Industry

Manufacturing

Lithuania industrial production rises in December

Lithuania's industrial production rose a working-day adjusted 33.2% year-on-year in December, figures from Vilnius-based Statistics Lithuania (LS) showed on Tuesday....

Retail

Poland retail sales accelerate in December

Poland's retail sales accelerated 8% year-on-year in December, figures from the Warsaw-based Central Statistical Office (GUS) showed on Monday....

Deals

Rheinmetall finalizes deal to acquire 25.1% stake in 4iG

German defense industry company Rheinmetall has finalized a deal to acquire a 25.12% stake in listed Hungarian IT company 4iG,...

Automotive

Hungary signs MoU on KAMAZ R&D, production bases

Hungary's Innovation and Technology Ministry has signed a memorandum of understanding with the management of Russian truck maker KAMAZ on...

Manufacturing

Poland avg gross wages, industrial production up in Dec

Poland's average gross wages and salaries rose 11.2% year-on-year in December, and amounted to PLN 6,644.39 (EUR 1,466) data from...

Automotive

Gov’t signs strategic agreement with Autoliv

Hungary's government signed a strategic cooperation agreement with the local unit of Stockholm-headquartered automotive safety supplier Autoliv yesterday, according to...

Manufacturing

Videoton awarded gov’t grant for investment in Bulgaria

Minister of Foreign Affairs and Trade Péter Szijjártó on Friday awarded a HUF 430 million government grant to Hungarian-owned electronic...

Automotive

BMW production in Hungary to start in 2025

German carmaker BMW will start production at a plant in Debrecen (about 195 km east of the capital) in 2025,...

Retail

Euronics revenue climbs 11% in 2021

Revenue of Hungarian-owned electronics retailer Euronics rose 11% to HUF 71 billion last year, the company said on Thursday, according...

Retail

IKEA Hungary sales climb almost 12%

Sales in Hungary of Swedish home furnishings giant IKEA rose almost 12% to HUF 109 billion in its business year...

Retail

Supermarket chains cut prices in Poland following VAT suspension

Lidl and Aldi have become the first supermarket chains in Poland to announce that they will lower the prices of...

Transport

Ferenc Liszt Int’l handled 4.6 mln passengers in 2021

In 2021, Ferenc Liszt International Airport handled a total of 4,622,882 passengers, approximately 20% more than in 2020 but still...

Automotive

Importers project increase in new car registrations

The Hungarian Association of Vehicle Importers (MGE) projects new passenger auto registrations will edge up to 125,000 this year from...

Deals

State to acquire 51% stake in Debrecen airport operator

Hungary's state will acquire a 51% stake in the company operating Debrecen International Airport under a government decision, state secretary...

Retail

Auchan to spend HUF 3.2 bln on raising wages this year

The local unit of French supermarket chain Auchan and retail workers' union KASZ agreed on raising wages this year, Auchan...

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...