Industry

Manufacturing

Czech Industrial Output Growth Slows in July

Industrial output in the Czech Republic went up by 0.8% year-on-year in July, following an upwardly revised 2.7% rise in...

Automotive

Halms Building EUR 40 mln EV Parts Plant in Debrecen

Chinese-owned Halms Hungary will build a more than EUR 40 million electric vehicle parts plant in Debrecen (225 km east...

Automotive

GVH Clears AutoWallis, Partner’s Acquisition of Renault Hungária

The Hungarian Competition Authority (GVH) has consented to AutoWallis Caetano Holding Zrt., founded by the AutoWallis Group and its Portuguese...

Manufacturing

Industrial Production Grew 6.6% y.o.y. in July

The volume of industrial production grew in July 2022 by 6.6.% year-on-year, according to working-day adjusted data published by the...

Manufacturing

Schneider Electric Building Smart Factory in Dunavecse

Schneider Electric is building a smart production plant in Dunavecse (65 km south of Budapest), with production expected to start...

Retail

Romanian Retail Sales Growth Eases in July

Retail sales in Romania rose by 3.4% year-on-year in July, slowing from a marginally revised 4.3% gain a month earlier,...

Manufacturing

Latvia Industrial Production Declines in July 

Latvia's industrial production decreased 2.9% year-on-year in July compared to the 0.7% advance in the previous month, data from the...

Deals

Skanska Enters Long-Term Partnership With DBH Group

Skanska has entered a long-term partnership with DBH Group, which is leasing a total of 5,100 sqm office space in...

Manufacturing

Estonia Industrial Production Falls in July

Estonia's industrial production decreased in July as mining output and manufacturing logged a decline, data from the Tallinn-based Statistics Estonia...

Automotive

Used Car Imports Fall Under 10,000 in Aug

The number of used cars imported to Hungary dropped 11% year-on-year to 9,701 in August, listings site JoAutok.hu said on...

Manufacturing

Croatia’s Industrial Output up in July

Croatia's industrial output rose 2.9% year-on-year in July, after a 3.8% increase in June, the Zagreb-based Croatian Bureau of Statistics...

Retail

Slovenia’s Retail Sales Rise in July

Slovenia's retail sales increased 25% year-on-year in July, after growing 29.5% in June, the Ljubljana-based Statistics Bureau of Slovenia (SURS)...

Retail

Retail Sales Growth Hits 4.3% in June

In July 2022, the volume of sales in retail trade increased by 3.8% according to raw data and by 4.3%...

Manufacturing

Poland Manufacturing PMI Falls Further in August

Poland's manufacturing Purchasing Managers' Index (PMI) dropped 1.2 points to 40.9 in August, the fourth time in a row when...

Transport

Budapest Airport: Largest Ever Noise Insulation Program Underway

Budapest Airport has launched its largest ever residential noise insulation program on September 1 through the For The Neighbors Of...

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...