Industry

Pharma

Hungarian exporters up cheese sales to Arab markets

Hungarian cheese exporters have boosted their sales to the Arab world, benefiting from the ban imposed on Danish imports in...

Pharma

Provertha to extend investment in Hungary

Car and electronics industry subcontractor Provertha Electronic Components Rt will carry out a €8 million-€9 million investment in Hungary, business...

Deals

Group IDs takeover risks for OTP

OTP Bank Rt will have to face a potential takeover by an international heavyweight in the future unless it can...

Deals

Fotex boosts stake in Domus to 98.64%

Retailer and holding company Fotex Rt announced on Wednesday it had raised its direct and indirect stake in furniture unit...

Deals

MÁV officially signs with Bombardier

Hungarian state railways MÁV Zrt yesterday formally signed a deal with Canadian-German Bombardier to buy 10 of its Talent suburban...

Pharma

EDS to invest Ft 11 bln in Hungary over three years

US independent systems management and services company Electronic Data Systems (EDS) plans to invest Ft 11 billion in Hungary over...

Deals

Raiffeisen International reduces stake in Synergon

Raiffeisen International Bank AG's Hungarian unit reduced its stake in Synergon Rt, the country's biggest independent computer-services company....

Deals

Erste unit Portfolio raises stake in Synergon to 5.14%

Portfolio, a 100% subsidiary of Erste Bank investment arm Erste Bank Befektetési, has raised its stake in IT company Synergon...

Deals

Central bank leaves key rate unchanged at 6%

The National Bank of Hungary (MNB) left its 6% benchmark interest rate unchanged for a sixth month at its Monday...

Deals

Hollóház expects small profit in 2006

Majority state-owned porcelain maker Hollóház expects a small profit in 2006, after four years of losses, business daily Napi Gazdaság...

Deals

Albacomp CEO to resign

Deals

OTP declines bidding for Splitska

OTP Bank Rt decided not to submit a binding bid for a 99.75% stake in HVB Splitska banka d.d. because...

Retail

Charles Vogele opens first shop in Hungary

Charles Vogele Holding, a Swiss maker of fine clothing, has opened its first shop in Hungary, in Veszprém, northwest Hungary,...

Deals

Pannonplast establishes plastics venture with Prettl

Pannonplast Rt, a maker of plastic packaging, will form a venture with Prettl Management Service GmbH so the German company...

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...