Industry

Deals

CIB, ORFK Join Forces Against Online Fraud in Hungary

The National Police Headquarters (ORFK) and CIB Bank - a member of the Italian Intesa Sanpaolo Group, signed a cooperation...

Transport

Rail Cargo Hungaria Shifts Ukrainian Steel Wire Imports to Rail

Rail Cargo Hungaria (RCH) has successfully transitioned the transportation of Ukrainian steel wire to rail, replacing a previously road-based system...

Transport

Taxi Drivers Hold Major Demonstration in Budapest

Taxi drivers demonstrated for more favorable taxation, greener and safer traffic conditions, job opportunities, and "an opportunity to make an...

Retail

Hungary’s Retail Sales Increase 4.1% in November

Hungary's retail sales volume grew by 4.1% in November 2024 compared to the same month last year, according to calendar-adjusted...

Industry

Hungary’s Industrial Production Falls by 4.2% in November

Industrial production in Hungary declined by 4.2% year-on-year in November 2024, according to unadjusted data released by the Central Statistical...

Automotive

Most Hungarian Car Buyers Prefer Used Vehicles Over 6 Years Old

Two-thirds of those planning to buy a car in Hungary would rather purchase a used auto, with the average being...

Manufacturing

Hungary’s Industrial Producer Prices Rise 7.9% in November

Hungary’s industrial producer prices rose by 7.9% in November 2024 compared to the same month the previous year, according to...

Transport

Lázár Outlines 10-point Pledge to Improve Public Transport

Construction and Transportation Minister János Lázár outlined a ten-point pledge to improve public transport at a press conference on Wednesday,...

Automotive

Fuel Prices Competitive Compared to Neighboring Countries – Ministry

Prices at the pump in Hungary were competitive compared to those in neighboring countries in the month of December, data...

Automotive

New Car Registrations in Hungary Climb Close to 13% in 2024

The number of new passenger car registrations in Hungary rose 12.9% to 121,607 in 2024, the Hungarian Association of Vehicle...

Retail

Aldi Magyarország Rolls out 8% Pay Rise

Aldi Magyarország is raising store and warehouse staff pay by 8% from January 1, the German-owned discount chain said on...

Automotive

Suzuki Clinches Top Spot in Hungary’s Passenger Car Market in 2024

Suzuki came out on top in Hungary’s new passenger car segment in 2024, achieving a 12.94% market share with 15,732...

Automotive

Around 4,600 Companies Apply for EV Subsidies in Hungary

Approximately 4,600 businesses have submitted applications for subsidies in a scheme to support purchases of EVs, Hungary's Energy Ministry said...

Deals

Budapest Buys out E.ON Stake in Public Lighting Company

Budapest's public works company has bought out E.ON's 50% stake in the city's public lighting company for HUF 4.2 bln,...

Transport

Lufthansa Technik Budapest to Overhaul Norwegian Aircraft Fleet

Lufthansa Technik and Nordic airline Norwegian have a business relationship that goes back 17 years, and the aircraft maintenance firm...

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...