Industry

Manufacturing

Czech industrial output rebounds slightly in March

The Czech industrial production increased a working-day adjusted 0.4% year-on-year in March, after a 0.3% drop in February, data from...

Transport

Wizz Air planning expansion in Saudi Arabia

DIscount airline Wizz Air has signed a Memorandum of Understanding with the Ministry of Investment of the Kingdom of Saudi...

Pharma

Higher revenue, improved margins lift Richter Q1 earnings

First-quarter net income of Hungarian pharmaceutical company Gedeon Richter rose 38% year-on-year to HUF 37.1 billion as sales climbed and...

Retail

CPI Hungary integrates property management services

CPI Hungary has brought all the property management activities of its domestic retail portfolio in-house, since besides property management and...

Retail

Montenegrin retail sales rise in Q1

Montenegro's retail sales rose by a real 19.3% year-on-year in the first quarter of 2022, figures released from the Podgorica-based...

Manufacturing

Croatia’s industrial producer prices up in April

Croatia's industrial producer prices rose by 21.9% year-on-year in April, following a 19.5% increase in March, the Zagreb-based Croatian Bureau...

Pharma

Hungary donates COVID tests to Moldova

Hungary is donating 455,000 COVID antigen rapid diagnostic tests to Moldova, Minister of Foreign Affairs and Trade Péter Szijjártó said...

Retail

Euronics ranks as biggest Hungarian-owned e-tail company in 2021 

For the first time, GKID (formerly GKI Digital) ranked the largest domestically-owned online retailers in Hungary, with Euronics ranking highest,...

Retail

Romanian retail sales growth slows in March

Romania's retail sales slowed for the second month in a row in March, yet remained strong underpinned by robust sales...

Transport

Waberer’s Q1 earnings fall on narrower margins

First-quarter net income of listed Hungarian hauler Waberer's International fell 36% year-on-year to EUR 1.7 million as margins narrowed, an...

Manufacturing

Estonian industrial production jumps in March

Estonia's industrial production increased at significantly faster pace in March, led by growth in all three sectors, data from the...

Automotive

Imported used car registrations climb 13% in Jan-April

The number of imported used cars registered in Hungary rose 12.9% year-on-year to 45,973 in January-April, listings site JoAutok.hu said...

Retail

Retail sales in Hungary up 16.2% y.o.y. in March

In March 2022, the volume of retail trade acccording both raw and calendar-adjusted data was 16.2% higher than in March...

Manufacturing

Poland manufacturing growth slows in April

Poland's manufacturing sector growth was the weakest since the beginning of 2021, mainly due to the impact of the war...

Automotive

AutoWallis to use record profits to continue growth strategy

AutoWallis’ general meeting has decided to allow treasury share purchases, authorized capital increases, and passed resolutions on how to utilize...

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...