Industry

Automotive

Narrower Margins, Financial Loss Puts Rába in Red in Q1-Q3

Hungarian automotive industry company Rába booked a HUF 815 million loss in Q1-Q3 as costs rose at a faster clip...

Transport

Budapest Extends Option to Buy Another 31 CAF Trams

The Budapest Public Transport Center (BKK) on Thursday said it signed an extension of an option to purchase another 31...

Deals

4iG Acquires 75% Stake in Crealive

Listed IT company 4iG yesterday said it closed the acquisition of a 75% stake in Crealive Reklámügynökség and its subsidiaries,...

Transport

Mobility Expo Held in Budapest

The Budapest Mobility Expo was held at the Railway Historical Park this month. Organized by the Budapest Chamber of Industry...

Manufacturing

Romania’s Industrial Production up on Year in September

Romania's industrial production expanded in September, led by increased output in the manufacturing sector, data from the Bucharest-based National Institute...

Deals

Publicis Groupe Acquires Vivnetworks

Publicis Groupe has announced the acquisition of Vivnetworks, the leading affiliate marketing agency in Central and Eastern Europe....

Deals

Wirtualna Polska Buys Szallas Group for EUR 82 mln

One of the most significant Central European digital acquisitions in the tourism sector in recent years has been completed: the...

Retail

Hungarians Budget HUF 100,000 for Winter Holidays

Hungarians plan to spend around HUF 100,000 over the holidays this year, including HUF 47,500 on gifts, news agency MTI...

Transport

New MÁV-Volán Train, Bus Timetable From December 11

The new 2022/2023 train and bus timetable of the MÁV-Volán group will enter into force on December 11, the transport...

Retail

Bulgaria Retail Trade Growth Steady in September

Bulgaria's retail sales at constant prices, except for motor vehicles and motorcycles, increased by 2.1% on the year in September,...

Automotive

AutoWallis Buys Nelson Group’s Fleet Management Division

AutoWallis Group has agreed with Nelson Group on the purchase of its fleet management division, according to a press release...

Manufacturing

Slovakia Industrial Output Falls in September 

Slovakia's industrial production retreated 1.9% year-on-year in September, following 2% contraction in August, data from the Bratislava-based Slovak Statistical Office...

Pharma

Czech Online Pharmacy Pilulka Starts Operations in Hungary

Pilulka, the Czech Republic's largest online pharmacy, has started operations in Hungary and will soon continue its expansion in the...

Manufacturing

Tetra Pak’s Budaörs Plant Celebrates 30th Anniversary

Food packaging manufacturer Tetra Pak has celebrated the 30th anniversary of its plant in Budaörs (about 7 km east of...

Automotive

AutoWallis, Alteo to Boost EV Charging Infrastructure

The initiative announced last year by Alteo and the AutoWallis Group to support the spread of green mobility in Hungary...

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...