Industry

Automotive

Electric, Hybrid Vehicles to Take the Lead in Europe Within 4 Years

Sales of electric and plug-in hybrid cars in Europe will surpass sales of those equipped with other engine types by...

Retail

Auchan Magyarország Raises Monthly Pay by HUF 32,000

Auchan Magyarország will raise the gross monthly pay of all full-time employees by HUF 32,000 from January, the French-owned supermarket...

Transport

Budapest Raises Taxi Fares by 10%

The Municipal Council of Budapest voted on Wednesday to raise regulated taxi fares in the capital by 10% from March...

Transport

Főtaxi Cabs Carry One-Third More Fares in 2022

Főtaxi cabs carried one-third more fares in 2022, the company told state news wire MTI....

Transport

Ryanair Expansion in Budapest Hinges on Court Decision, Says CEO  

Michael O'Leary, the CEO of Ryanair, on Tuesday said the Irish low-fare carrier would expand its base in Budapest and...

Retail

Poland Retail Sales in December Decrease on Year 

Retail sales growth in Poland eased notably to 0.2% in December from 1.6% in November, data from the Central Statistical...

Retail

Primark to Open 1st Store in Hungary in Near Future

International fashion retailer Primark has announced that it will open its first Hungarian store in Budapest in the company's next...

Manufacturing

Moldova’s Nov Industrial Output Drops on Year, but Jumps on Month 

Industrial production in Moldova shrank 6.5% year-on-year in November, following a downwardly revised 13.7% drop in the previous month, and...

Retail

GVH Launches Dairy Market Probe

Hungary's Competition Office on Friday announced the launch of an accelerated probe of the dairy market to determine if restrictions...

Automotive

Mercedes-Benz Manufacturing Hungary Workers Get Profit-Sharing Bonus

Workers at German car maker Mercedes-Benz's plant in Kecskemét (82 km southeast of Budapest) will get a gross HUF 870,000...

Automotive

Investment Prospects from China to Lift Automotive Sector in 2023

2023 comes with a challenging outlook, and the automotive industry seems likely to remain vulnerable to economic headwinds. However, for...

Transport

Wizz Air Launches New Routes to Turkey

Discount airline Wizz Air is launching new routes from Hungary to Turkey. The airline will add Istanbul and Antalya to...

Retail

Competition Office Launches Probe of Food Retailers

Hungary's Competition Office (GVH) on Wednesday said it is conducting a probe of the retail food sector to weed out...

Retail

E-commerce Expectations Unfavorable

Unprecedented pessimism prevails among internet retailers, the leading partner of GKID, Norbert Madár, told business daily Világgazdaság....

Manufacturing

Masterplast Acquires Peer With Glass Wool Plant in Pipeline

Listed building materials maker Masterplast on Wednesday said it signed a contract to acquire Pimco, a company in the process...

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...