Industry

Deals

AutoWallis Group Entering Online Automotive Sales Market

In line with its earlier plans, AutoWallis has acquired Net Mobilitás Zrt., which operates the JóAutók.hu and Autó-Licit.hu portals, leading...

Automotive

Das WeltAuto Used Car Sales Fall to 6,278 in 2022

Das WeltAuto sold 6,278 cars last year, down from 7,442 in 2021, the used car business of Volkswagen importer Porsche...

Retail

Business Assoc Presses for ‘Gradual’ Price Cap Phaseout

The National Association of Businesses and Employers (Vosz) on Wednesday urged a "gradual" rollback of price caps on staples, parallel...

Automotive

BMW Group Sales in Hungary Climb 18% in 2022

BMW Group's new car sales in Hungary rose 18% to 5,267 last year, even as the market as a whole...

Manufacturing

Semcorp Plant in Debrecen ‘on Schedule’

Work on a factory Shanghai-based Semcorp is setting up in Debrecen (225 km east of Budapest) is moving ahead "on...

Transport

Toll Operator Launches Vignette Query Function

Hungary's national toll operator Núsz on Tuesday announced the launch of a motorway vignette query function on its website, according...

Automotive

AutoWallis Group Closed 2022 With Record Sales

Sales of the AutoWallis Group set new records in all the group's divisions and areas in 2022, according to a...

Transport

GreenGo Expands Fleet Over 50%

Car-sharing company GreenGo on Monday said its fleet of electric vehicles grew by over 50% to 500 last year, according...

Automotive

Audi Hungaria Engine Output Climbs to 1,677,545 in 2022

The local unit of German car maker Audi produced 1,677,545 engines at its plant in Győr (108 km northwest of...

Manufacturing

Croatia’s Industrial PPI up in December

Croatia's industrial producer prices rose by 14.9% year-on-year in December, after rising by 17.9% in November, the Croatian Bureau of...

Deals

Regulator Gives Go-ahead for Alteo Buyout

The Hungarian Energy and Public Utilities Regulatory Office (MEKH) has given prior consent for the buyout of alternative energy company...

Retail

Czech Retail Sales Fall in November

Retail sales in the Czech Republic fell for a seventh straight month in November amid the strongest inflation in decades,...

Transport

Volánbusz Reaches Agreement With Union

An agreement was reached between Volánbusz and the Solidarity Bus Transport Union (Szaksz) on the implementation of a uniform fuel...

Manufacturing

Nestlé to Invest HUF 140 bln Into Hungarian Pet Food Plant

Nestlé will invest HUF 140 billion at its pet food plant in Buk (about 172 km west of Budapest), boosting...

Automotive

Toyota Takes 11.7% Market Share in Hungary

Toyota brand dealerships sold 15,102 passenger cars and light commercial vehicles in Hungary last year, giving the Japanese car maker...

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...