Industry

Transport

Wizz Air Launches Flights From Budapest to Saudi Arabia

Discount airline Wizz Air has launched two new flights to Saudi Arabia from Budapest this week, according to a press...

Deals

Neuzer to Set up E-bike JV With Chinese Partner

Neuzer Kerékpár, the country's biggest Hungarian-owned bicycle maker, will soon set up a joint venture with a Chinese partner to...

Retail

Bulgaria Retail Trade Growth Accelerates in November

Bulgaria's retail sales at constant prices, except for motor vehicles and motorcycles, increased by 4.7% year-on-year in November, after inching...

Manufacturing

Slovenia Industrial Output Drops for 2nd Month in November

Slovenia's industrial production fell 3.6% year-on-year in November, after a 0.1% annual rise in October, data released by the Statistics...

Retail

Watchdog Levies Maximum Fine on Slovakian Elf Bar Seller 

Hungary's Competition Office (GVH) on Thursday said it fined Yzer, a Slovakian business, HUF 68 million - the maximum allowed...

Transport

Share Now Users Drive 8 mln Kilometers in 2022

In 2022, car-sharing company Share Now's users drove some 8 million kilometers, about twice the amount registered the year before,...

Transport

Budapest Airport’s E-charger Infrastructure Expanding With EU Support

In 2022, Budapest Airport applied for the European Union’s CEF 2 Transport - Alternative Fuels Infrastructure Facility funding program with...

Retail

Romanian Retail Sales Slow in November 

Retail sales in Romania increased by 3% year-on-year in November, easing from a downwardly revised 4.1% growth in the prior...

Manufacturing

Czech Industrial Output Growth Eases Sharply in November

The Czech Republic's industrial production expanded at the slowest pace in four months in November, largely due to a plunge...

Deals

EPS-Global Enters Portuguese Market

Hungary's EPS-Global, which makes parking management software for municipal councils and companies, has entered the market in Portugal, according to...

Manufacturing

Hungary Industrial Output Rises 0.5% y.o.y. in November

The volume of industrial production in Hungary grew by 0.5% year-on-year in November, according to raw data published by the...

Manufacturing

Electrolux to Lay off Part of Employees at Satu Mare plant, Romania

Appliance manufacturer Electrolux will lay off part of the employees working at its cooker factory in Satu Mare, northwest Romania,...

Manufacturing

Serbia Producer Inflation Slows in November 

Serbia's industrial producer prices on the domestic market rose by 13.3% year-on-year in December, after growing by an annual 15.3%...

Automotive

Erste: Margin Doubling Causing Fuel Price Increase

It is not oil, nor oil products, nor the exchange rate that explains the increase in fuel prices in Hungary,...

Automotive

Number of New Motorcycles up 13% y.o.y.

The number of new motorcycles sold in Hungary increased by nearly 13% in 2022, thus continuing an upward trend that...

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...