Industry

Deals

Industrial output up adjusted 11% yr/yr in January

Hungary's industrial output rose by a seasonally and working day-adjusted 1.3% in January from December 2005 and was up by...

Deals

OTP to finance 10 new MÁV trains

OTP Bank Rt has won the tender to finance the purchase of 10 new Bombardier Talent trains for Hungarian Railways...

Retail

C&A expansion continues in spring

Clothing retailer C&A will open its 11th store in Budapest on March 16, the company announced....

Pharma

ITDH head appointed WAIPA regional director

International Trade Development Hungary (ITDH) head György Rétfalvi has been appointed World Association of Investment Promotion Agencies (WAIPA) regional director...

Deals

E.On offers Hungarian assets for Russian gas field

German utilities company E.ON AG has offered Russia's OAO Gazprom a part of its assets in Hungary in exchange for...

Retail

Fitness guru to open fast food restaurant

Fitness guru Norbert Schobert will open a fast food restaurant in Moszkva tér in District 2, eventually planning to grow...

Automotive

Rába signs contract with Defense Min

Vehicle maker Rába Nyrt said yesterday it signed orders with the Defense Ministry on Wednesday to supply military vehicles worth...

Deals

Synergon to sell Voyence in Hungary, Czech Republic

Synergon Rt, the biggest independent Hungarian computer services company, signed a contract with Voyence Inc. to sell the U.S. company's...

Deals

PSzÁF approves appointment of soon-to-be CEO to HVB Bank Hungary board

Hungary's financial market regulator announced on Monday it had approved on February 17 the appointment of Mihály Patai to HVB...

Deals

BÉT to offer gold contracts

The Budapest Stock Exchange (BÉT) plans to start trading futures contracts in gold in the second half of April, business...

Retail

German video game maker sets up JV with Digital Reality

German video game company CDV Software Entertainment and Hungarian peer Digital Reality Kft have set up a 50%-50% joint venture...

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...