Industry

Retail

Slovak Retail Sales Fall for 1st Time in 18 Months

Retail sales in Slovakia decreased 0.3% year-on-year in August, following a 1.2% rise in the previous month, figures released by...

Retail

Czech Retail Sales Fall Further in August 

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

Deals

4iG Acquires 9.5% Stake in Spacecom

Listed Hungarian IT company 4iG on Friday said it acquired a 9.538% stake in Israeli satellite company Space-Communication in a...

Manufacturing

Industrial Production Rises in August

The volume of industrial production in Hungary grew by 14.4% year-on-year according to raw data, and by 9.3% y.o.y. according...

Retail

Retail Sales Rise 2.4% in August

In August 2022, the volume of sales in retail trade increased by 3.3% according to raw data, and by 2.4%...

Deals

AutoWallis, Partner Complete Renault Hungária Acquisition

AutoWallis Caetano Holding Zrt., founded by the AutoWallis Group, and its Portuguese partner, have gained ownership of Renault Hungária Kft.,...

Manufacturing

Latvia Annual Industrial Production Marginally Falls in Aug

Latvia's industrial production declined for the second successive month in August due to a contraction in manufacturing output, data from...

Transport

Korean Air Launches 2 Flights a Week Between Budapest and Seoul

South Korean national carrier Korean Air will operate two direct flights a week between Budapest and Seoul in the winter...

Manufacturing

Estonian Industrial Output Rebounds in August

Industrial production in Estonia grew by 0.8% year-on-year in August, rebounding from a 6.4% drop a month earlier, data from...

Automotive

Hungary Wants Leading Role in Vehicle R&D

Hungary wants to play a leading role in areas that will establish the future of the vehicle industry, individually in...

Retail

Retail Sales in Estonia Rise in August

Estonia's retail sales increased in August, influenced by most of the enterprises engaged in sales of automotive fuel, data from...

Automotive

New Car Registrations Fall 9% in Jan-Sep

New passenger car registrations in Hungary fell 9.3% year-on-year to 85,769 in January-September, the Hungarian Association of Vehicle Importers (MGE)...

Retail

EUR 18 mln Renovation of Allee Shopping Center Completed

The nearly EUR 18 million renovation of the Allee Shopping Center in Budapest has been completed. The modernization featured the...

Manufacturing

Pick Szeged Starts Construction of Salami Plant

Hungarian meat company Pick Szeged has started construction of a new salami plant in Szeged (163 km southeast of Budapest),...

Retail

Bosnia Retail Sales up in August

Bosnia and Herzegovina's retail sales increased by 10.9% year-on-year in real terms in August, following a revised increase of 10.2%...

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...