Industry

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

Electrolux to Cease Production at Nyíregyháza Plant

Electrolux will discontinue production at its refrigeration products factory in Nyíregyháza (about 207 km east of the capital) from the...

Retail

Estonian Retail Sales Drop in December 

Estonian retail trade fell by 6.5% year-on-year in December, the fourth straight month of fall in retail sales and the...

Manufacturing

Ganz Closes 2022 With Strong Growth

Ganz Transformers and Electric Rotating Machines says that it closed a very successful year in 2022, strengthening its production capacity,...

Retail

Slovenia Retail Trade Growth Slows in December 

Retail trade in Slovenia rose by 2.8% year-on-year in December, slowing from a 7.4% increase in the previous month, figures...

Manufacturing

Industrial Producer Prices up 34.9% y.o.y. in December

Industrial producer prices in Hungary rose by 34.9% on average in December 2022 compared to one year earlier, according to...

Retail

GVH Fines eMag Operator for Falling Short of Remedial Commitments

Hungary's Competition Office (GVH) on Monday said it fined the operators of online retailer eMag HUF 50 million for failing...

Transport

700 mln Traveled on MÁV-Volán Routes Last Year

Almost 700 million people traveled on routes of the MÁV-Volán group (MÁV-Start, MÁV-HÉV, and Volánbusz) last year, according to profitline.hu....

Retail

Lithuania Retail Sales Decline in December

Lithuania's retail sales decreased for the eighth straight month in December, as both food and non-food sales declined, figures from...

Retail

Tesco, Unions Agree on 15% Wage Rise

The management of the local unit of U.K. supermarket chain Tesco reached an agreement with unions on a 15% average...

Deals

Kazakhstan, Hungary Launch Joint Venture Capital Fund

Hungary's Széchenyi Funds and Kazakh-Singaporean venture capital company Steppe Capital signed a declaration on the establishment of a joint Kazakh-Hungarian...

Automotive

AutoWallis Closes Nelson Group Fleet Management Division Acquisition

After the Hungarian Competition Authority (GVH) granted its approval, AutoWallis' acquisition of the Nelson Group’s fleet management division has been...

Retail

Montenegro’s Q4 Retail Sales Rise on Year, Fall on Quarter 

Montenegro's retail sales rose by a real 11.6% year-on-year in the fourth quarter of 2022, the country's Statistical Office (Monstat)...

Retail

Border Hungarians Fill up Cheaper Abroad

Hungarians gathering fuel for their cars and other vehicles are filling up over the border in neighboring countries to avoid...

Manufacturing

Lithuania Industrial Output Falls in December 

Industrial production in Lithuania fell by 7.7% in December, after showing no growth in the previous month's revised figure, data...

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...

Hungary’s First Mr D.I.Y. Store to Open at Köki Alongside Popeyes

Budapest’s Köki shopping center will welcome Hungary’s first Mr D.I.Y. store and the country’s fourth Popeyes restaurant in November. Footwear...

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...