Industry

Pharma

An Eternal ‘Work in Progress’

You may never have heard of ion channels, but they are more important than you think, and they even have...

Manufacturing

Dunapack starting production at HUF 20 bln plant in 2022

Dunapack Packaging will start production at a HUF 20 billion cardboard plant it is building in Dunavarsány (30 km south...

Retail

E-commerce requires more webshops to grow

Hungarian e-commerce is growing rapidly and is currently the 53rd largest e-commerce market globally, but there is still room for...

Pharma

TritonLife Looking to Expand a Healthy Business

Leading private healthcare provider TritonLife Group says it is expanding rapidly to serve growing market needs. Its latest facility also...

Retail

Higher pine tree prices not deterring demand

The 10-20% increase in the price of pine trees expected for this year's Advent will not cause a significant change...

Retail

Alza.hu launches English-language e-shop

Alza.hu announced the launch of its English-language web store, making its product portfolio easily accessible for customers who do not...

Manufacturing

Czech annual industrial output slows in October

Industrial output in the Czech Republic decreased 4.9% year-on-year in October, following a 4% contraction in the previous month, figures...

Manufacturing

Latvia industrial output eases in October

Industrial production in Latvia rose 2.4% year-on-year in October, easing from a 5.8% jump in the previous month, data from...

Transport

HUF 130 bln expansion of rail line connecting to Romania starts

Officials on Tuesday laid the cornerstone of a close to HUF 130 billion project to make a 30 km single-line...

Retail

Czech retail sales accelerate in October

The Czech retail sales accelerated by a working-day 7.2% year-on-year in October, following a 3.5% growth in September, figures from...

Retail

Nearly half inclined to purchase artificial Christmas Tree

Some 45.8% of Hungarians said they would purchase artificial Christmas trees this year, 36% are planning to buy traditional Christmas...

Manufacturing

Industrial production down 3.4% y.o.y. in October

In October 2021, the volume of industrial production fell by 3.4% year-on-year, according to raw data published by the Central...

Deals

CPIPG makes offer for outstanding Immofinanz shares

CPI Property Group (CPIPG) announced an anticipatory mandatory takeover offer for all outstanding shares of Immoginanz AG. Shareholders are to...

Transport

Q3 long-distance passenger transport performance up 13% y.o.y.

The number of passenger-kilometers Hungary's transport industry registered in the third quarter rose 13% year-on-year to 4.9 billion, but was...

Transport

Matolcsy argues against buying Ferenc Liszt Int’l

"There are several important reasons why we should not buy Liszt Ferenc International Airport, as we must strive to reduce...

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...