Industry

Transport

Ukraine Crisis: Wizz Air offers 100,000 free seats to Ukrainian refugees

Wizz Air today announced it will support Ukrainian refugees by offering them 100,000 free seats on all continental Europe flights...

Manufacturing

Industrial producer prices up 22.3% y.o.y. in January

Industrial producer prices were 22.3% higher on average in January 2022 than a year earlier, according to data by the...

Pharma

Higher sales, financial gain boost Richter earnings

Fourth-quarter net income of Hungarian pharmaceutical company Gedeon Richter reached HUF 46.5 billion, more than doubling from HUF 21.6 bln...

Manufacturing

Lithuania industrial production increases in January

Lithuania's industrial production increased in January, led by strong output growth in manufacturing as well as in mining and quarrying,...

Deals

4iG board decides on Rheinmetall capital raise

The board of 4iG has decided on a private placement of new shares with German defense industry company Rheinmetall through...

Automotive

Rába books HUF 1.3 bln profit

Hungarian automotive industry company Rába booked an after-tax profit of HUF 1.3 billion for 2021, improving from a HUF 1...

Retail

Online FMCGs Reap Fruit of Pandemic’s Disruption

While the pandemic restructured every industry, the online shopping segment of the fast-moving consumer goods sector has surfaced as a...

Retail

Market Talk: Players Grapple With Shifting Environment, Consumer Habits

Major players in the fast-moving consumer goods sector are, as you would expect, keeping a close eye on how their...

Transport

Budapest Airport, unions reach deal on pay rise 

In February, Ferenc Liszt International Airport operator Budapest Airport successfully reached an agreement with the works councils and trade unions...

Pharma

Competition Office launches probe of COVID rapid tests

Hungary's Competition Office (GVH) on Friday announced a probe of the local market for COVID antigen rapid diagnostic tests on...

Retail

Lidl creates 1,200 jobs over past year

To ensure the maximum food supply of Hungarian households and to support the competitiveness of the domestic economy, Lidl Hungary...

Automotive

Falling new car sales challenging the leasing market

Domestic new car sales have been steadily declining since H2 2021, mainly due to the recent global chip shortage. The...

Deals

4iG, state agree to conclude Antenna Hungária deal

Listed IT company 4iG on Tuesday said it agreed to conclude the implementation of an agreement on the acquisition of...

Retail

Poland retail sales grow in January

Poland's retail rose 10.6% year-on-year in January, after a 6.0% decline in the same month last year, data from the...

Transport

MVM Group launches long-term EV rental service

State-owned energy group MVM on Tuesday announced the launch of a long-term electric vehicle rental service for retail customers dubbed...

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...