Industry

Deals

4iG Space Unit Signs MoU With Kazakh Peer

4iG Space and Defence Technologies has signed a memorandum of understanding to identify potential collaboration in the field of space...

Automotive

AutoWallis Sales Rise 3.4% in H1 Boosted by Acquisitions

First-half sales of listed car seller AutoWallis rose approximately 3.4% year-on-year to 26,314, lifted by acquisitions, a preliminary report published...

Pharma

Hungaropharma: Key to Competitiveness is Professional Added Value, Service Experience

In 2024, Hungaropharma Zrt. closed one of the most successful years in its 75-year history. The anniversary was not only...

Automotive

Audi Launches Serial Production of New Model in Hungary

German carmaker Audi launched serial production of its next-generation new model at its Hungarian base in Győr on Thursday, according...

Deals

MET Group Acquires KGE Gas Storage Company in Germany

MET Group, a European energy company headquartered in Switzerland, has acquired 100% of KGE, a natural gas storage operator based...

Automotive

Continental Announces Name of September Group Sector Automotive Spin-off

Continental Group presented the new name for the spin-off it is creating from its Group Sector Automotive unit at the...

Automotive

BYD Raises the Stakes in Hungary, but Will Conditions Play in its Favor?

The EU’s automotive industry is fighting a war on multiple fronts, with tariffs emerging as the latest threat. Hungary’s economy...

Transport

Travel Time Between Budapest and Ferenc Liszt Int’l to Increase Due to M4 Renovation

Between July 7-24, Hungarian Concession Infrastructure Development Zrt. will carry out scheduled refurbishment works on the Vecsés junction section of...

Manufacturing

Hungary’s Industrial Production Falls 2.6% Year-on-Year in May

Hungary’s industrial production fell 2.6% in May compared with the same month a year earlier, according to preliminary data released...

Industry

CATL Debrecen: No Mass Layoffs Made

No mass layoffs have been made at CATL Debrecen, Contemporary Amperex Technology Hungary Kft told state news wire MTI on...

Automotive

Italian Polymer Innovation Drives Automotive Dialogue in Budapest

Italian innovation in the automotive industry took center stage in Budapest on May 14, as the “Polymers and Compounds for...

Pharma

Voluntary Medicine Price Restrictions Now in Effect

Voluntary price restrictions on a range of medicines took effect this Tuesday, according to a statement issued on the Ministry...

Automotive

Hungary Strengthens Position as Automotive Hub in Europe

Hungary is solidifying its status as a key automotive hub in Europe, attracting significant investments and innovation projects from both...

Retail

Hungarian Online Shoppers Increasingly Want Time-specific Deliveries

As age increases, so does the importance of being able to choose delivery times for online orders among Hungarian consumers,...

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...