Industry

Manufacturing

AR-Robotics Wins HUF 677 mln in EU Support for Upgrade

Sheet metal products maker AR-Robotics has won around HUF 677 million in European Union support covering half of the cost...

Manufacturing

Masterplast Issues Profit Warning

Listed building materials company Masterplast said it had a loss in the fourth quarter and put full-year net profit at...

Retail

Retail Sales Grew by 0.6% y.o.y. in November

In November 2022, the volume of retail trade in both raw and calendar-adjusted data was 0.6% higher than in the...

Manufacturing

Romanian Producer Inflation Falls in November 

Romania's industrial producer prices increased by 35.1% year-on-year in November due to strong growth in utilities, mining, manufacturing and water...

Automotive

Greenline Premium Car Wash to Open at Academia

With the Academia project, ConvergenCE will be the first to obtain the Belváros Well Platinum certification. One of the important...

Manufacturing

Latvia Industrial Output Rebounds in November

Latvia's industrial production rose 4.5% year-on-year in November, rebounding from a 2.7% fall in the previous month, data from the...

Retail

Age Groups Differ in Shopping, Delivery Preferences

In the past year, 56% of those who ordered online said they prefer personal, in-store shopping, but there are significant...

Retail

Serbian Retail Trade Slows in November

Serbia's retail sales increased by a real 1.3% year-on-year in November after recording a 5% annual rise in October, the...

Automotive

Imported Used Car Registrations Fall 4.6% in 2022

The number of imported used cars registered in Hungary fell 4.6% to 126,094 last year, listings site JoAutok.hu said on...

Automotive

Suzuki Leads Auto Market for 7th Straight Year

Japanese car maker Suzuki led Hungary's new car market for the seventh year in a row in 2022, Magyar Suzuki...

Retail

Estonia Retail Sales Fall in November

Estonia's retail sales continued to decline in November, led by a slump in sales at stores selling manufacturing goods, data...

Deals

Members of Klient Group to Continue Operations as Single Firm

Klient group, providing complex business and financial consulting services, will continue operating as a single company under the name of...

Automotive

New Car Registrations Fall 8.5% in 2022

The number of new passenger car registrations in Hungary fell 8.5% to 111,524 in Hungary in 2022, the Hungarian Association...

Pharma

Richter Issues Profit Warning 

Hungarian pharmaceutical company Gedeon Richter said a windfall profit tax on drugmakers introduced by the government on Friday will add...

Transport

Volánbusz Calls Tenders for 360 Buses

Volánbusz could take delivery of 360 buses next year, the state-owned bus company said on Friday, state news wire MTI....

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...