Industry

Retail

NAV inspecting fuel price cap enforcement

The National Tax and Customs Authority (NAV) started inspecting fuel stations this week after government rules capping the price for...

Manufacturing

Strong demand for building materials lifts Masterplast earnings

Third-quarter net income of listed Hungarian building materials maker Masterplast rose 138% year-on-year to EUR 5,018,000, boosted by strong market...

Pharma

MOL requires COVID immunity to work

Hungarian oil and gas company MOL on Tuesday said it is requiring its employees to get their COVID jabs or...

Pharma

Another 240,000 Pfizer jabs delivered to Hungary

More than 240,000 doses of the COVID vaccine developed by Pfizer and BioNTech were delivered to Hungary during the week,...

Automotive

Hankook spending EUR 32 mln on warehouses in Hungary 

South Korean tire maker Hankook is spending more than EUR 32 million on warehouses at its base in Rácalmás (about...

Deals

Employers, unions, and gov’t sign minimum wage deal

Representatives of employers, unions, and the government signed an agreement on Monday that will raise the minimum wage by over...

Transport

Budapest Airport’s new main gate opens

Budapest Airport has completed construction and put into operation a new main gate serving its staff and partners, located near...

Pharma

Budapest hosts international drug research conference

The International Conference on Advances in Pharmaceutical Drug Development, Quality Control and Regulatory Sciences (DDRS 2021) opened in Budapest on...

Retail

Hungarians to spend HUF 10,000-13,000 on toys at Christmas

Hungarians are expected to spend HUF 13,000 on toys on average in the pre-holiday period when shopping online and HUF...

Retail

Bulgaria retail trade slows in September

Retail sales in Bulgaria rose 8.4% year-on-year in September, after a 12% increase in the previous month, figures released by...

Manufacturing

Slovak industrial output slumps in September

Slovakia's industrial production shrank by 4.9% year-on-year in September, following a 0.8% rise in the previous month, figures released by...

Retail

43% of webshops saw turnover increase during pandemic

Some 43% of the webstores operating in Hungary reported a turnover increase during the coronavirus pandemic, and just 12% posted...

Automotive

AutoWallis raises HUF 10 bln in public share offering

AutoWallis has raised HUF 10 billion in a public share offering closed on November 9, the listed car seller said...

Retail

Romania retail sales slows in September

Retail sales in Romania rose by 8.4% year-on-year in September, after a downwardly revised 11.3% growth in the previous month,...

Manufacturing

Nestlé launches HUF 35 bln expansion at pet food plant

Nestlé Hungária on Monday announced the launch of a HUF 35 billion upgrade and expansion at its pet food plant...

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...