Industry

Retail

Probe Establishes Spar Compliance With Commitments

Hungary's Competition Office (GVH) on Wednesday said a follow-up probe showed that Spar Magyarország had complied with commitments to expand...

Manufacturing

Electronic Manufacturing in Hungary: Stakeholders Stand Their Ground Despite Harsh Conditions

Intensifying competition from the East, labor cost pressures, and a rapidly changing supply chain picture are just a few of...

Deals

Prohuman Group Expands in Hungary With Acquisitions in the Outsourcing Market

Prohuman Group has acquired a 75% stake in facility management company Green Vector Kft. and a 100% stake in Protocall...

Deals

Diligent to Invest HUF 37 bln in R&D Base in Hungary

U.S.-based Diligent, a provider of governance, audit, and risk management solutions, will invest HUF 37 billion in establishing a research...

Manufacturing

Robert Bosch Power Tool Inaugurates HUF 54 bln Distribution Center in Hungary

Robert Bosch Power Tool inaugurated a new 54 billion regional logistics and distribution center in Miskolc in Northeastern Hungary on...

Automotive

More Than 5,000 Businesses Apply for EV Subsidies

More than 5,000 businesses have submitted applications for subsidies in a scheme to support purchases of EVs, the Energy Ministry...

Automotive

Serial Production at BMW Plant Debrecen to Start in Autumn

Serial production at German car maker BMW's plant in Debrecen will start in the autumn, Minister of Foreign Affairs and...

Retail

Hungary E-commerce Market Reaches HUF 1.9 tln in 2024

Online sales in Hungary climbed to more than HUF 1.9 trillion last year, growing by nearly 15% year-on-year, news wire...

Retail

Hungarian E-commerce Association Backs EC Proposals

The Ecommerce Hungary Association has voiced members' support for proposals by the EC to ensure safe and sustainable e-commerce imports...

Automotive

BYD Szeged to Employ 10,000 Workers, 20% Engineers

BYD's new electric vehicle plant in Szeged plans to hire 10,000 employees, with 20% of positions designated for engineers, Mayor...

Retail

Retail Sales See Modest Growth in December, but Monthly Decline Reflects Seasonal Trends

Retail sales showed slight year-on-year growth in December 2024, but saw a month-on-month decline, reflecting early holiday shopping and rising...

Transport

Official: Hungarian-Romanian Border Road Upgrades to Start ‘Within Weeks’

The upgrade of roads in the Hungary-Romania border area is scheduled to start "within weeks", involving 20 road sections, a...

Transport

Lázár: M1 Motorway to Be Widened Between Budapest and Győr

The M1 motorway will be widened to six lanes between the capital and Győr, Construction and Transportation Minister János Lázár...

Retail

Pepco Group Revenue Rises by 1.4% Year-on-year in Q4

Pepco Group has reported stable financial results for the final quarter of 2024, with the Pepco brand achieving a 1.4%...

Retail

GTC and Numa Group Launch in Hungary With 1st Location in the Heart of Budapest

Numa Group, Europe’s leading digital hospitality platform, has announced its launch in Hungary with a flagship property in central Budapest...

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...