Industry

Deals

OTP Bank signs agreement to buy bank in Albania 

OTP Bank on Monday said it signed an agreement to acquire 100% of the Albanian subsidiary of Greece's Alpha Bank...

Transport

Bahart expects HUF 5.7 bln order by next season

State-owned Bahart, which operates a ferry and pleasure boat service on Lake Balaton, will take delivery of two ferries and...

Pharma

Gov’t signs strategic cooperation deal with Roche

Hungary's government signed a strategic cooperation agreement with Swiss pharmaceutical group Roche, according to a report by state news wire...

Transport

90% of Wizz Air crew members vaccinated

Wizz Air announced that 90% of its crew members are now vaccinated, following the company's introduction of a December 1...

Retail

Retail sales up 5.7% y.o.y. in October

In October 2021, the volume of retail trade in both raw and calendar-adjusted data was 5.7% higher than in the...

Retail

Serbia’s retail sales rise in October, GDP growth slows in Q3

Serbia's retail sales increased by a real 4.0% year-on-year in October, after posting a 4.3% annual rise in the previous...

Manufacturing

Croatia industrial activity, retail sales slow in October

Industrial production in Croatia advanced 2.7% year-on-year in October, following a 2.8% rise in the previous month, figures from the...

Pharma

Small pharmas in ‘non-stop crisis management’

The prices of the products of small Hungarian pharmaceutical manufacturers are one-third of the average pharmaceutical prices, a box of...

Retail

Estonia retail sales rise in October, economy growth slows in Q3

Estonia retail sales increased in October, data from Statistics Estonia (SE) showed on Tuesday....

Transport

Budapest Airport among world leaders in carbon neutrality

Budapest Airport has been awarded carbon neutral certification for the fourth year in a row, continuing to be one of...

Retail

Slovenia retail trade growth increases in October

Retail sales in Slovenia advanced 34.3% year-on-year in October after rising by an upwardly revised 18.6% in September, figures from...

Retail

Szervita Square Building: a new retail hub in downtown Budapest

Horizon Development’s most recently completed crown jewel, Szervita Square Building transformed downtown Budapest’s urban fabric architecturally and contributed to the...

Retail

Lithuania retail sales growth eases in October

Lithuania's retail sales increased at a softer pace in October, figures from the Vilnius-based Statistics Lithuania (LS) showed on Friday....

Automotive

Motorists pay 3% less for compulsory vehicle insurance

Motorists in Hungary paid an annual premium of HUF 44,027, on average, for compulsory vehicle insurance in the third quarter,...

Manufacturing

Bosnia industrial output growth slows in October

Industrial production in Bosnia and Herzegovina rose 8.2% year-on-year in October of 2021, easing from a 9.3% increase in the...

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...