Industry

Deals

State to Buy out Talanx Stake in Magyar Posta Insurance Businesses

State-owned Corvinus International Investment Company has signed a contract to acquire 66.9% stakes in the life and general insurance units...

Transport

Number of Road Accidents Involving Injury Falls in Q3

The number of road accidents involving injury in Hungary reached 4,246 in the third quarter, falling 4.3% from the same...

Retail

Poland Retail Sales Growth Improves in November 

Poland's retail sales growth improved in November, largely driven by a surge in sales of textiles, clothing and footwear, figures...

Deals

Employers, Unions Sign Minimum Wage Agreement

Representatives of employers and unions signed an agreement on next year's minimum wage rise on Wednesday, according to a report...

Manufacturing

Poland Industrial Output Slows in November

Industrial production in Poland increased 4.6% year-on-year in November, easing from a downwardly revised 6.6% rise in the previous month,...

Retail

Aldi Magyarország Staff to Get Another Pay Rise From January 

The local unit of German discount chain Aldi will raise staff pay by 10% from January 1, Aldi Magyarország said...

Retail

Stop Shop Celebrates 20th Anniversary in Hungary

The first Stop Shop retail park opened in Hungary 20 years ago, followed by a number of shopping centers in...

Transport

Slowdown of Passenger Traffic at Budapest Airport Continues

In November, the slowdown in traffic at Budapest Ferenc Liszt International Airport, which started in October, continued; after 80-81% in...

Deals

Watchdog Suspends Clearance of Alteo Buyout

The National Bank of Hungary (MNB) has suspended a clearance procedure for a mandatory public purchase offer for shares of...

Manufacturing

Moldova Producer Inflation Eases in November

Producer price inflation in Moldova slowed 28.1% year-on-year in November from 34.9% in the previous month, economic portal Trading Economics...

Manufacturing

Companies Taking Over Troubled Tungsram Bases, Workers

Other companies will take over the bases, and close to 500 workers of Tungsram Operations, which is under liquidation, state...

Deals

Bauwert Enters Strategic Partnership With Wing, Griffin Capital Partners

Berlin-based property developer firm Bauwert AG is entering a strategic partnership with the Hungarian Wing Group, as well as the...

Pharma

Richter Signs Term Sheet With Mithra for Sales of Donesta

Hungarian pharmaceutical company Gedeon Richter on Tuesday said it signed a binding term sheet with Belgian peer Mithra Pharmaceuticals on...

Manufacturing

Ganz Supplies Intelligent Transformers to Domestic and Int’l Markets

The first intelligent transformer of Ganz Transformers and Electric Rotating Machines Ltd. is now in operation in Sweden. In addition...

Pharma

Richter Peer AbbVie Receives Approval for Expanded Use of Vraylar

Hungarian pharmaceutical company Gedeon Richter on Monday said its U.S. peer AbbVie received a new drug permission from the U.S....

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...