Industry

Manufacturing

Latvia industrial output growth eases in January

Industrial production growth in Latvia slowed to 5.9% year-on-year in January, from 7.1% in the previous month, figures from the...

Pharma

Ukraine Crisis: Phoenix Hungary donates medicine to refugees

Pharmaceutical wholesaler Phoenix Hungary is donating around 30,000 packs of medicine and other products to support the Ukrainian people and...

Transport

Varga: HUF 140 bln for road network development

An improved road network will be delivered from an investment of HUF 140 billion, Minister of Finance Mihály Varga said...

Manufacturing

Croatia industrial output growth slows in January

Industrial production growth in Croatia slowed to 3.5% year-on-year in January of 2022, from a six-month high of 6% in...

Retail

Ukraine Crisis: Tesco’s business unaffected, backs humanitarian aid

British-based retailer Tesco has told the Budapest Business Journal that the Ukraine crisis has not directly affected its business or...

Manufacturing

Industrial production up 7.1% y.o.y. in January

In January 2022, the volume of industrial production in Hungary grew by 7.1% year-on-year according to working-day adjusted data production...

Automotive

Magyar Suzuki raises wages by 12%

Magyar Suzuki announced increasing wages at its Esztergom plant by an average of 12% retroactively to January, following consultations with...

Manufacturing

Schneider Electric Encouraging Talented French Trainees

Schneider Electric says it is hosting the highest number of Volontariat International en Entreprise (V.I.E.) trainees among French-owned companies operating...

Transport

Waberer’s extends naming rights 99 years

Listed hauler Waberer's yesterday said its minority owner György Waberer extended the company's right to use his name for 99...

Automotive

Ukraine Crisis: Audi Hungaria predicts supply chain problems

Although supplies to customers are currently unaffected, Audi Hungaria Zrt. has told the Budapest Business Journal that it expects the...

Deals

ARX Equity Partners acquires majority holding in Klient Holding

ARX Equity Partners announced that it has acquired a majority holding in Klient Holding, the holding company of WTS Klient,...

Retail

Estonia retail sales up 8% y.o.y. in January

Estonia's retail sales, excluding motor vehicles and motorcycles trade, increased 8% year-on-year in January, data from the Tallinn-based Statistics Estonia...

Retail

Retail sales up 4.1% y.o.y. in January

In January 2022, the volume of retail sales in Hungary increased by 4.5% according to raw data and by 4.1%...

Manufacturing

Czech manufacturing PMI eases in February

The headline seasonally adjusted IHS Markit Czech Republic manufacturing PMI fell to a four-month low of 56.5 in February from...

Automotive

Ukraine Crisis: War could further affect domestic car production

The car industry has not recovered from the effects of the epidemic but already has another difficulty, as the Russian-Ukrainian...

Pharma

Advancing the Conversation on Ovarian Cancer

Javier Aracil, AbbVie’s general manager for the Adriatics and Hungary, reflects on how greater awareness, continued innovation and collaboration across...

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...

Wizz Air Luton–Sofia Flight Diverted to Budapest After Bomb Threat

A Wizz Air flight from London Luton to Sofia was diverted to Budapest after receiving a bomb threat during the...

Pirelli Cinturato Winter 3 Takes Top Honors in European Tests

As winter approaches, drivers face a familiar question: which tires can provide dependable performance when road conditions start to change?...

Advancing the Conversation on Ovarian Cancer

Javier Aracil, AbbVie’s general manager for the Adriatics and Hungary, reflects on how greater awareness, continued innovation and collaboration across...

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...