Industry

Manufacturing

Industrial production down 7.8% y.o.y. in June

In June 2020 the volume of industrial production in Hungary dropped by 7.8% year-on-year, according to data published by the...

Transport

Wizz Air Hungary becomes 1st airline with EASA Air Operator Certificate

At the beginning of August, Wizz Air Hungary became the first airline in Europe, to obtain an Air Operator Certificate...

Transport

Wagon Service Travel to supply sleeper cars for MÁV-Start

Slovakian Wagon Service Travel has won a tender called by MÁV-Start, the passenger unit of state-owned railway company MÁV, to...

Automotive

New car registrations down 21% in July

New car registrations in Hungary dropped 21% from a year earlier to 12,045 in July, the Hungarian Association of Vehicle...

Retail

Estonia retail sales rise in June

Estonia retail sales increased in June, data from Statistics Estonia (SE) shows....

Retail

Croatia retail sales drop in June

Retail sales in Croatia decreased 6.2% year-on-year in June, following a 7.8% fall in the previous month, figures from the...

Pharma

Higher sales, lower marketing costs boost Richter earnings

Hungarian pharmaceutical company Gedeon Richterʼs second-quarter net income climbed 80% year-on-year to HUF 31.5 billion, lifted by higher revenue, improved...

Automotive

NNG Prepares for ‘Massive Investment’ in Automotive Cybersecurity

When Martin Pfeifle read last February that researchers had fooled several Tesla cars’ camera systems into accelerating the vehicles from...

Transport

LOT to launch Budapest-Wrocław flights in August

Polish airline LOT will launch a direct route between Budapest and Wrocław on August 24, according to a press release...

Automotive

Domestic new vehicle sales down 5.6% at AutoWallis in H1

Domestic new vehicle sales at AutoWallis fell by 5.6% year-on-year in the first half of 2020, while the groupʼs international...

Deals

Govʼt to sign new strategic co-op deal with local Coca-Cola unit

Hungaryʼs government will sign a new strategic cooperation agreement with the local unit of U.S. soft drink maker Coca-Cola, a...

Transport

Wizz Air’s Váradi: ‘Growth Will Continue’

József Váradi, CEO of Hungary-based Wizz Air, often billed as Central Europe’s largest low-cost carrier, talks to the Budapest Business...

Retail

Online sales up 34% in Q2

Online sales in the second quarter were up 34% annually at HUF 188 billion, Hungarian news agency MTI reports, citing...

Deals

Mid Europa mulls Wabererʼs sale

Private equity company Mid Europa Partners is weighing a sale of its stake in listed Hungarian haulage company Wabererʼs, Wabererʼs...

Transport

Pandemic passenger volume plunge puts Wizz Air in the red

Hungarian low-fare airline Wizz Air booked a EUR 108 million loss in the first quarter of its business year started...

Pharma

Pharmaceutical Logistics Moves Toward Full Automation

Competitiveness in pharmaceutical logistics increasingly depends on digitalization, automation and quality assurance alongside scale....

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 Moves Toward Full Automation

Competitiveness in pharmaceutical logistics increasingly depends on digitalization, automation and quality assurance alongside scale....

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...