Industry

Manufacturing

Poland Manufacturing Downturn Intensifies in October

Poland's manufacturing activity contracted for the sixth successive month in October as output and new orders fell rapidly on the...

Transport

Wizz Air H1 Losses Grow as Fuel Costs Soar

Hungarian low-fare carrier Wizz Air racked up a EUR 384.3 million loss in the first half of its business year...

Retail

Estonia Retail Sales Decrease in September

Estonia's retail sales fell 6% year-on-year in September, after a 3% growth in August, data from Statistics Estonia (SE) showed...

Manufacturing

Bosnia’s Federation Industrial Output Down in Sep

The industrial output of Bosnia's Federation fell 0.6% year-on-year in September, after an increase of 0.6% in August, data from...

Retail

Lithuania Retail Sales Fall Further in September 

Lithuania's retail sales decreased for the fifth consecutive month in September, figures from the Vilnius-based Statistics Lithuania (LS) showed on...

Retail

Euronics Sales Climb 19%

Net sales revenue of Vöröskő, which operates the Euronics chain of consumer electronics shops, rose 19% to HUF 88.7 billion...

Transport

Competition Office Calls Out Airlines for Ad Practices After Sweep

Hungary's Competition Office (GVH) on Friday said it found in a sweep that "most airlines" use "subliminal tricks" to sell...

Deals

Graphisoft Park Proposes Shares Trade in EUR

The management of Graphisoft Park, which owns and operates a business park in the north of the capital, will ask...

Transport

Volánbusz Starts HUF 6.5 bln Kravtex-Kühne Bus Order

State-owned bus company Volánbusz inaugurated the first of 100 buses it is getting in a HUF 6.5 billion order from...

Manufacturing

Industrial Producer Prices up 42.7% y.o.y. in September

Industrial producer prices rose by 42.7% on average in September 2022 compared to one year earlier, according to data released...

Transport

Record-breaking Recruitment Numbers for Wizz Air

Discount airline Wizz Air hired some 2,500 new cabin crew members in the first nine months of the year, according...

Automotive

EV Charging Station Volume Climbs 45% in Q2

Charging volume at public EV charging stations in Hungary climbed 45% year-on-year to 4,888 MWh in the second quarter, the...

Automotive

Thyssenkrupp Inaugurates HUF 1.8 bln Szeged Office

Thyssenkrupp Automotive Technology Hungary yesterday inaugurated a HUF 1.8 billion engineering office in Szeged (170 km southeast of Budapest) that...

Retail

Montenegrin Retail Sales Rise in Q3

Montenegro's retail sales rose by a real 7.1% year-on-year in the third quarter of 2022, official figures showed on Wednesday....

Pharma

Richter Submits EMA Application for RYEQO

Hungarian pharmaceutical company Gedeon Richter yesterday said it submitted an application to the European Medicines Agency (EMA) for its drug...

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...