Industry

Retail

Estonia retail sales growth eases in May

Estonian retail trade grew by 1.9% year-on-year in May, after a 12.3% jump a month earlier, data from Tallinn-based Statistics...

Pharma

Hungarian employees benefit from Euroapi share program

Euroapi, a leading player in the production of active pharmaceutical ingredients (APIs), has launched an employee share program for the...

Retail

Latvia retail sales growth eases in further in May

Latvia's retail sales growth slowed for the fourth successive month in May, figures from the Riga-based Central Statistical Bureau (CSB)...

Transport

Weekend truck ban lifted because of heatwave

A truck ban on Hungarian roads over the weekend will be suspended because of a heat alert in effect until...

Manufacturing

Hungary’s Hell Energy to invest in Romania

Hungarian energy drink producer Hell Energy said yesterday it plans to invest EUR 18 million to build a storage hall...

Retail

Aldi Magyarország raises pay 8%-19%

The local unit of German discount chain Aldi will raise wages by 8-19% from July 1, Aldi Magyarország said on...

Manufacturing

Industrial producer prices up 32.3% y.o.y. in May

Industrial producer prices were 32.3% higher on average in May 2022 compared to one year earlier, according to data published...

Deals

AutoWallis, partner to close acquisition of Renault Hungária this fall

AutoWallis and the Portuguese Salvador Caetano Group expect to close the acquisition of Renault Hungária this fall, later than originally...

Retail

Lithuania retail sales drop in May

Lithuania's retail sales dropped in May, which was the first fall in several months, figures from the Vilnius-based Statistics Lithuania...

Retail

Popularity of ‘alternative’ air cooling equipment on the rise

Every year during the summer heatwave, many people decide to buy air-conditioning units to cool their homes, but according to...

Manufacturing

Volta completes long-term funding round for 2nd phase of investment in Hungary

On June 10, Volta Energy Solutions Hungary Kft. (Volta), Europe's only ultra-thin battery copper foil manufacturer for electric vehicle (EV)...

Manufacturing

Bosnia’s industrial output, producer prices up in May

Bosnia's industrial production increased by 8.5% year-on-year in May, after an increase of 6.3% in April, the country's Agency for...

Automotive

Sixt opens new technical base next to the airport

Sixt, a member of the AutoWallis Group, has opened its new technical base in Vecsés, near Budapest Ferenc Liszt International...

Retail

Bosnia’s Serb Republic retail sales up in May

Retail sales in Bosnia's Serb Republic rose by a real 13.3% year-on-year in May, after increasing by 16.1% in April,...

Transport

Air China to re-launch Beijing-Budapest flight

Air China will re-launch its direct flights between Beijing and Budapest from July 7, Minister of Foreign Affairs and Trade...

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...