Industry

Transport

Wizz Air Lowers Profit Forecast Amid Fleet Groundings, Rising Costs

According to a recent statement, Hungarian low-cost airline Wizz Air has cut its annual net income forecast for the second...

Manufacturing

Industrial Producer Prices Rise 9% in December, Driven by Weaker Forint

Industrial producer prices in Hungary increased by approximately 9% year-on-year in December 2024, according to fresh data from the Central...

Transport

Record Highway Vignettes Purchased Ahead of January 31

According to the National Toll Payment Services, motorists in Hungary have purchased 1.4 million annual highway vignettes for the year,...

Automotive

Toyota Sales in Hungary Climb Close to 5% in 2024

The Japanese Toyota brand's dealerships sold a total of 18,123 new vehicles in Hungary in 2024, up 4.8%, Toyota Central...

Retail

Gov’t Looking to Address Rising Milk, Dairy Prices

The government is closely monitoring milk and dairy product price developments and is prepared to take "firm measures" to ensure...

Deals

Corvinus University and Mastercard Enter Collaboration

A thematic mini-course, a student team competition, and a new scholarship are among the opportunities outlined in the memorandum of...

Transport

Hungary Exploring Purchase of Swiss Trains Amid Rail Modernization Efforts

Hungary is in discussions to acquire a significant fleet of Swiss trains as part of its ongoing efforts to modernize...

Transport

Direct Flight to be Launched Between Budapest and Kuwait City

A direct flight is to be launched between Budapest and Kuwait City, courtesy of Jazeera Airways, Ferenc Liszt International Airport's...

Automotive

Ford CEE Sales Organization Coordinating EDM Adds Danish, Finnish Markets to Portfolio

Ford Central & Eastern European Sales LLC has announced the addition of Denmark and Finland to its European Direct Markets...

Automotive

New Car Registrations in Hungary Climb 49% in December

The number of new passenger car registrations in Hungary rose 48.7% year-on-year to 11,879 in December, data compiled by the...

Automotive

Can Hungary Become a Haven for Future-proof Automotive?

Asian suppliers are leading the charge in automotive’s digitalization, and this has ripple effects at the expense of European competitors....

Transport

More Than 4,700 Companies Apply for EV Subsidies

More than 4,700 businesses have submitted applications for subsidies in a scheme to support purchases of EVs, the Energy Ministry...

Transport

Karácsony to Propose Disabled Accessibility Along Entire M2 Metro Line

Budapest Mayor Gergely Karácsony will propose ensuring disabled accessibility along the entirety of the city’s M2 metro line, the Mayor’s...

Automotive

Mercedes-Benz Solidifies Position in Hungary’s Premium Car Segment

Mercedes-Benz solidified its position in Hungary’s premium automotive segment in 2024, registering 5,069 new vehicles, despite a challenging economic environment,...

Automotive

BMW Sells Nearly 6,300 New Cars in Hungary in 2024

BMW Group Magyarország sold 6,274 new cars in Hungary last year, giving it a 5.2% market share, managing director Zoltán...

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...