Industry

Automotive

AutoWallis Reports Strong Sales Growth, Eyes Record Year

The AutoWallis Group has reported a robust increase in vehicle sales for the first nine months of 2024, positioning the...

Deals

MOL Group, TPAO Sign MoU on Strategic Partnership

Hungary's MOL Group and the Turkish Petroleum Corporation (TPAO) have signed a memorandum of understanding on a strategic partnership in...

Transport

‘Continuous Improvement’ Crucial Amid Seasonal Fluctuations

As the European airline tourism season begins to tail off post-summer, the aircraft maintenance business of Lufthansa Technik at Budapest...

Automotive

MG Market Share in Hungary Increases

MG Motor Hungary is sticking to its target of 3% market share for the British-origin, Chinese-owned car brand MG, the...

Transport

Payouts of EV Subsidies for Businesses Reach HUF 2 bln

More than HUF 2 billion of subsidies in a scheme to support businesses' purchases of electric vehicles has been paid...

Automotive

AutoWallis Maintains Growth Projections Despite Market Challenges

Despite turbulent market news, AutoWallis remains confident, with analysts projecting a one-year target price of HUF 223 for the company’s...

Manufacturing

Unilever to Start Manufacturing Global Deodorant Brands in Hungary

Unilever is set to manufacture well-known deodorant brands in Hungary. In the near future, production of Axe, Rexona, and Dove...

Transport

Vitézy Calls Extraordinary Budapest Assembly Meeting Over HÉV Service Cuts

Dávid Vitézy, a politician who works with the LMP-Greens in the Budapest assembly, has convened an extraordinary meeting of the...

Pharma, Podcasts

Roundtable Panelists Engage With Pharmaceutical Challenges

About 50 guests attended the third Pharma CEO Breakfast, organized by the Budapest Business Journal and its professional partners Pheonix...

Retail

Hungary’s Retail Sales up 4.1% in August

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

Deals

PwC Acquires Research and Consulting Firm GKID

GKID has entered into an agreement with PwC under which PricewaterhouseCoopers Magyarország Kft. acquires a 100% stake in GKID Research...

Manufacturing

Gov’t Made ‘Every Effort’ to Save Dunaújváros Steelworks – Ministry

Hungary's government has made "every effort" to save the Dunaújváros steelworks, while India's Liberty Steel, which acquired the steelworks in...

Deals

Watchdog Clears Mevinvest Buyout Offer for Akko Invest

The National Bank of Hungary (MNB) has approved a buyout offer by Mevinvest for the shares of Akko Invest, real...

Retail

Online Marketplace Allegro Enters Hungary

Allegro, Europe’s largest online marketplace, has announced its expansion into Hungary with the launch of Allegro.hu, offering more than 150...

Deals

HungaroControl, Budapest Airport Sign Partnership Agreement

Air traffic control company HungaroControl and Budapest Airport, the operator of Ferenc Liszt International, signed a strategic partnership agreement in...

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...