Industry

Deals

MOL Signs Oil Trade Agreement With KazMunayGas

Hungary's MOL on Monday said it signed an oil trade agreement with Kazakhstan's national oil company, KazMunayGas (KMG), according to...

Retail

Retailers Hit by Special Taxes, Price Caps, Waning Purchasing Power

With a faltering economy resulting in January-May retail sales increasing by just 2.1% year-on-year, the outlook for the sector would...

Automotive

Used Tesla Model 3 Tops EV Market as Prices Drop 17% in H1

Hungary's used electric vehicle market saw a sharp price decline in the first half of 2025, with Tesla leading the...

Transport

Waberer’s and Budapest Airport Partner to Boost Domestic Air Cargo Development

Waberer’s International Nyrt. and Budapest Airport Zrt. have signed a memorandum of understanding (MoU) aimed at driving dynamic growth in...

Manufacturing

Hungary’s Industrial Producer Prices Dip in June but Remain Above Year-Ago Levels

Industrial producer prices in Hungary fell slightly in June from the previous month but remained higher than a year earlier,...

Manufacturing

State Supports Ganz Electric Investment With HUF 6 bln

The state will support a HUF 21 billion investment program at Ganz Transformers and Electrical Rotating Machines with HUF 6...

Transport

MÁV to Spend Over HUF 4 bln on Keleti Renovation

The renovation of the Keleti railway station cannot be delayed any longer, the time has come, we will begin the...

Deals

Apollo Tyres Extends Association With Hungarian Sports Club DVTK

Tire manufacturer Apollo Tyres Ltd. has announced the extension of its partnership with Hungarian sports club Diósgyőri VTK (DVTK) for...

Automotive

Magyar Suzuki Inaugurates HUF 9 bln Capacity Expansion

The local unit of Japanese car maker Suzuki inaugurated a HUF 9 billion capacity expansion and energy efficiency upgrade at...

Transport

Wizz Air Marks Milestone With More Than 1,000 Daily Flights

Wizz Air announced that it has reached a significant milestone in its effort to revolutionize air travel, now operating more...

Automotive

Lamborghini Tops Ferrari in Hungary’s Supercar Search Race, Says Használtautó.hu

According to fresh data from Használtautó.hu for H1 2025, Lamborghini models led in search popularity, though Ferrari claimed more spots...

Automotive

Construction of BYD Plant in Hungary ‘Proceeding on Schedule’

The construction of Chinese vehicle maker BYD's plant in Szeged is "proceeding on schedule", BYD Hungary told Hungarian news agency...

Deals

Bourse and Abu Dhabi Peer Signs MoU

The Budapest Stock Exchange (BSE) and the Abu Dhabi Securities Exchange (ADX) have signed a MoU on deepening relations between...

Automotive

KIA Hungary Targets 900-950 Electric Vehicle Sales This Year

Local sales of electric vehicles manufactured by South Korea's KIA could reach 900-950 this year, KIA Hungary head Norbert Nagy...

Manufacturing

Industrial Output Falls 2.6% in May Despite Auto Sector Growth

Hungary's industrial production declined by approximately 2.6% year-on-year in May, the Central Statistical Office (KSH) confirmed in a second reading...

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...

Pharma

Rooftop Breakfast Offers Helicopter View of AI’s Impact on Pharma

About 50 guests began their day in the beautiful setting of the Duchess Rooftop Bar of the Matild Palace Hotel...

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,...

Lake Balaton Cycling Upgrades to Add Wider Paths and New Bridges

Nearly 20 km of the Lake Balaton cycling circuit will be renovated under two programs financed through EU and domestic...

Rooftop Breakfast Offers Helicopter View of AI’s Impact on Pharma

About 50 guests began their day in the beautiful setting of the Duchess Rooftop Bar of the Matild Palace Hotel...

Resident Evil Game Prices Rise Around Film Premiere

Physical console editions of several Resident Evil games rose in price around the film’s Sept. 17 theatrical release, according to...

FDA Accepts Richter’s Fylrevy Menopause Therapy Application for Review

The U.S. Food and Drug Administration (FDA) has accepted Gedeon Richter’s new drug application for Fylrevy, the Hungarian pharmaceutical company...

Egis Opens Major Pharmaceutical Distribution Center in Fót

Egis has opened a distribution center in Fót with capacity for 30,000 pallets, expanding its finished-product logistics operations to support...

Spar Files New EU Complaint Over Hungary’s Retail Tax

Spar has filed another complaint with the European Commission over Hungary’s retail sector tax, arguing that amendments offer relief only...

Continest and Sweden’s Flexotrap Join Forces on Modular Shooting Ranges

As defense spending grows in importance across Europe following Russia’s full-scale invasion of Ukraine, local firm Continest Technologies Plc. and...

Hungary Retail Sales Rise 2.4% in August

Hungary’s retail sales volume increased 2.4% year on year in August but fell 0.7% from July, according to data from...

Hungarian EV Market Continues to Grow, Leading CEE

Electromobility in Hungary continues to grow. In the first half of the year, 7,497 new all-electric passenger cars were registered,...

GTA VI Preview Sends Hungarian Console Interest Surging

Clicks from Hungarian price comparison site Árukereső to online console retailers rose roughly sevenfold the day after the Aug. 27...