Industry

Automotive

Q1 new auto registrations fall 11% y.o.y.

In the first quarter of this year, 28,690 new passenger cars were placed on the market in Hungary, 11% less...

Manufacturing

Estonia industrial production rises in February

Estonia's industrial production rose in February, led by growth in manufacturing, data from Tallinn-based Statistics Estonia (SE) showed on Wednesday....

Automotive

AutoWallis, Salvador Caetano to buy Renault Hungária

AutoWallis Plc. is purchasing Renault Hungária Kft. in cooperation with the Portuguese Salvador Caetano Group, thus attaining exclusivity for sales...

Retail

Czech retail sales growth slows in Feb

The Czech retail sales grew at a softer pace in February after accelerating in the previous month, data from the...

Retail

Retail sales up 9.8% y.o.y. in February

In February 2022, the volume of retail trade in both raw and calendar-adjusted data was 9.8% higher than in the...

Manufacturing

Industrial production up 4.5% in February

In February 2022, the volume of industrial production in Hungary grew by 4.5% year-on-year, according to both raw and working-day...

Automotive

AutoWallis closes 2021 with record profits

The AutoWallis Group closed 2021 with profits significantly exceeding its own plans and an EBITDA of HUF 7.8 billion, despite...

Manufacturing

Latvia industrial production falls in February

Latvia's industrial production decreased in February, led by a slump in output in the electricity and gas sector, data from...

Manufacturing

Nitrogénművek restarts ammonia production

After a one-month shutdown, Nitrogénművek has restarted ammonia production in order to meet the strong export demand at the end...

Manufacturing

Poland manufacturing growth eases in March

Poland's manufacturing sector growth eased to the lowest since the beginning of 2021, the impact of war in Ukraine due...

Transport

GreenGo expands fleet

Car-sharing company GreenGo on Monday said it expanded its fleet of electric vehicles from 320 to over 400, according to...

Deals

MOL acquires ReMat

Hungarian oil and gas company MOL on Friday said it acquired ReMat, Hungary's leading plastics recycling company, according to portfolio.hu....

Retail

Serbian retail sales rise in February

Serbia's retail sales increased by a real 7.7% year-on-year in February, after recording a 4.3% annual rise in the previous...

Manufacturing

Croatia industrial output growth rises in February

Croatia's industrial output grew by an annual 4% in February, after a 3.5% increase in January, the Zagreb-based Central Bureau...

Transport

Waberer’s issues EUR 111 mln bond

Listed Hungarian hauler Waberer's International on Friday announced the issue of a EUR 111 million corporate bond in a private...

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...