Industry

Retail

Czech retail sales growth eases in September

The Czech retail sales accelerated 3.4% year-on-year in September, after a 4.6% growth in August, data from the Prague-based Statistical...

Transport

1,600 km of bike paths developed in Hungary

So far, 1,600 kilometers of such development have been implemented in Hungary this year, Minister for Innovation and Technology László...

Transport

Romania to buy 37 electric trains from Alstom

Italy-based Alstom Ferroviaria SpA on Thursday won the tender to deliver 37 new electric trains for passenger transport kin Romania,...

Pharma

Richter Q3 earnings climb on higher sales, financial gain

Third-quarter net income of Hungarian pharmaceuticals company Gedeon Richter rose 69.2% year-on-year to HUF 38.2 billion, boosted by higher sales...

Manufacturing

Industrial production volume declines in September

In September 2021, the volume of industrial production fell by 2.3% year-on-year, according to raw data by the Central Statistical...

Pharma

MÁV-Volán group offers incentives for inoculation

State-owned railway and bus group MÁV-Volán is offering all of its workers who have already been vaccinated against the coronavirus...

Transport

Waberer’s books Q3 net income over EUR 3 mln

Listed Hungarian haulier Waberer's had third-quarter recurring net income of EUR 3.3 million improving from a EUR 1.1 mln loss...

Retail

Retail sales up 5.8% y.o.y. in September

In September 2021, the volume of retail trade in both raw and calendar-adjusted data was 5.8% higher than in the...

Transport

Workplace mobility becoming key issue for Hungarian companies

As the hybrid remote working model is likely to remain prevalent in the long run, workplace mobility is becoming an...

Retail

Hungary to prohibit deceptive discounting 

Hungary will prohibit retailers from increasing prices just before a promotion to exaggerate advertised discounts under regulations in force from...

Manufacturing

Latvia industrial output quickens in September

Industrial production in Latvia increased 5.8% year-on-year in September, accelerating from a 3.7% jump in the previous month, figures from...

Transport

Motorway vignette prices, pegged to CPI, to rise 4.9% in 2022 

The price of motorway vignettes in Hungary, which were pegged to inflation from this year, will rise 4.9% from the...

Transport

GreenGo upgrading EV fleet

Auto-sharing company GreenGo yesterday announced plans to upgrade its fleet of electric vehicles with ones that can travel farther, according...

Retail

European sporting goods market to surpass USD 30 bln in 2025

The sporting goods market in Europe will grow to USD 30.74 billion in 2025, the Warsaw Business Journal says, citing...

Transport

Wizz Air losses narrow; carrier prepares for ‘exceptional opportunity’ on horizon 

Low-fare Hungarian carrier Wizz Air on Thursday reported a loss of EUR 120.9 million for the first half of its...

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...