Industry

Retail

Porsche Hungaria sells 29,000 vehicles in 2021

Vehicle importer Porsche Hungaria Kereskedelmi, a member of the Volkswagen group, sold 29,000 vehicles in 2021, CEO Balázs Németh said...

Retail

Euronics Stockpiling Early for Christmas

Christmas this year may be merrier than 12 months ago when many were separated from their families due to the...

Retail

Black Friday Sales: Better Than Expected, but Barely

While the odds may have been (mainly) against retailers, sales were not so bad during Black Friday. But prolonged high...

Deals

Netrisk to acquire Austria’s durchblicker

Hungarian insurance broker Netrisk on Friday said it agreed to buy 100% of durchblicker, Austria's leading independent price-comparison portal, according...

Transport

Number of public charging stations in Hungary up 45%

There were 1,627 public charging stations in Hungary at the end of June, up 45pc from a year earlier, the...

Manufacturing

Romania industrial output falls in October

Romania's industrial production declined in October, data from the National Institute of Statistics (INS) showed on Monday. On yearly basis,...

Transport

EV chargers to be installed at Hungarian Stop Shop locations

The Stop Shop retail network, operated by Immofinanz, is set to offer 116 high-performance electric charging stations at all of...

Retail

Bulgarian retail sales slow in October

Bulgaria's retail sales at constant prices went up by 7.6% year-on-year in October, after growing by an annual 8.4% in...

Pharma

Hungary gets first COVID jabs for kids aged 5-11

The first delivery of Pfizer's coronavirus vaccine for children aged 5 to 11 has arrived in Budapest, public television reported...

Transport

Wizz to operate state cargo plane as commercial transport

Hungary's cargo aircraft, acquired after the first wave of the coronavirus pandemic to help ship healthcare supplies, will be operated...

Manufacturing

Slovakia’s industrial production decline slows in October

Slovakia's industrial production retreated 0.6% year-on-year in October, extending losses for the second straight month after a downwardly revised 4.8%...

Deals

Duna House acquires 2nd-largest loan broker in Italy

Listed Hungarian real estate broker Duna House on Friday said it signed an agreement to acquire 70% of HGroup, Italy's...

Automotive

Daimler shuts down production for a month in Hungary

German carmaker Daimler has shut down production at its plant in Kecskemét from December 10 - one week earlier than...

Pharma

Richter enters licensing agreement with Hikma Pharmaceuticals

Hungarian pharmaceutical company Gedeon Richter said it entered into an exclusive license agreement with U.K.-headquartered Hikma Pharmaceuticals to commercialize its...

Manufacturing

MOL set to finish EUR 1.3 bln polyol plant in H2 2022

Hungarian oil and gas company MOL on Friday said it expects to finish construction of a EUR 1.3 billion polyol...

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...