Industry

Deals

Indotek to acquire 47% stake in Auchan holdings in Hungary

Hungarian property developer Indotek has agreed to acquire a 47% stake in the local units of Elo, the holding company...

Retail

Spar revenue rises more than 7% in 2021

Revenue of the Hungarian unit of supermarket chain Spar rose 7.2% to HUF 791.8 billion in 2021, Spar Magyarorszag managing...

Retail

Revamped Gobuda Mall’s gradual opening begins

Gobuda Mall, formerly known as EuroCenter, is gradually opening for visitors starting today, following 10 months of extensive renovations, developer...

Manufacturing

MOL unit lays cornerstone of HUF 65 bln propylene plant

Mol Petrolkémiai, a unit of oil and gas company MOL, laid the cornerstone of a HUF 65bn propylene plant in...

Automotive

Audi Hungaria to turn out Cupra SUV model from 2024

The local unit of German carmaker Audi will start production of an SUV model of the Volkswagen group's Cupra brand...

Retail

Poland retail sales grow further in February

Poland's retail sales rose 8.1% year-on-year in February, after a 3.1% decline in the same month last year, figures from...

Pharma

Richter lays cornerstone of HUF 15 bln office building

Hungarian pharmaceutical company Gedeon Richter laid the cornerstone of a HUF 15 billion office building in Budapest on Tuesday, according...

Manufacturing

Poland industrial production up in February

Poland's industrial production grew 17.6% annually in February, data from the Central Statistics Office (GUS) showed on Friday....

Pharma

Semmelweis U, Ministry, Novartis Hungária sign coop agreement

Hungary's top medical school Semmelweis University, the Innovation and Technology Ministry, and Novartis Hungaria signed a cooperation agreement with the...

Transport

Waberer’s income up to EUR 18.1 mln last year

Listed Hungarian hauler Waberer's had a net income of EUR 18.1 million last year, improving from a loss of EUR...

Deals

Eased restrictions boost SZÉP card spending

Hungarians' spending using the SZÉP voucher card climbed in February as restrictions were loosened to allow purchases of food in...

Manufacturing

Mapei expanding capacity for HUF 8 bln 

Italian-owned Mapei Kft. is spending HUF 8 billion to expand capacity at its plant in Sóskút (25 km southwest of...

Transport

Ryanair Expands Operations in Budapest, Predicts Growth in Region

Ryanair, the Irish-based budget airline, is to expand its Budapest operations with the allocation of two Boeing 737 8-200 aircraft,...

Automotive

Automotives Prepare for Greener Future, Face Serious Supply Issues

The Hungarian automotive sector is undergoing a significant transformation, with more environmentally friendly and sustainable vehicle manufacturing on the rise....

Automotive

Audi Hungaria revenue edges higher in 2021

Revenue of the local unit of German carmaker Audi rose 2.6% to EUR 7.717 billion last year, while its after-tax...

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...