Industry

Deals

Gloster Acquires 51% Stake in G-plus Consulting

Listed IT company Gloster said it acquired a 51% stake in German peer G-plus Consulting, a Tier 1 supplier to...

Manufacturing

Czech Industrial Production Growth Eases in October

The Czech Republic's industrial production climbed a working-day adjusted 3.1% year-on-year in October, well below the 8.3% rise in September,...

Deals

Masterplast Partners With Market Építő

Listed building materials maker Masterplast on Friday said it entered into a strategic cooperation agreement with Hungarian construction company Market...

Automotive

Porsche Hungaria Sales Reach 30,000 in 2022

Porsche Hungaria, the Hungarian importer of Volkswagen group brands, has sold around 30,000 new passenger cars and light commercial vehicles...

Deals

4iG, Rheinmetall Establish IT JV

Listed Hungarian ICT company 4iG on Wednesday announced the establishment of a local joint venture with German defense industry company...

Retail

Czech Retail Sales Fall Further in October

The Czech Republic's retail sales continued to decline in October, data from the Prague-based Czech Statistical Office (CZSO) showed on...

Retail

Slovak Retail Sales Down in October

Slovakia's retail trade fell by 4.4% from a year earlier in October, following a 4.9% decrease in the previous month,...

Manufacturing

Latvia Industrial Output Shrinks Further in October 

Industrial production in Latvia fell 2.7% year-on-year in October, following an upwardly revised 3.8% decline in the previous month, data...

Automotive

MOL Unable to Deliver New Fuel Orders Until Monday

Until midnight on Sunday, MOL's wholesale partners can only place new orders for fuel if they can arrange delivery themselves,...

Retail

Retail Sales in Hungary up 0.6% y.o.y. in Oct

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

Retail

Poles Will Spend an Average of EUR 305 on Christmas

A statistical Pole plans to spend an average of PLN 1,427 (appr. EUR 305.50) during the upcoming Christmas, almost 1%...

Automotive

Used Car Imports Show Double-digit Decline

The number of used car imports to Hungary fell 19% year-on-year to 9,663 in November, used car website JoAutok.hu said...

Manufacturing

Poland Factory Activity Remains in Downturn in November

Poland's manufacturing Purchasing Managers' Index, or PMI, rose to 43.4 in November from 42 in October, survey data from S&P...

Manufacturing

Estonia Industrial Production Declines in November

Estonia's industrial production decreased in November, amid a fall in manufacturing, electricity, and mining output, data from Statistics Estonia (SE)...

Transport

Mahart Container Center Depot Opening at Budapest Airport

Mahart Container Center (MCC), one of Hungary’s leading container terminal operators, has leased a new, 30,000 sqm operational area at...

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...