Industry

Retail

Wolt Market Reduces Prices of Nearly 100 Staple Grocery Items by 15%

Wolt Market has reduced the prices of nearly a hundred staple grocery and household goods this week, according to a...

Retail

Czech Retail Sales Continue to Fall in September

The Czech Republic's retail sales declined for the fifth straight month in September, data from the Czech Statistical Office (CZSO)...

Retail

Hungary Retail Sales up 3% y.o.y. in Sep

In September 2022, the volume of retail trade in Hungary was 3% higher than in the same month of the...

Manufacturing

Tungsram to Undergo Liquidation

Hungarian lighting company Tungsram on Tuesday said it will undergo liquidation after failing to reach an agreement with creditor Magyar...

Manufacturing

Czech Industrial Production Grows on Year in Sep

The Czech Republic's industrial production expanded at the fastest pace in more than one year in September, data from the...

Manufacturing

Industrial Production Rises 11.3% y.o.y. in Sep

The volume of industrial production in Hungary grew in September 2022 by 11.3%, year-on-year, according to data by the Central...

Pharma

Richter Q3 Earnings Double

Third-quarter net income of listed Hungarian pharmaceutical company Gedeon Richter jumped 116% year-on-year to HUF 82.4 billion as revenue rose...

Retail

Value of E-commerce in Poland to Rise to PLN 141.3 bln in 2027

The value of e-commerce in Poland will grow to PLN 141.3 billion (appr. EUR 30.1 billion) in 2027 from PLN...

Transport

Waberer’s Q3 Earnings Climb

Third-quarter net income of listed Hungarian hauler Waberer's International rose 24% year-on-year to EUR 4.1 million as turnover climbed, state...

Transport

Hungary Issues Over 60,000 Green Number Plates

Hungary has issued more than 60,000 green number plates for fully electric and hybrid vehicles, the Technology and Industry Ministry...

Deals

Rheinmetall, 4iG Set up Joint Venture in Hungary

Rheinmetall and 4iG have set up an IT joint venture in Budapest, under the name Rheinmetall 4iG Digital Services, according...

Transport

BKK Testing Bank Card Solution for Airport Bus

The Budapest Transportation Center is preparing for another step in digitalization. Together with Mastercard, Monet+, and K&H Bank, the company...

Manufacturing

Latvia Industrial Output Falls in September 

Industrial production in Latvia shrank by 3.7% year-on-year in September, following an upwardly revised 1% fall in the previous month,...

Retail

Refurbishments and Mixed-use Dominate Retail Market

The last edition to the Budapest shopping center market was the 55,000 sqm Etele Plaza by the Hungarian developer Futureal,...

Retail

Black Friday at Emag: Fashion and Energy Saving

This year, online retailer Emag will hold its ninth edition of Black Friday, probably in the most unpredictable economic environment...

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...