Industry

Deals

Unicum and Busatti Team Together to Brighten the Summer With Elegant Interior Textiles

Home-grown and iconic liqueur and spirit maker Zwack Unicum Nyrt. has joined forces with Toscaneria Kft., representing the Italian textile...

Automotive

Continental Celebrates 3 Decades of Automotive Innovation at Veszprém

Continental in Veszprém is celebrating its 30th anniversary this year. Thanks to developments over the past decades, the automotive technology...

Manufacturing

Moldova Industrial Production Plunges in April

Industrial production in Moldova plunged by 10.7% year-on-year in April, following a marginally revised 4.6% drop in March, economic portal...

Manufacturing

Huayou Cobalt Building HUF 520 bln Cathode Plant

China's Huayou Cobalt will build a HUF 520 bln cathode plant in Ács (95 km northwest of Budapest), Minister of...

Deals

Trade in Shares of Budapest Stock Exchange Starts

Trade in the shares of the Budapest Stock Exchange (BSE) started on the bourse on Wednesday, according to a report...

Automotive

Audi, Hungary Cooperation ‘Real Success Story’ – Szijjártó

Minister of Foreign Affairs and Trade Péter Szijjártó said the cooperation between Hungary and German carmaker Audi was a "real...

Transport

Work Starts on Middle Stretch of M4 Motorway

Construction of a 34 km stretch of the M4 motorway, which runs from the capital to Hungary's eastern border, was...

Transport

Shanghai Airlines Launches Ningbo-Budapest Flight

Shanghai Airlines' first direct flight between Ningbo and Budapest arrived at Liszt Ferenc International late Monday, according to a report...

Manufacturing

MOL Reaches Another Milestone in Construction of Polyol Plant

Hungary's MOL has successfully fed propylene oxide into a pilot plant at a EUR 1.3 billion polyol production base it...

Retail

Online Stores Prioritize Customer Experience as Growth Stalls

The super-fast growth of online trade during the coronavirus pandemic has stalled, and its share in total trade has also...

Transport

Wizz Air to Launch Budapest-Cairo Flight

Hungarian low-fare carrier Wizz Air on Thursday announced the launch of a direct flight between Budapest and Cairo from October...

Manufacturing

Romania Industrial Output Falls in April

Industrial production in Romania declined 4.7% year-on-year in April slipping further from a downwardly revised 3.6% fall in March, the...

Automotive

Magyar Suzuki Striving to be the Best Employer in the Region

Its employees are the most important strength of Magyar Suzuki. The company has done a lot in recent years to...

Transport

MÁV-Volán Changes to Summer Schedule This Weekend

After the preseason, the main season schedule of the MÁV-Volán group will come into effect on June 17, the company...

Deals

OTP Closes Acquisition of Majority Stake in Uzbek Lender

OTP Bank, Hungary's biggest commercial lender, announced on Tuesday the close of the acquisition of a 73.71% stake in Uzbekistan's...

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...

Ryanair Adds 12th Budapest Aircraft and Eight Routes for Winter

Ryanair will base a 12th aircraft in Budapest for its winter 2026 schedule, operating 54 routes, including eight new connections,...

Michelin Celebrates 30th Anniversary of Presence in Hungary

Michelin celebrated the 30th anniversary of its presence in Hungary at an anniversary event at its Nyíregyháza facility (231 km...

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...