Industry

Pharma

Roche Launches Breast Cancer Screening Initiative With Partners

Roche Hungary announced a broad collaboration in the healthcare sector and among other large companies to increase the number of...

Manufacturing

Poland Factory Activity Downturn Eases in February

Poland's manufacturing Purchasing Managers' Index, or PMI rose to 48.5 in February from 47.5 in January, survey data from S&P...

Retail

Serbia’s Retail Sales Growth Accelerates in January

Serbia's retail sales increased by a real 1.8% year-on-year in January after recording a 0.2% fall in December, the Belgrade-based...

Retail

Lithuania Retail Sales Climbs on Year in January

Retail sales in Lithuania grew by 3.1% year-on-year in January, recovering from a 5.9% fall in December, figures from Statistics...

Manufacturing

Industrial Producer Prices Up 35% y.o.y. in Jan 2023

Industrial producer prices in Hungary were 35% higher on average in January 2023 than one year earlier, according to data...

Automotive

Continest Technologies, Partners Present Mobile EV Charging Station

Hungary's Continest Technologies, which makes foldable containers that can be used as temporary accommodations, offices, or first aid stations, presented...

Pharma

Richter Earnings Climb 11% in 2022

Net income of Hungarian pharmaceutical company Gedeon Richter rose 11% to HUF 155.6 billion last year, boosted by higher revenue...

Transport

MÁV Puts Last of Stadler KISS Trains Into Service

MÁV-Start, the passenger division of state-owned railway company MÁV, has put the last of 40 Kiss double-decker trains from Switzerland's...

Deals

4iG Raises Stake in Spacecom to 20%

Listed Hungarian IT company 4iG on Friday said it raised its stake in Israeli satellite company Space Communications from 9.538%...

Automotive

Hungarian Tire Market Recovered Last Year

Despite changing circumstances and inflation, the Hungarian tire market was able to strengthen last year, as sales indicators reached pre-coronavirus...

Automotive

Rába Profit Falls on Slimmer Margins, Financial Loss

Hungarian automotive industry company Raba's after-tax profit fell 51% to HUF 0.6 billion last year, an earnings report published after...

Retail

Poland Retail Sales Fall in January

Poland's retail sales, at constant prices, dropped 0.3% year-on-year in January, reversing a 0.2% slight rise in December, figures from...

Transport

Fuel Prices to Fall Further on Friday

The wholesale price of both gasoline and diesel in Hungary is set to fall by HUF 6 per liter on...

Manufacturing

Polish Industrial Output Grows Further in January 

Industrial production in Poland accelerated to 2.6% year-on-year in January, following a 1% gain in the prior month, the Warsaw-based...

Transport

56% of Hungarians Own a Bicycle

More than half of the Hungarian population already owns a bicycle or a scooter, according to OTP Mobil, writes the...

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...