Industry

Manufacturing

Slovak Industrial Output Falls in January 

Industrial production in Slovakia declined 8.6% year-on-year in January, following a downwardly revised 10.7% fall in the previous month, data...

Transport

M3 to Run on Complete Line From Next Week

From the afternoon of Monday, March 20, Metro Line 3 will once again run on the entire line between Kőbánya-Kispest...

Manufacturing

Márka Üdítőgyártó Installs HUF 1 bln Bottling Line

Hungarian soft drink maker Márka Üdítőgyártó has finished installing a close to HUF 1 billion bottling line at its base...

Transport

Domestic Passenger Volume Climbs 26% in 2022

Domestic passenger volume in Hungary climbed 26% to 17.9 billion passenger-kilometer last year, according to data released by the Central...

Manufacturing

Wellis in Talks With Potential Minority Equity Partners

Hungarian hot tub maker Wellis Hungary said it is negotiating with potential minority equity partners in an investor presentation posted...

Automotive

Wage Negotiations Continue at Audi

Wage negotiation between delegations representing the employer and employees continued at Audi in Győr (120 km northwest of Budapest), writes...

Retail

Croatia Retail Sales Rebound in January

Croatia's retail sales volume rose by a real 1.1% on the year in January, following a dip of 0.8% in...

Transport

Budapest Bike Share Scheme Expands Service

Budapest's Mol Bubi bike-sharing scheme, operated by the Budapest Public Transport Center (BKK) with the support of Hungarian oil and...

Automotive

2/3 of Hungarians Underestimate Car Repair Costs

Some 66% of Hungarians underestimate the repair costs of basic damage and minor accidents to their cars, according to a...

Manufacturing

Latvia Industrial Output Falls in January

Industrial production in Latvia shrank by 9.8% year-on-year in January, following a 4.4% drop in the previous month, figures from...

Retail

Slovak Retail Sales Slow in January

Retail sales in Slovakia edged up 0.1% year-on-year in January, slowing sharply from a 2.7% gain in the previous month,...

Deals

Trive Financial Holding Acquires Sopron Bank

Trive Financial Holding, based in the Netherlands, has acquired Hungary's Sopron Bank, Trive said in a press release on Tuesday,...

Manufacturing

Hungary Industrial Production Down in January

The volume of industrial production in Hungary declined in January 2023 by 0.2% year-on-year accoring to raw data and fell...

Retail

Estonian Retail Sales Drop in January 

Estonian retail trade dropped by 6.9% year-on-year in January, following a 6.5% fall in the previous month, data released by...

Retail

Retail Sales Down 4.5% y.o.y. in January

In January 2023, the volume of sales in retail trade in Hungary decreased by 3.9% according to raw data, and...

Manufacturing

Coca-Cola HBC Hungary Announces Record HUF 35 bln Expansion

Coca-Cola HBC Magyarország announced a HUF 35 bln investment to expand its Dunaharaszti production center on Wednesday, marking its largest...

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...

Coca-Cola HBC Hungary Announces Record HUF 35 bln Expansion

Coca-Cola HBC Magyarország announced a HUF 35 bln investment to expand its Dunaharaszti production center on Wednesday, marking its largest...

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...