Industry

Automotive

Second-hand is the New New

In the beginning, it was the microchip shortage disrupting supply chains. Now it is the war in Ukraine. The result...

Automotive

Rába Posts HUF 570 mln Loss in Q1, Pays no Dividend on 2021 Earnings

Hungary’s majority state-owned listed manufacturer Rába Automotive Group (Rába Járműipari Holding Nyrt.) posted a loss of HUF 570 million after...

Automotive

Vodafone’s Vantage Towers to Install EV Chargers Across Hungary

Vantage Towers Hungary Zrt., in cooperation with Elektromotive Hungaria Kft., will install around 60 electric charging stations at 38 base...

Automotive

Market Talk: Skids Underneath Automotive Sector Slow Manufacturing Output

COVID and the shortage of microchips, the war in Ukraine, and sputtering supply chains have held back Hungary’s automotive industry,...

Transport

AnadoluJet launches Budapest-Istanbul flights

AnadoluJet has launched a new route between Budapest and Istanbul, operating three flights a week between the cities starting this...

Retail

Retail sales up 15.8% year-on-year in April

In April 2022, the volume of sales in retail trade increased by 15.7% according to raw data and by 15.8%...

Retail

Survey: Women more conscientious shoppers

Women manage family coffers more carefully, according to a survey of Erste Bank's customers, writes profitline.hu....

Manufacturing

Poland manufacturing activity deteriorates in May

Poland's manufacturing sector contracted to the lowest level in nearly two years, amid steep falls in output and new orders...

Automotive

BMW lays cornerstone of EUR 1 bln plant in Hungary

German carmaker BMW laid the cornerstone of a EUR 1 bln plant in Debrecen (194 km east of Budapest) on...

Manufacturing

Bulgaria’s industrial producer prices up in April

Bulgaria's industrial producer price index (PPI) rose by 40.2% year-on-year in April, mainly due to a 93.7% increase in the...

Retail

Estonia retail sales rise in April

Estonia's retail sales increased in April mainly due to higher turnover in stores selling manufacturing goods, data from Tallinn-based Statistics...

Manufacturing

Factory gate prices keep surging in April

Industrial produce prices kept rising at breakneck speed in April. According to data by the Central Statistical Office (KSH), factory...

Pharma

Varga meets with pharma sector leaders

Finance Minister Mihály Varga met with representatives of the Hungarian National Association of Pharmaceutical Manufacturers (MAGYOSZ) on Monday, according to...

Retail

Lithuania retail sales growth eases further in April

Lithuania's retail sales growth eased for the third successive month in April, figures from the Vilnius-based Statistics Lithuania (LS) showed...

Automotive

Bosch Automotive Steering on track with investments in Maklár

German-owned Bosch Automotive Steering is on track to add 70,000 sqm of production and logistics area to its base in...

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...