Industry

Transport

Wizz Air reports EUR 114 mln Q1 loss

Low-fare Hungarian carrier Wizz Air on Wednesday reported a first-quarter loss of EUR 114.4 million in its business year started...

Automotive

Supply-chain woes cause 3-week shutdown at Daimler plant

German carmaker Daimler is shutting down production at its plant in Kecskemét (82 km southeast of Budapest) for three weeks...

Manufacturing

Lithuania industrial production rises in June

Lithuania's industrial production rose a working-day adjusted 20.1% year-on-year in June, figures from Vilnius-based Statistics Lithuania (LS) showed on Friday....

Deals

Co-founder of Netflix invests in Polish startup

Mitch Lowe, the co-founder of Netflix, longtime CEO of Redbox and Moviepass, has joined UseCrypt. The official merger took place...

Retail

Domestic e-commerce characterized by growing competition

Domestic e-commerce has been characterized by increasing competition from year to year, which has progressed three times in one year...

Automotive

AutoWallis raises HUF 6.7 bln with BGS green bond issue

Listed car seller AutoWallis secured HUF 6.7 billion of financing with the issue of a green bond in the framework...

Manufacturing

Ferzol finishes HUF 2.3 bln expansion

Hungarian tool and metalworking company Ferzol on Thursday announced the completion of a more than HUF 2.3 billion capacity expansion...

Retail

Wolt Market to be launched in Hungary

Wolt Market, Wolt's own delivery-only store, will be launched in Hungary this fall, according to a press release sent to...

Retail

Poland retail sales grow in June

Poland's retail sales grew 8.6% year-on-year in June, compared to a 1.3% fall in the same month last year, figures...

Retail

Spar spends more than HUF 1 bln on store upgrades

Spar has spent more than HUF 1 billion on upgrades of stores in Nagykanizsa (194 km southwest of the capital)...

Deals

MTK joins forces with Resysten to allow safe return of fans

Resysten, a company that manufactures an antimicrobial coating that protects surfaces from the spread of COVID-19 and other pathogens for...

Manufacturing

Polish industrial production slows in June

Poland's industrial production grew 18.4% annually in June, following 29.8% increase in the previous month, data from the Central Statistical...

Pharma

Another 260,000 doses of Pfizer COVID vaccine delivered

Another 260,000 doses of the COVID vaccine developed by Pfizer and BioNTech have arrived in Hungary this week, the local...

Transport

Record cargo traffic at Budapest Airport in H1 2021

Budapest Airport handled some 86,798 tons of air cargo during the first half of 2021, which is the strongest result...

Pharma

EC approves commercialization of Richter’s uterine fibrosis drug

Gedeon Richter Plc. announced that the European Commission (EC) has granted approval for the marketing authorization of RYEQO a novel...

Pharma

Pharmaceutical Logistics: From Reliable Support to Strategic Partnership

Pharmaceutical logistics now encompasses much more than warehousing and transportation. László Dene, deputy CEO for business at Hungaropharma Zrt., discusses...

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...

Pharmaceutical Logistics: From Reliable Support to Strategic Partnership

Pharmaceutical logistics now encompasses much more than warehousing and transportation. László Dene, deputy CEO for business at Hungaropharma Zrt., discusses...

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,...