Industry

Retail

Czech retail sales decline in February

The Czech retail sales declined by a working-day 3.0% year-on-year in February, following a 6.4% fall in January, data from...

Manufacturing

Latvia industrial production rises in February

Latvia's industrial production rose in February, data from the Central Statistical Bureau (CSB) showed on Tuesday....

Retail

Penny supports kids with HUF 5 mln thru UNICEF program

Retailer Penny Market joined UNICEF Hungary's "Responsibly for Early Childhood" program as a sponsor in 2020, donating a total of...

Deals

Gov’t blocks VIG takeover of Aegon businesses in Hungary 

Vienna Insurance Group (VIG) on Wednesday said approval of its acquisition of peer Aegon's businesses in Hungary was denied by...

Retail

Bosnia retail sales fall less in February

Retail sales in Bosnia and Herzegovina went down 0.5% year-on-year in February, easing from a 1.7% drop in the previous...

Deals

Opus Global unit to acquire controlling stake in DM-KER

Listed holding company Opus Global on Tuesday said its unit Meszaros M1 made a binding offer to acquire, in a...

Manufacturing

Poland factory sector grows further in March

Poland's manufacturing sector expanded at the fastest pace in over more than three years in March, but fell short of...

Deals

31 mergers and acquisitions closed last year

The number of mergers and acquisitions closed in Hungary last year reached 31, close to the number in 2019, but...

Retail

Serbia retail sales rise in February

Serbia's retail sales increased by a real 2.8% year-on-year in February, after posting a 3.2% annual rise in the previous...

Automotive

Used car imports down 18% in Q1

Imports of used cars fell by 18% in Hungary in the first quarter of 2021 in a year-on-year comparison, according...

Pharma

Richter takes ‘initial steps’ to BGS bond issue

Pharmaceutical company Gedeon Richter last week said its management had taken "initial steps" to participate in the Bond Funding for...

Deals

Bourse turnover up at HUF 259 bln in March

Share turnover on the Budapest Stock Exchange reached HUF 259 billion in March, up from HUF 220 bln in February...

Retail

EuroCenter mall to be renovated

Developer WING will begin renovating the EuroCenter mall in Óbuda this spring, according to a press release sent to the...

Automotive

Ford expands SSC capacity in Hungary

Ford Motor company on Wednesday announced the establishment of Ford Business Solutions Europe in Budapest, according to a report by...

Retail

Estonia retail sales growth slows in February

Estonia retail sales, excluding motor vehicles and motorcycles trade, rose 4% year-on-year in February, after a 7% growth in January,...

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,...