Industry

Transport

Rail Cargo Hungária chairman proposes 6-point package

Imre Kovács, chairman of the board of Rail Cargo Hungária Zrt., proposed implementing a six-point package of measures to reduce...

Manufacturing

Lithuania industrial production grows in May

Lithuania's industrial production expanded in May, largely driven by a robust increase in electricity output, data from the Vilnius-based Statistics...

Deals

Waberer’s partners with Magyar Posta on parcel delivery service 

Listed Hungarian hauler Waberer's on Friday said it will establish a parcel delivery joint venture with state-owned postal company Magyar...

Pharma

Semmelweis University and Roche Sign Strategic Agreement

A landmark agreement has been signed between Semmelweis University, the top medical and health sciences higher education institution in Hungary,...

Retail

MOL lowers top-up limit for retail buyers

Hungarian oil and gas company MOL has set a 50-liter refueling limit for purchases at the HUF 480/liter regulated price...

Manufacturing

Kecskeméti Konzerv inaugurates HUF 3.3 bln capacity expansion

Hungarian canning company Kecskeméti Konzerv inaugurated a HUF 3.3 billion capacity expansion in Kecskemét (90 km southeast of Budapest) yesterday,...

Manufacturing

110-year-old BAT Pécsi Dohánygyár focuses on innovation

BAT Pécsi Dohánygyár Kft., which is celebrating the 110th anniversary of its Hungarian factory, says it is placing more emphasis...

Pharma

Teva Gyógyszergyár inaugurates HUF 800 million lab

The local unit of Israeli pharmaceutical company Teva inaugurated a close to HUF 800 million laboratory at its base in...

Manufacturing

Poland industrial production increases in May

Poland's industrial production grew less than expected in May, data from the Warsaw-based Central Statistical Office (GUS) showed on Tuesday....

Retail

Lidl signs cooperation agreement with HEPA

German-owned discount chain Lidl signed a cooperation agreement with the Hungarian Export Promotion Agency (HEPA) in order to boost exports...

Retail

Praktiker revenue climbs over HUF 84 bln in 2021

Revenue of Hungarian-owned DIY chain Praktiker rose more than 10% to HUF 84.1 billion last year, the company told MTI...

Automotive

Audi to build HUF 120 bln electric drive plant in Hungary

German carmaker Audi will add a HUF 120 billion electric drive plant at its base in Győr, Minister of Foreign...

Automotive

Share Now fleet expanding to 500 cars from July

From July, car-sharing company Share Now will operate with 500 cars in Budapest, making it the largest car-sharing fleet in...

Deals

OTP, MOL extend share swap agreement till 2027

OTP Bank and Hungarian oil and gas company MOL have extended a share swap agreement initially concluded in 2009 until...

Manufacturing

Moldova industrial output contracts in April

Moldova's industrial production declined by 10.4% year-on-year in April, following an upwardly revised 2.9% rise in the previous month, Trading...

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...