Industry

Manufacturing

DS Smith Announced EUR 34 mln Investment in Hungary

DS Smith, a global leader in sustainable fiber-based packaging solutions, is expanding its innovation footprint in Hungary with a EUR...

Automotive

New Hungarian Electric Bus Receives Type Approval and License Plates

The new Hungarian-made Ganz-SOR EBN8 electric midibus has received type approval and license plates, marking a significant milestone for the...

Automotive

Used Car Sales up 12% in October – JoAutok.hu

Used car sales in Hungary rose close to 12% year-on-year to 81,100 in October, listings site JoAutok.hu said on Thursday,...

Automotive

CATL Plant in Hungary Set to Start Production in 2025

A battery plant being built by China’s CATL in Debrecen, eastern Hungary, will begin production in 2025, the company’s general...

Deals

Budapest Bourse Partnering With Peers, EBRD

The Budapest Stock Exchange and six of its peers in the region, along with the European Bank for Reconstruction and...

Transport

Budapest Airport a Regional Logistics hub for Temu, Shein

Budapest Ferenc Liszt International Airport has become a regional logistics hub for parcels from the Far East, with close to...

Transport

MÁV Group to Undergo Restructuring

The state-owned MÁV Group will undergo a restructuring starting next year, the state secretary for transportation said at an event...

Retail

Lidl to Raise Number of Stores to 250

German-owned supermarket chain Lidl Hungary plans to raise the number of its stores from 210 to 250 in the coming...

Deals

Corvinus Joins QTEM, a Global Network Specialized on Analytics

With the unanimous support of all QTEM member institutions, Corvinus University of Budapest has officially become a part of the...

Manufacturing

Use Plastic Bags: You’ll Save the Planet

Plastics are regarded these days as the no. 1 public enemy in climate protection. Especially if it is in the...

Transport

Minister Briefs Lawmakers on Railway Development Plans

Construction and Transportation Minister János Lázár outlined government plans for railway developments at a meeting of parliament's economy committee on...

Transport

Magnus Aircraft Opens Showroom in Wuxi

Hungary's Magnus Aircraft has opened its first international showroom in Wuxi, China, the company said on Tuesday, news agency MTI...

Pharma

Improved Margin, Financial Gain Lift Richter Earnings

Hungarian pharmaceutical company Gedeon Richter reported a consolidated after-tax profit increase of 42% year-on-year to HUF 175.9 bln for Q1-Q3,...

Manufacturing

Gov’t Urges Liberty Steel to Pay Wages Due Duna Steel Works

The government firmly urges Liberty Steel to pay wages due to Duna Steel Works employees in line with its legal...

Retail

Action at EU Level Could Change Temu Practices – GVH

Concerted action by European Union member states could force Chinese online marketplace Temu to change its commercial practices to comply...

Retail

Aldi Hungary Challenges HUF 123 mln Fine Over Advertising Claims

Aldi Magyarország is seeking a court review of a Hungarian Competition Authority (GVH) decision fining it HUF 123 mln for...

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...

Aldi Hungary Challenges HUF 123 mln Fine Over Advertising Claims

Aldi Magyarország is seeking a court review of a Hungarian Competition Authority (GVH) decision fining it HUF 123 mln for...

Geely Leads Interest in Chinese Car Brands Newly Launched in Hungary

Geely attracted the most interest among Chinese car brands entering Hungary this year, according to January-September data from used car...

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...