Industry

Transport

7,000 Businesses Apply for Subsidies to Buy Electric Vehicles

Some 7,000 business have applied for subsidies in a HUF 30 billion scheme to support purchases of electric vehicles, the...

Manufacturing

Hungary’s Industrial Output Drops 5% Year-on-Year in April

Hungary’s industrial production declined by 5% in April 2025 compared to the same month a year earlier, according to raw...

Retail

Retail Sales Show 5% Growth in April, Monthly Momentum Continues

Retail trade volume in Hungary rose by about 5% in April 2025 compared to the same month last year, when...

Manufacturing

Ganz Launches New EUR 52 mln Investment Program

Ganz Transformers and Electric Rotating Machines Ltd., one of Hungary’s oldest industrial companies, has unveiled an ambitious EUR 52 million...

Automotive

AutoWallis Secures CEE Distribution Rights to EV Brand NIO

The AutoWallis Group has secured exclusive distribution rights for the electric NIO brand in the highest potential EV markets of...

Transport

Magyar Posta Achieves HUF 5 bln Pre-tax Profit in 2024

State-owned postal company Magyar Posta had an approximately HUF 5.2 billion pre-tax profit in 2024, the company told Hungarian news...

Transport

Government Decides on Airport Rail Link

At a press comference held today, National Economy Minister Márton Nagy announced a government decision to build a EUR 1...

Retail

Coop Group Turnover Increased to HUF 860 bln in 2024

Revenue of members of the Coop group of supermarkets rose by approximately 4% to HUF 860 billion last year, CO-OP...

Transport

BP Public Transport to Halt for 10 Minutes on Friday in Protest Over City’s Financial Struggles

Public transportation in the Hungarian capital will come to a standstill for 10 minutes this Friday, from 11:50 a.m. to...

Deals

MOL to Acquire Majority Stake in BME Operator

Hungarian oil and gas company MOL has made a HUF 50 billion purchase offer for state-owned BME Fenntartó, the operator...

Manufacturing

Hungary’s Industrial Producer Prices Rise 7.9% in April, Decline Slightly from March

Hungarian industrial producer prices rose by 7.9% in April 2025 compared to the same month a year earlier, while edging...

Automotive

Mercedes-Benz Hungary Unit Net Sales Revenue Slips in 2024

Net sales revenue of the local unit of German car maker Mercedes-Benz fell EUR 904 million to EUR 4.171 billion...

Automotive

Rába Books Modest Profit in 1st Quarter as Revenue Falls

Listed Hungarian automotive industry company Raba had first-quarter after-tax profit of HUF 21 million, improving from a HUF 191 mln...

Retail

Gulyás: Gov’t Extends Markups Cap on Food Products Till Aug 31

The government has decided to extend a mandatory cap on markups for a range of food products until the end...

Transport

HungaroControl Gears up for Record Summer Travel

State-owned HungaroControl has undertaken a number of steps to boost capacity and efficiency in anticipation of another record summer 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...

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...