Industry

Manufacturing

Croatia Industrial Output Falls Sharply in October

Industrial production in Croatia declined by 0.3% year-on-year in October, the first decline since November 2020, following a 2.2% rise...

Deals

Municipal Council Buying Back Stake in Sewage Works

The municipal council of Budapest voted yesterday to buy back a 25%-plus-one-vote stake in the Budapest Sewage Works (FCSM) for...

Deals

BDPST Equity Acquires Minority Stake in Waberer’s

BDPST Equity, a unit of real estate management company BDPST Group, has acquired an indirect 26.76% stake in Waberer's International,...

Retail

Bosnia’s Federation Retail Sales up in October

Retail sales in Bosnia's Federation rose by a real 1% on the year in October, after expanding by a revised...

Retail

Estonia Retail Turnover Fall Continues in October

Estonian people continued to shop less as they reduced the spending on groceries amid high inflation and slower wage growth,...

Deals

4iG Books Loss on Acquisition-related Costs

Listed IT company 4iG booked a Q1-Q3 loss of HUF 7.7 billion as acquisitions and related costs weighed, an earnings...

Manufacturing

Industrial Producer Prices in Hungary up 41.7% y.o.y. in October

Industrial producer prices in Hungary rose by 41.7% on average in October 2022 compared to one year earlier, according to...

Manufacturing

Bosnia’s Industrial Output Down in October

Bosnia's industrial production fell 3.0% year-on-year in October, after a revised decline of 1.0% in September, data from the Agency...

Retail

Lithuania Retail Sales Drop Further in October 

Retail sales in Lithuania fell by 3.5% year-on-year in October, after a 1.2% drop in the previous month, figures from...

Automotive

Automotive Industry Experiences Best Q3 on Record

In its survey of the automotive sector's 16 most significant players, EY found that July-September was the best third quarter...

Manufacturing

Bosnia Industrial Production Declines in October 

Industrial production in Bosnia and Herzegovina decreased 3.0% year-on-year in October, following a 1% drop in the previous month, data...

Retail

European Shoppers Reveal Holiday Habits 

During the holiday period, almost half of European customers, 41%, shop primarily in stores, while another 20% also shop online,...

Retail

Penny Market Inaugurates HUF 7 bln Expansion

German-owned discount supermarket chain Penny Market inaugurated a HUF 7 billion expansion of its logistic base in Karcag (165 km...

Manufacturing

BMW Adding Battery plant in Debrecen, Doubling Investment Value

German carmaker BMW Group on Friday said it is building a high-voltage battery assembly plant at a vehicle production base...

Automotive

Domestic Motorcycle Market Grew This Year

The domestic motorcycle market grew by more than one-tenth in the first 10 months of this year, while it was...

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...