Industry

Retail

Tesco CEO not Optimistic About Inflation

There is indeed huge income in retail, but we cannot talk about the extra profit, which Tesco must also pay...

Manufacturing

Industrial Production Up in June

The volume of industrial production in Hungary grew by 1.5% year-on-year in June 2022, according to raw data published by...

Retail

Romania’s Retail Sales Eases in June

Retail sales in Romania rose by 4.2% year-on-year in June, slowing from a downwardly revised 6.2% gain a month earlier,...

Transport

BKK Upgrades Ticket Vending Machines

The Budapest Public Transport Center (BKK) on Thursday said it completed a software upgrade of its ticket vending machines, according...

Retail

Retail Sales up 4.5% y.o.y. in June

In June 2022, the volume of sales in retail trade increased by 4.1% according to raw data and by 4.5%...

Manufacturing

Estonia Industrial Production Increases in June

Estonia's industrial production rose in June underpinned by growth in electricity and mining output, while manufacturing logged a decline, data...

Pharma

Higher Sales, Financial Gain Lift Richter Earnings

Second-quarter net income of Hungarian pharmaceutical company Gedeon Richter climbed 173% year-on-year to HUF 76.5 billion, lifted by higher sales,...

Manufacturing

Poland Manufacturing Activity Deteriorates Sharply in July

Poland's manufacturing sector contracted considerably in July due to a sharp fall in output and new orders as high inflation...

Retail

Croatia Retail Sales Slow Further in June

Croatia's retail sales volume rose by 3.8% year-on-year in real terms in June, following an increase of 4.3% in May,...

Manufacturing

Industrial producer prices up 35% y.o.y. in June

Industrial producer prices went up by 35% on average in June 2022 compared to one year earlier, according to data...

Transport

The Hungarian Airline Applying Multinational and Local Mindsets

With its first flight in 2004, Wizz Air celebrated 18 years of operations on the Hungarian aviation market this year....

Automotive

Nio to build HUF 5.5 bln battery swap station plant in Hungary

Chinese automotive industry company Nio on Friday announced plans to build a HUF 5.5 billion battery swap station plant in...

Transport

Wizz Air announces new route to Madeira

Wizz Air will add a new route to the island of Madeira in Portugal this year, according to a press...

Retail

Shell Hungary temporarily suspends operation of 5 gas stations

Shell Hungary has decided to temporarily shut down five refueling stations in Hungary from August 1 in response to the...

Retail

Lithuania retail sales drop in June 

Retail sales in Lithuania fell 4.2% year-on-year June, reversing from an upwardly revised 0.5% gain in the previous months, data...

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...