Industry

Automotive

Magyar Suzuki Hopes to Increase Auto Production Significantly

Magyar Suzuki finished last year behind its financial plan but managed to increase overall and domestic sales. This year, it...

Retail

Romanian retail sales ease in May

Romania's retail sales increased by an adjusted 6.2% year-on-year in May, after an upwardly revised 6.6% gain a month earlier,...

Retail

Families spend HUF 2,000-6,000 on beach toys

During the summer season, Hungarian families spend an average of HUF 2,000-6,000 on beach toys, according to a recent online...

Manufacturing

Industrial production increased up in May

In May 2022, the volume of industrial production in Hungary grew by 9.4% year-on-year, according to data published by the...

Retail

Retail sales up 11.1% y.o.y. in May

In May 2022, the volume of sales in retail trade in Hungary increased by 12% according to raw data and...

Retail

Hungarians most cost sensitive in region

A regional survey including Hungary was commissioned by Publicis Groupe on how people's consumption habits are changing as a result...

Manufacturing

Estonia industrial production rises in May

Estonia's industrial production increased in May underpinned by growth in electricity and mining output, data from Tallinn-based Statistics Estonia (SE)...

Transport

Hungary participates in railway working group meeting in Istanbul

The inaugural meeting of a working group established by Turkey to utilize better rail cargo connections with Bulgaria, Serbia and...

Automotive

Volvo Cars to establish EV plant in Slovakia

Volvo has decided to invest around EUR 1.2 billion to establish a third electric vehicle (EV) manufacturing plant in Europe...

Retail

GVH fines Casio wholesaler HUF 325 mln for illegal price-fixing

Hungary's competition office GVH fined the Hungarian distributor of Casio watches and keyboard instruments and its Czech parent company for...

Manufacturing

Czech manufacturing sector contracts in June

Czech manufacturing activity deteriorated for the first time in almost two years in June, driven by a renewed contraction in...

Manufacturing

3,000 employers pledge to hire 14,000 students

Around 3,000 employers have signaled they would employ 14,000 students as part of a state-supported program that places students in...

Retail

Croatia retail sales slow in May

Croatia's retail sales volume rose by 4.3% on the year in real terms in May, following an increase of 5.7%...

Deals

Waberer’s minority stakeholders announce buyout offer

Minority stakeholders in listed Hungarian hauler Waberer's International will make a buyout offer for outstanding shares in the company at...

Deals

Rába buys out Rekard group

Listed Hungarian automotive company Rába Jarműipari Holding on Friday said it purchased a 75.1% stake in peer Rekard Hajtómű- es...

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...