Industry

Deals

MOL exercises call options for over 74 mln shares

Hungarian oil and gas company MOL on Tuesday said it will exercise call options for a combined 74,138,899 of its...

Retail

Share of e-commerce grew 35% in 2019-2020 

The share of e-commerce in Hungary has grown dynamically in the last decade, according to profitline.hu....

Manufacturing

Masterplast projects marked sales, profit growth

Hungary's Masterplast, a listed company that makes building materials and textiles used to make personal protective equipment, projects annual sales...

Transport

MÁV-Volán management, union reps agree on pay rise

The management of state-owned railway and bus group MÁV-Volán have reached an agreement with union representatives that will raise base...

Transport

Danube fairway project completed

The Danube Fairway project, implemented by six Danube countries with EUR 19 million from the European Networking Facility (CEF), has...

Automotive

Used car listing prices climb 43% in 2021

The average price advertised for used cars in Hungary rose 43% close to HUF 4 million last year, state news...

Automotive

Acquisitions, organic growth lift AutoWallis sales in 2021

Acquisitions, as well as organic growth, boosted listed car seller AutoWallis's sales last year, news agency MTI reports citing a...

Transport

Wizz Air to launch Budapest-Chișinău flights in March

Discount airline Wizz Air has announced a new route from Budapest to Moldova's capital Chișinău, according to a press release...

Retail

Czech retail sales surge in November

The Czech retail sales increased further in November, data from the Prague-based Czech Statistical Office (CZSO) showed on Thursday....

Retail

Price cap boosted gasoline sales

A HUF 480/liter temporary retail price cap the government-mandated for gasoline and diesel from Nov. 15 has lifted sales, business...

Automotive

Automotive manufacturing output fell 15.1% y.o.y. in Nov

Automotive manufacturing output, the most significant segment of Hungary's industrial sector, fell 15.1% year-on-year in November, declining at a slower...

Manufacturing

Romania November industrial production declines on year

On a seasonally adjusted basis, Romania's industrial production declined by 1.9% year-on-year in November, following a downwardly revised 4.7% fall...

Automotive

Solus Advanced Materials gets USD 28 mln loan from EBRD

The European Bank for Reconstruction and Development (EBRD) announced a USD 28 million loan for the construction of a plant...

Deals

MOL acquires Lotos petrol stations in Poland for USD 610 mln

Hungarian oil and gas company MOL on Wednesday said it signed agreements with PKN Orlen and Grupa Lotos on the...

Transport

Hódút wins HUF 107 bln contract to build last stretch of M44

Hódút could build the last stretch of the M44 dual carriageway connecting to the M5 motorway in Kecskemét at a...

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...