Industry

Automotive

Mercedes-Benz to invest HUF 400 bln at plant in Hungary

German carmaker Mercedes-Benz will spend HUF 400 billion to add new production lines at its base in Kecskemét, Minister of...

Manufacturing

Spa firm Wellis axing 300 Jobs

Hot tub and spa products maker Wellis Magyarország Zrt.'s plant in Dabas (45 km southeast of Budapest) is shutting down...

Automotive

Domestic used car market sets new H1 record

Nearly 432,000 cars changed hands in the domestic used car market in the first half of the year, according to...

Deals

Hungarian company to join hydropower plant development in Kyrgyzstan

Chairman of the Cabinet of Ministers of the Kyrgyz Republic Akylbek Zhaparov met with the executive director of the Hungarian...

Transport

Wizz Air registers more than 4 mln passengers in June

Discount airline Wizz Air says that it carried some 4.34 million passengers in June 2022, representing an increase of 179%...

Transport

Budapest bike-sharing scheme expands

Budapest's MOL Bubi bike-sharing scheme, operated by the Budapest Public Transport Center (BKK) with the support of Hungarian oil and...

Automotive

AutoWallis registers record sales in all areas

The AutoWallis Group is breaking records in all of its business segments, with 60% of last year's total annual vehicle...

Deals

MOL wins 35-year municipal waste management concession

Hungarian oil and gas company MOL on Friday said it won a state tender for a 35-year municipal waste management...

Manufacturing

Romania industrial production expands in May

Romania's industrial production expanded in May from a year ago, driven by an increase in manufacturing output, data from the...

Manufacturing

Slovakia industrial production rises in May

Slovakia's industrial production expanded for the first time in four months in May on the back of strong manufacturing output,...

Manufacturing

Ganz Transformers continues stable growth in H1 2022

In the first half of 2022, Ganz Transformers and Electric Rotating Machines continued its stable growth, with the order intake...

Retail

Czech retail sales fall in May

The Czech Republic's retail sales declined for the first time in fourteen months in May, data from the Czech Statistical...

Retail

Hungary fuel price cap will lead to shortages – MOL CEO

Hungary's cap on fuel prices should be lifted because it will lead to shortages "sooner or later," the chairman-CEO of...

Manufacturing

Bulgaria industrial output growth climbs in May 

Industrial production in Bulgaria advanced by 20.2% year-on-year in May, following an upwardly revised 17.3% rise in the previous month,...

Automotive

Hungary issues 53,000 green license plates

Hungary has issued more than 53,000 green license plates for fully electric and hybrid vehicles, the Ministry of Technology and...

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...