Industry

Retail

Croatia retail sales drop in February

Croatia's retail sales in volume terms dropped by a working day and seasonally adjusted 0.7% year-on-year in February, after a...

Manufacturing

Industrial producer prices up 22.4% y.o.y. in February

Industrial producer prices were 22.4% higher on average in February 2022 than a year earlier, according to a report by...

Retail

Latvia retail sales increase in February

Latvia's retail sales increased in February, led by non-food sales, figures from the Riga-based Central Statistical Bureau (CSB) showed on...

Automotive

Duna Autó to sell MG cars in Hungary

Duna Autó will start selling MG cars in Hungary from Q3 2022, the car seller's importer unit Duna Motors Disztribúció...

Retail

Lithuania retail sales growth slows in February

Lithuania's retail sales growth eased to the lowest in three months in February, figures from Statistics Lithuania (LS) showed on...

Deals

Hungary to acquire ammunition from Rheinmetall

The Hungarian Defense Forces will buy a broad range of ammunition from Germany's Rheinmetall group, the government commissioner for defense...

Automotive

Kravtex-Kühne inaugurates HUF 2 bln expansion 

Hungary's Kravtex-Kühne group inaugurated a HUF 2 billion expansion at its bus plant in Mosonmagyaróvár (160 km northwest of Budapest),...

Manufacturing

Rheinmetall inaugurates Lynx IFV factory in Zalaegerszeg

German defense industry company Rheinmetall and the state of Hungary on Saturday inaugurated a factory building where production of Lynx...

Transport

Gebrüder Weiss Hungary turnover climbs 20% in 2021

Revenue of the local unit of Austrian logistics company Gebrüder Weiss rose 20% to HUF 28.7 billion last year, the...

Transport

Wizz Air launches new flights from Hévíz and Debrecen

Discount airline Wizz Air announced the addition of three new flights from Hungary to its portfolio from June 2022....

Transport

Volánbusz fleet adding 164 new CNG buses

A total of 164 new compressed natural gas (CNG) buses will expand the Volánbusz fleet this year, 39 of which...

Retail

Online retail sales up 32% last year

Online retail sales in Hungary increased 32% to HUF 1.203 trillion last year, according to research by GKI Digital and...

Deals

Hungary closes acquisition of 45% stake in VIG-Aegon tie-up

The state of Hungary has closed the acquisition of a 45% stake in the local businesses of Vienna Insurance Group...

Manufacturing

Moldova industrial output quickens on year in January

Industrial production in Moldova advanced by 13.7% year-on-year in January, following an 11.4% increase in the previous month, economic portal...

Manufacturing

Lithuania’s Feb industrial production up on year

Lithuania's industrial production rose a working-day adjusted 20.3% year-on-year in February, figures from Statistics Lithuania (LS) showed on Wednesday....

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...