Industry

Automotive

BYD Launches HUF 32 bln Expansion at Hungary Bus Plant

China's BYD laid the cornerstone of a HUF 32bn expansion at its electric bus manufacturing base in Komárom on Friday,...

Transport

Lightning Hits Wizz Air Flight, Forces Emergency Landing in Warsaw

A Wizz Air flight from Budapest to Stockholm was forced to make an unscheduled landing in Warsaw early Friday morning...

Retail

Auchan Magyarország Launches Local Suppliers Program

Auchan Magyarország launched a local suppliers program in cooperation with Magyar Termék Nonprofit at its store in Debrecen on Thursday,...

Retail

Mandatory Food Markups Cap Reduces Prices Around 20%

Prices of food products affected by a mandatory cap on markups have fallen by 20% on average since the government...

Automotive

AutoWallis and Partner to Become Joint Nissan Importers in Moldova as well as Romania

In addition to Romania, AutoWallis has now also obtained distribution rights for Nissan in Moldova together with its Portuguese partner,...

Deals

MOL Signs Agreement to Acquire Uni Operator for HUF 50 bln

MOL signed an agreement on Monday on the purchase of 100% of the operator of the Budapest University of Technology...

Retail

Diego Reopens Largest Shop-in-Shop Store in Zugló

Home décor and flooring retailer Diego has reopened its largest shop-in-shop location inside the Tesco hypermarket in Budapest’s Zugló district,...

Retail

Large Stores Mandated to Have Till Operated by Cashier

The parliament has adopted legislation making it mandatory in retail stores larger than 400 sqms to have at least one...

Pharma

Pharmacies to Enforce Voluntary Drug Price Cuts, Nagy Says

Pharmacies will honor voluntary price reductions by pharma manufacturers and wholesalers by selling the affected products at their listed prices...

Automotive

Businesses Awarded Subsidies for Purchase of 4,000 EVs

Businesses have been awarded subsidies for the purchase of over 4,000 electric vehicles in the framework of a HUF 30...

Automotive

Slumping EU Demand, Chinese Competition Challenge German Car Giants

German automotive manufacturers Mercedes-Benz and Audi have faced deteriorating business conditions in Hungary, as both firms reported declining revenue and...

Automotive

Magyar Suzuki Net Sales Revenue Falls From High Base

Net sales revenue of the local unit of Japanese car maker Suzuki fell 21% to approximatelyEUR 2.25 billion last year,...

Retail

Government Proposes Stricter, Personal Permit-based “Mall Stop” Rules

The government has released a proposal for public consultation to amend the regulation referred to as the “mall stop” law....

Deals

Continest Strengthens U.K. Presence Through 2 New Strategic Partnerships

Continest Technologies Plc. has announced the signing of strategic cooperation agreements with two U.K.-based event service providers: EP Team and...

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...