Industry

Transport

GVH Launching Investigation Against Wizz Air

The Economic Competition Authority (GVH) has launched an investigation against the airline Wizz Air on the suspicion that it may...

Retail

Czech Retail Sales Fall in December

The Czech Republic's retail sales continued its declining trend in December, data from the Prague-based Czech Statistical Office (CZSO) showed...

Deals

Alteo Board Advises Against Accepting Buyout Offer

The board of listed alternative energy company Alteo recommended shareholders not accept a buyout offer in an opinion issued on...

Retail

Slovak Retail Sales Rebound in December

Retail sales in Slovakia went up 2.7% year-on-year in December, the first increase since July, following a 1.4% decline in...

Manufacturing

Estonia Industrial Production Slumps on Year in December 

Estonia's industrial production continued to decline sharply at the end of the year, data from Tallinn-based Statistics Estonia (SE) showed...

Deals

Watchdog Clears Alteo Buyout

The National Bank of Hungary (MNB) has approved a mandatory public purchase offer for the shares of alternative energy company...

Transport

Budapest Airport Recovers 75% of Pre-COVID Traffic in 2022

Ferenc Liszt International operator Budapest Airport called 2022 an extremely challenging, yet very successful year, noting that the company managed...

Retail

Bosnia’s Federation Retail Sales up in December

Retail sales in Bosnia's Federation rose by a real 2.2% on the year in December, after expanding by a revised...

Deals

Graphisoft Park, OXO Shares to Trade in Euros From Feb 15

Shares of Graphisoft Park, which owns and operates a business park in the north of the capital, and OXO Technologies...

Manufacturing

Nippon Paper to Invest HUF 15 bln in Plant in Hungary

The chemicals business of Japan's Nippon Paper Industries will invest around HUF 15 billion to build a plant in Hungary...

Retail

Retail Sales Down 3.9% y.o.y. in December 2022

In December 2022, the volume of sales in retail trade in Hungary decreased by 4.8% according to raw data, and...

Pharma

Pécs Uni, Richter Partner on Cryo-EM Center

The University of Pécs is acquiring a cryogenic electron microscope and setting up a cryo-EM competency center at a cost...

Transport

Egypt Raises Order of Hungarian Rolling Stock to EUR 1.1 bln

Egypt's state-owned railway company has added another 50 carriages to a 1,300-unit order from a Hungarian consortium, raising the value...

Manufacturing

Poland Factory Activity Sustains Contraction in January

Poland's manufacturing Purchasing Managers' Index, or PMI, rose to 47.5 in January 2023 from 45.6 in December, survey data from...

Manufacturing

Gov’t Steps in to Make Payroll for Troubled Dunaferr

The government has decided to cover payroll for troubled steel maker Dunaferr for a period of six months, Prime Minister...

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...