Industry

Automotive

Continental investing HUF 25.6 bln at plants in Hungary

German automotive industry supplier Continental will spend HUF 25.6 billion to install production lines for next-generation vehicle electronics at its...

Transport

Motorway vignette prices to rise from 2021

The price of motorway vignettes in Hungary will be raised next year, in line with a new system that pegs...

Retail

Croatia retail sales fall further in October

Croatiaʼs retail sales fell 2.5% from a year earlier in October, eight consecutive months of decline, as the COVID-19 crisis...

Retail

Divestment of Tescoʼs Polish business enables focus on other V4 countries

U.K. supermarket chain Tescoʼs divestment of its business in Poland allows the company to focus on its activities in Hungary,...

Manufacturing

Industrial prices up 5.9% y.o.y.

Industrial producer prices as a whole were 5.9% higher in October 2020 than in the same period of the previous...

Automotive

Intelligent mobility day at ZalaZONE

MAN Truck & Bus and Porsche Hungaria organized an intelligent transport event on the ZalaZONE Automotive Proving Ground in Zalaegerszeg...

Transport

Lufthansa Systems Hungária expands base in Szeged

Lufthansa Systems Hungária is expanding its software development and testing base in Szeged (162 km southeast of Budapest), raising headcount...

Deals

Vienna Insurance Group acquires Aegon Eastern Europe businesses

Vienna Insurance Group (VIG) on Sunday said it agreed to acquire the businesses of Dutch peer Aegon in Hungary, Poland,...

Retail

Number of Christmas gift recipients expected to narrow

As a result of the coronavirus, this year an average Hungarian Internet user is expected to buy Christmas presents mostly...

Retail

Black Friday: ’Tis the day to Shop Online

The day this issue is published, November 27, is the official Black Friday. From now, there are 26 days to...

Retail

Customers Spending Generously During Black Friday

While price cuts are not as significant as in the United States, the Black Friday promotion has become increasingly popular...

Retail

Shopping Malls and Christmas Under the COVID Cloud

The coronavirus found everyone unprepared at the beginning of this year, and it took its toll especially hard on business...

Pharma

Coronavirus Roundup: Mass Testing Launched for Social Institutions

Prime Minister Viktor Orbán said the launch of targeted, mass COVID-19 testing would be the “biggest task of the week”...

Retail

Sales of Christmas trees to reach HUF 15 bln this year

Turnover in Christmas trees is set to increase to HUF 15 billion in Hungary this year from HUF 12 bln...

Deals

GVH approves AutoWallis’s acquisition of majority ownership in Iniciál

The Hungarian Competition Authority (GVH) has approved the majority ownership of AutoWallis in Iniciál Autóház Kft., a significant company of...

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,...