Industry

Automotive

Chervon Auto to set up HUF 17.5 bln car parts plant in Hungary

Chinese-owned Chervon Auto will set up a HUF 17.5 billion car parts plant in Miskolc (148 km northeast of Budapest),...

Transport

MÁV-Start to expand repair facilities with HUF 800 mln investment

MÁV-Start, the passenger business of state-owned Hungarian railway company MAV, is investing HUF 800 million in expanding capacity at its...

Retail

Retail Faces Major Challenges

The retail sector (along with hotel and hospitality) is seen as being under most threat in the COVID pandemic and...

Automotive

Automotive sector output climbed 6.2% y.o.y. in August

Output of Hungaryʼs automotive sector climbed 6.2% year-on-year in August, rising for the first time since before the start of...

Deals

PPF Group completes acquisition of SEE-active CME

Dutch-registered PPF Group said on Tuesday it wrapped up the acquisition of media and entertainment group Central European Media Enterprises...

Deals

4iG signs agreement to buy INNObyte majority stake

Listed IT company 4iG on Wednesday said it signed an agreement to buy a majority stake in INNObyte and its...

Retail

Serbia FX reserves decline in September

The foreign exchange (FX) reserves held by Serbiaʼs central bank fell to EUR 13.03 billion (USD 15.38 billion) at the...

Retail

Bulgaria retail sales continue to drop in August

Bulgariaʼs retail sales fell 12.2% year-on-year in August after decreasing by an annual 17.5% in the previous month, the National...

Transport

MÁV-Start to offer collection agencies HUF 3 bln in unpaid fines

MÁV-Start, the passenger business of state-owned Hungarian railway company MÁV, will soon offer to sell collection agencies some HUF 3...

Deals

Hungarian consortium could acquire Budapest Airport, report says

A consortium of Hungarian companies and business people want to acquire Ferenc Liszt International operator Budapest Airport, public television news...

Automotive

Domestic cars nearly 15 years old on average

On average, domestic cars are nearly 15 years old, according to the Ministry for Innovation and Technology, writes novekedes.hu....

Manufacturing

Czech industrial production falls in August

The Czech Republicʼs industrial production declined a working-day adjusted 5.5% year-on-year in August, following a 5% fall in July, data...

Transport

BKK sells HUF 14 mln in tickets for non-operational 100E airport bus

The Government Office of the Capital City of Budapest has initiated proceedings against the Budapest Transport Center (BKK) for selling...

Retail

Inditex to bring latest store design concepts to Etele Plaza

Inditex Group will be present in Etele Plaza, Buda’s largest shopping and entertainment center, with all of its brands available...

Deals

New sales and marketing director at Kempinski Hotel Corvinus Budapest

With the departure of Alexandra Schmidt – on maternity leave since September 1 – Judit Dénes took over the position...

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,...