Industry

Deals

4iG to acquire Invitech

Listed Hungarian IT company 4iG on Monday said it signed an agreement to acquire 100% of the shares of Invitech...

Manufacturing

Czech book market struggling with paper shortage

Publishing houses in the Czech Republic are struggling with a shortage of paper and cardboard, which, in some cases, forces...

Pharma

Hungary signs MoU on local Sinopharm vaccine production

Hungary has signed a memorandum of understanding on the local production of a COVID vaccine developed by China's Sinopharm, state...

Automotive

Audi Hungária marks Technical Development unit anniversary

Audi Hungária celebrated the 20th anniversary of its Technical Development unit in Győr this week, according to a report by...

Manufacturing

 Rheinmetall, Hungary JV top out Lynx combat vehicle plant

A joint venture of German defense industry supplier Rheinmetall and the state of Hungary topped out a HUF 60 billion...

Retail

Retail lending stock climbs close to 16% in Q2

Hungarian banks' retail lending stock increased 15.8% in the 12 months to the end of June, growing HUF 424 billion...

Transport

E-toll payment system to go offline early Sunday

Hungary's national electronic toll payment system will go offline for an upgrade between 1:00 and 4:00 in the morning on...

Transport

Wizz Air expands Debrecen timetable

Hungarian low-fare carrier Wizz Air will launch new flights and restart others at Debrecen International Airport, a company official said...

Deals

EMH acquires LIFE Egészségcentrum

Első Magánegészségügyi Hálózat (EMH), a joint venture of private healthcare provider Doktor24 Medicina and UNION Vienna Insurance Group, has acquired...

Retail

Czech retail sales growth eases in July

The Czech retail sales increased at a softer pace in July, data from the Prague-based Czech Statistical Office (CZSO) showed...

Manufacturing

Czech industrial production growth slows in July

The Czech Republic's industrial production rose a working-day adjusted 7% year-on-year in July, after a 11.1% growth in June, data...

Retail

Gap announces 1st Hungarian store in Etele Plaza

American casual clothing and accessories brand Gap announced its entry into the Hungarian market through a franchise partnership with Ganeta...

Pharma

Another 250,000 Pfizer jabs delivered to Hungary

More than 250,000 doses of the COVID vaccine developed by Pfizer and BioNTech were delivered to Hungary during the week,...

Manufacturing

Industrial production up 8% y.o.y. in July

In July 2021, the volume of industrial production grew by 8% compared to July 2020, according to data by the...

Retail

Romania retail sales eases in July

Romania retail sales grew at a softer pace in July, figures from the Bucharest-based National Institute of Statistics (INS) showed...

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...