Industry

Retail

E-commerce Platform Wish to Compensate Hungarian Users

U.S.-based e-commerce platform Wish has agreed to compensate 100,000-150,000 Hungarian consumers in lieu of paying a fine, the Competition Office...

Manufacturing

Gyermelyi Inaugurates HUF 6.5 bln Mill

Hungarian noodle maker Gyermelyi inaugurated a HUF 6.5 billion mill in Gyermely (about 31 km northwest of Budapest) on Friday,...

Automotive

Audi Hungaria Spins off Shared Services

Audi Hungaria established a subsidiary to provide purchasing, finance, and IT services for the Volkswagen group on Friday, according to...

Manufacturing

Bosch Announces New Investment at Miskolc Site

Bosch, a leading global supplier of technologies and services, is further strengthening its Miskolc site, which is part of its...

Deals

4iG Cleared to Raise Stake in Spacecom

Listed Hungarian IT company 4iG on Thursday said it was cleared by Israel's Ministry of Communications to raise its stake...

Transport

Parking Spot Prices up 27% Last Year

The average price of parking spots in garages in Hungary's capital and other big cities rose 27% to HUF 6.3...

Pharma

Richter Signs Agreement With Mithra on Sales of Donesta

Hungarian pharmaceutical company Gedeon Richter on Wednesday said it signed a license agreement with Belgian peer Mithra for the commercialization...

Transport

György Waberer to Part With Stake in Namesake Haulage Company

Listed hauler Waberer's International on Tuesday said it was notified that Merkport, a member of BDPST Group, agreed to acquire...

Manufacturing

Slovakia Industrial Output Drops in December

Slovakia's industrial production slumped by 13% year-on-year in December, following a 10.8% fall in the previous month, the Bratislava-based Slovak...

Transport

Magyar Posta Decides to Close Over 300 Post Offices for Good

State-owned Magyar Posta on Monday said it decided to close over 300 post offices for good, according to a report...

Deals

MOL Aims for 600 Refueling Stations in Poland in 5 Years 

Hungarian oil and gas company MOL could boost the number of refueling stations it has in Poland to 600 in...

Retail

Price Sensitivity Remains Central in Online Shopping

One of the main drivers of GDP growth is internal consumption, or, more simply put, shopping. The more consumers spend,...

Deals

AML Startup Complytron Acquired by SEON

Hiventures, Hungary's most significant VC, closed another successful exit. Complytron, which offers anti-money laundering (AML) due diligence services, was acquired...

Deals

Hungary M&A Market Grows Over 50% in 2022

The value of mergers and acquisitions in Hungary climbed over 50% to USD 3.24 billion last year, boosted by the...

Transport

Motorway Vignette Sales Climb Over 15 mln in 2022

Motorway vignette sales in Hungary rose 13% close to 15.1 million last year, toll system operator NÚSZ said on Thursday,...

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...