Industry

Transport

M6-A5 Motorway Link Completion Pushed to Late July

Although final work is underway, the long-awaited connection between Hungary's M6 motorway and Croatia's A5 will not be completed by...

Automotive

Autowallis to Use Last Year’s Profits to Support Implementation of Growth Strategy

Shareholders at AutoWallis’s GM approved the company’s 2024 annual accounts, which includes AutoWallis’s 4th Sustainability Report in compliance with the...

Transport

LTB Closes Biggest Order and Takes Off for the Future

A remarkable COVID-era story has finally concluded with a plane taking off from Hungary four-and-a-half years after it was parked...

Automotive

Hungary Hoping Defense Can Supercharge Automotive

With geopolitical tensions and rearmament in play, defense holds the promise of more business for automotive stakeholders. While demand for...

Transport

Ferenc Liszt International Airport Closed Q1 With More Than 4 mln Passengers

Following the record-breaking year of 2024, passenger traffic at Ferenc Liszt International Airport has continued to increase steadily this year,...

Automotive

Businesses Apply for Over HUF 30 bln of Subsidies to Buy EVs

Businesses have applied for more than HUF 30 billion of subsidies in a scheme to support purchases of EVs, the...

Automotive

AutoWallis Q1 Sales Climb on Acquisitions, Used Vehicle Segment Sees Strong Surge

Budapest Stock Exchange-listed AutoWallis Group started 2025 with solid gains in vehicle sales, driven largely by international acquisitions completed last...

Automotive

Used Electric Vehicle Prices Drop Sharply in Hungary, Tesla Model 3 Becomes Most Popular

The average price of used electric vehicles in Hungary has dropped by more than HUF 1 million compared to the...

Transport

Skytrax: Ferenc Liszt Int’l Airport Named Best Airport in the Region for the 12th Time

Ferenc Liszt International Airport has been awarded the best airport in Eastern Europe by aviation research organization Skytrax for the...

Automotive

Businesses Apply for HUF 29.7 bln of Subsidies to Buy EVs

Businesses have applied for HUF 29.7 billion of subsidies in a scheme to support purchases of EVs, close to the...

Manufacturing

Ganz Transitions to Green Energy for Manufacturing Activities

The construction of the solar power plant and energy storage system for Ganz Transformers and Electric Rotating Machines has been...

Automotive

Foreign Minister: Automotive Industry’s Interest in Hungary on the Increase

The automotive industry's interest in Hungary has "increased significantly in recent days", as the country provides a stable environment for...

Retail

Hungary’s Retail Sales Rise 3.3% in February, Monthly Sales Slightly Down

Hungary's retail sales rose by 3.3% in February compared to a year earlier, boosted by strong demand for food and...

Automotive

Obituary: Osamu Suzuki, the man who Brought Auto Manufacturing to the Banks of the Danube

Osamu Suzuki, the businessman who led his eponymous motor company for more than four decades, died of lymphoma in his...

Manufacturing

Hungary’s Industrial Output Falls 8.7% in February

Hungary’s industrial production fell sharply in February 2025, dropping 8.7% year-on-year, according to preliminary data released by the Hungarian Central...

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...