lease six of its stores to Tesco Global Stores Zrt, Domus announced...

Pharma

Richter wins suit against Vietnamese companies

Pharmaceuticals company Richter Gedeon Rt won a competition lawsuit against two Vietnamese companies it accused of copying one of its...

Automotive

Grundfos to expand Hungarian operations

Danish pump maker Grundfos will expand its manufacturing plant in Tatabánya, west Hungary and build a factory in Székesfehérvár, Carsten...

Deals

Vodafone appoints CEO of Hungarian unit to head Turkish acquisition

Attila Vitai, the head of Vodafone's unit in Hungary, has been appointed CEO of Turkey's Telsim, which Vodafone acquired at...

Deals

Mol completes sale of gas units to E.ON

Hungarian oil and gas company Mol Rt completed the sale of two gas units to Germany’s E.ON AG on Friday,...

Deals

ING to use Hungarian unit to set up subsidiary in Bulgaria

Dutch insurer ING announced on Thursday it would use its Hungarian unit, ING Insurance Rt, to set up a subsidiary...

Deals

Credit Suisse BUBOR Plusz Fund assets reach Ft 2.5 bln

Assets in the Credit Suisse BUBOR Plusz Fund, started by the Hungarian fund manager of Credit Suisse Asset Management (CSAM)...

Deals

Budapest takes out Ft 25 bln OTP loan

The Budapest City Council announced Friday that it signed on for a Ft 25 billion loan contract with OTP Bank...

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...