Industry

Transport

Northern Veszprém transport routes renewed for HUF 3 bln

The transport routes of the northern industrial area of Veszprém (115 km southwest of Budapest) have been renewed for more...

Automotive

Continental spends HUF 4.2 bln to expand R&D in Hungary

German-owned Continental Automotive Hungary is spending HUF 4.2 billion to expand its research and development centers, Minister of Foreign Affairs...

Pharma

Serbia starts production of Sputnik V vaccine

Belgrade's Institute of Virology, Torlak, officially started producing Russia's Sputnik V COVID-19 vaccine on Serbian soil on Friday (June 4),...

Automotive

Autonomous Cars Taking Over the Wheel Step by Step

U.S. animated sitcom “The Jetsons” first aired on September 23, 1962, and envisaged a future where cars would fly. While...

Automotive

Rising Commercial Sales Help Ford to Motor On

Attila Szabó, Ford managing director for the Czech Republic and Hungary, tells the Budapest Business Journal how the American automaker...

Automotive

Hungary ‘Well Placed’ to Become an Automotive Innovation Hub

The Budapest Business Journal discusses the ongoing importance of the automotive sector to the local economy with the Hungarian Investment...

Automotive

‘Beauty, Performance, and Pedigree’: the Kincsem Hyper GT

A Swiss-Hungarian-U.K. project to create the ultimate sports car of tomorrow has reached back into Hungary’s history to draw on...

Automotive

Audi, Suzuki Motor on Despite Chip Shortage

The global semiconductor supply shortage has not affected production at two of Hungary’s most established OEMs, Magyar Suzuki and Audi...

Automotive

Automotive Sector Within the Scope of Planned NIS II Cybersecurity Rules

The current EU cybersecurity directive (Directive on Security of Network and Information Systems, or NIS I) has been revised by...

Transport

Montenegro’s new flag carrier to start regular operations next week

ToMontenegro, the successor of flag carrier Montenegro Airlines, plans to start regular commercial operations with a flight linking Podgorica and...

Retail

Retail sales up 10.6% y.o.y. in April

In April 2021, the volume of retail trade increased by 9.9% in raw data and by 10.6% in calendar-adjusted data,...

Transport

HungaroControl directed 47,375 aircraft in June

HungaroControl's air traffic controllers directed 47,375 aircraft in June, 167% more than in the same month a year earlier, but...

Transport

Wizz Air racks up EUR 576 mln loss for pandemic business year

Hungarian low-fare carrier Wizz Air booked a EUR 576 million loss for its business year ended March 31, state news...

Manufacturing

Czech Republic factory activity at all-time high in May

The Czech Republic Manufacturing PMI increased climbed to a record high of 61.8 in May from 58.9 in the previous...

Automotive

AutoWallis EBITDA almost triples in Q1

AutoWallis reported a 142% year-on-year increase in revenue and a 188% y.o.y. increase in EBITDA in its first-quarter management report,...

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,...