Industry

Manufacturing

Kész Group Expands Presence in Romania

Kész Group has continued to expand its int'l presence by launching a new manufacturing facility in Moldovenești (Várfalva to Hungarians)...

Deals

Budapest Airport Deal Skews Hungary’s 2024 M&A Data

Hungary “Sees Best M&A Value This Decade,” law firm A&O Shearman says in the second headline of its press release...

Transport

Ryanair Expands Flights, Tempts Gov’t With Promise of 80% Capacity Increase

The Irish budget carrier is adding new routes for Budapest in its summer schedules and has dangled the prize of...

Transport

Transport Minister Signs Intercity Bus Concession Contract with Volánbusz

Volánbusz, a unit of the state-owned MÁV group, will continue to provide intercity bus public transport services in Hungary in...

Automotive

BYD Most Popular Brand Among Applicants for EV Subsidies

China's BYD is the most popular brand among applicants in a government program to support businesses' purchases of electric vehicles,...

Deals

Talks on Contractual Details of Rákosrendező Deal Concluded

Talks between the nat'l asset manager and Budapest's public utilities company on contractual issues governing the purchase of the Rákosrendező...

Automotive

Rába Profit Falls to HUF 43 mln on Financial Losses in 2024

Hungarian automotive company Rába reported an after-tax profit of HUF 43 million in 2024, down sharply from HUF 1.2 billion...

Automotive

Businesses Apply for Subsidies to Buy 6,700 Electric Vehicles

Over 5,400 applications have been submitted for HUF 26.2 billion in subsidies in a scheme to support purchases of electric...

Automotive

Used Car Listings Surge in Hungary, Nearing 200,000 in Early 2025

The Hungarian used car market has shown strong activity in the first two months of the year, with approximately 155,000...

Transport

Wizz Air to Launch Budapest-Mumbai Route: Is New Delhi Next?

Hungarian low-fare carrier Wizz Air will launch a direct daily flight between Budapest and Mumbai before the end of the...

Manufacturing

Soft Drink Maker Márka Announces Revival of Traubisoda Brand

Hungarian soft drink maker Márka Üdítőgyártó has started bottling Traubisoda after signing an agreement with the owner of the local...

Automotive

Audi Hungaria Revenue Reaches EUR 8.611 bln in 2024

Revenue of German-owned car maker Audi Hungaria reached EUR 8.611 billion last year, the automotive company said on Tuesday, according...

Deals

Masterplast to Sign Strategic Coop Agreement With Gov’t

Listed building materials maker Masterplast announced on the Budapest Stock Exchange that a strategic cooperation agreement will be concluded in...

Retail

Mandatory Cap on Supermarket Profit Margins Enters Force

A mandatory 10% cap on supermarket profit margins on some 30 basic food products took effect on Monday, the Ministry...

Automotive

MBH: Target Price for AutoWallis Shares Upped to HUF 225 With Buy Ratin

MBH Investment Bank updated its analysis of AutoWallis’ shares, maintaining its buy rating for AutoWallis shares with a (12-month) target...

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...