Industry

Manufacturing

Bosnia’s Federation industrial output up in April

The industrial output of Bosnia's Federation rose by 4.5% on the year in April, after increasing by 6.3% in March,...

Retail

McDonalds operator revenue up 37% 

Revenue of Progress Étteremhálózat, which runs McDonald's fast-food restaurants in Hungary, rose 37% to HUF 51.4 billion last year, according...

Automotive

MG Motor to set up regional base in Budapest

British automotive brand MG Motor will set up its regional base in Budapest to coordinate its expansion in the CEE...

Automotive

AutoWallis opens Land Rover dealership in Ljubljana

The AutoWallis Group has opened Slovenia’s only Land Rover dealership, thus further increasing its retail activities in the country, according...

Transport

Motor fuel price caps to apply only to locals from Friday

A HUF 480/liter price cap on motor fuel at gas stations in Hungary will apply only to vehicles with Hungarian...

Deals

Salarify, SAP Hungary announce partnership deal

Swipe Technologies, the Hungarian company behind Salarify, has announced a partnership with SAP Hungary. This will enable SAP to offer...

Retail

Poland retail sales growth slows in April

Poland's retail sales growth eased in April, figures from the Warsaw-based Central Statistical Office (GUS) showed on Monday....

Deals

FTC, MKB Bank sign strategic cooperation deal

Ferencvárosi Torna Club (FTC) and MKB Bank signed a strategic cooperation deal, according to an announcement at a joint press...

Transport

Budapest Airport reports EUR 87.6 mln loss in 2021

Ferenc Liszt International Airport ended the second year of the coronavirus pandemic with a loss of EUR 87.6 million, operator...

Manufacturing

Poland industrial production rises, producer price inflation accelerates in Apr

Poland's industrial production grew 13% annually in April, data from the Central Statistical Office (GUS) revealed on Friday....

Retail

Global e-commerce revenues could reach USD 5.4 tln in 2022

While 19% of international trade is currently conducted through electronic channels, this share is only around 10% in Hungary, so...

Deals

Sió-Eckes to partner with beekeepers assoc

Hungarian fruit juice maker Sió-Eckes announced on Friday, World Bee Day, that it will sign a cooperation agreement with the...

Automotive

Used car sales could hit new record this year

It is looking more certain that the Hungarian second-hand auto sales record of 817,000, set last year, will be broken...

Deals

Indotek Group Enters Italian Real Estate Market

Indotek Group has completed its first acquisitions in the Italian market, expanding in two retail segments: supermarkets and shopping centers,...

Automotive

Mercedes-Benz Hungary unit turnover falls to EUR 3.1 bln in 2021

Revenue of German carmaker Mercedes-Benz's local unit fell to EUR 3.1 billion in 2021 from EUR 3.4 bln in 2020,...

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...