Industry

Automotive

BYD Strengthens Position on Hungarian EV Market

China's BYD sold 558 electric passenger cars in Hungary in January-April, more than double the number in the same period...

Automotive

AutoWallis Q1 2025 Income Drops 57% to HUF 600 mln

AutoWallis reported a 57% year-on-year drop in net income to HUF 600 million in the first quarter of 2025, according...

Deals

Group.one to Acquire MiniCRM

Group.one has signed an agreement to acquire MiniCRM Zrt. including its Romanian subsidiary MiniCRM Software SRL, a leading provider of...

Retail

Markup Cap on Household Products Comes Into Effect

The government has decided to mandate a 15% cap on markups on household products in 30 categories, news wire MTI...

Automotive

Gov’t Signs New Strategic Cooperation Agreement With Audi

The government has signed a new strategic cooperation agreement with Audi, Minister of Foreign Affairs and Trade Péter Szijjártó said...

Deals

Corvinus Uni Signs New Strategic Partnership With Leading Asian University

Corvinus University and the Chinese University of Hong Kong Shenzhen Research Institute (CUHK SZRI) signed a strategic partnership deal to...

Deals

B+N Referencia Zrt. Strengthens Position in Italy With Another Acquisition

Sagad s.r.l., the Italian subsidiary of B+N Referencia Zrt., has signed an agreement to acquire the facilities management business of...

Manufacturing

Hungary’s Industrial Production Stagnates in March

Industrial production in Hungary stagnated in March compared to the same month of the previous year, according to the latest...

Retail

Most Shoppers Will Spend More for a Chance to Win, Survey Finds

Nearly all Hungarian shoppers are willing to spend more money if it increases their chances of winning a prize, according...

Automotive

Application Deadline for EV Charging Station Financing Extended

The deadline to apply for financing to install electric vehicle charging stations in a scheme launched in the fall has...

Transport

Uber Green and Uber Comfort Services Launched in Budapest

Uber is expanding its range of services in Budapest with the launch of two new ride categories: Uber Green and...

Automotive

BYD Signs Cooperation Deal With Vocational Training, Higher Education Institutions

BYD Auto Hungary, the local unit of Chinese EV maker BYD, which is building a plant in Szeged, signed a...

Retail

Cabinet Could Discuss Non-food Markups Cap Wednesday

The government could discuss a measure that would cap markups on a range of household products at specialized shops at...

Automotive

AutoWallis Group Opens Its 1st Truck Sales Point and Repair Shop in the Czech Republic

The AutoWallis Group has opened its first Mercedes-Benz Trucks sales point and repair shop, bolstering its presence on the Czech...

Retail

Hungarian Retailers Pressing for Phase-out of Markups Cap

Retailers' association OKSZ recommended the government phase out a cap on markups on a range of food products and argued...

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...