Industry

Transport

Wizz Air announces new base in Sarajevo

Wizz Air announced opening its 41st base in Sarajevo, Bosnia and Herzegovina, basing one Airbus A320 aircraft at Sarajevo airport...

Retail

Montenegro retail sales fall in December

Montenegro's retail sales fell by a real 8.8% year-on-year in December, after decreasing by 11.9% a month earlier, official figures...

Retail

Retail sales down 4% y.o.y. in December 2020

In December 2020, the volume of sales in retail shops decreased by 3.2% according to raw data and by 4%...

Deals

Cautious optimism for M&A in CEE/SEE with PE firms poised to profit 

In the wake of the COVID-19 pandemic, dealmakers are broadly positive about the prospects for M&A in Central, Eastern, and...

Transport

Czech Smartwings seeks compensation for canceled spring 2020 flights

Smartwings Group, whose holdings include national carrier Czech Airlines, is seeking half a billion crowns (EUR 19.28 million) in compensation...

Deals

AKKO Invest to acquire NEO Property for HUF 18.5 bln

At its Monday meeting, the AKKO Invest Board of Directors decided about the acquisition of NEO Property Services Zrt., one...

Pharma

Elderly in Poland won’t be given AstraZeneca shot, says minister

Elderly people in Poland will not be given the AstraZeneca COVID-19 vaccine, the minister in charge of the program said...

Automotive

AutoWallis sales up 33% y.o.y. in 2020

Listed automotive company AutoWallis’s vehicle sales grew by 39% in 2020 compared to the previous year, with the company’s service...

Automotive

Mercedes-Benz leads premium segment in Hungary

Sales of new Mercedes-Benz passenger cars in Hungary reached 4,501 last year, making it market leader in the premium segment,...

Automotive

New car registrations fall 12% in January

New passenger car registrations in Hungary fell 12% year-on-year to 8,867 in January, the Hungarian Association of Vehicle Importers (MGE)...

Retail

Toy store openings lift Regio Játék sales

Sales of Hungarian toy seller Regio Játék rose 4.5% to HUF 13.8 billion last year, supported by new store openings,...

Retail

Estonia retail sales rise in December

Estonia retail sales increased in December, data from Statistics Estonia (SE) showed on Friday. Retail sales, excluding motor vehicles and...

Retail

Lithuania retail sales drop in December

Lithuania's retail sales declined for the first time in eight months in December, figures from Statistics Lithuania (LS) showed on...

Manufacturing

Falco plans HUF 8.2 bln investment

Austrian-owned wood-based panel manufacturer Falco is investing HUF 8.2 billion at its operations in Hungary, Minister of Foreign Affairs and...

Transport

Wizz Air updates travel insurance offer with COVID coverage

Discount airline Wizz Air announced that it will offer passengers COVID-19 insurance coverage as part of its travel insurance package,...

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,...