Industry

Manufacturing

Hydro’s Aluminum Recycling Plant Starts Operations in Hungary

Norway’s Hydro officially opened its new aluminum recycling plant in Székesfehérvár (64 km southwest of Budapest by road) on Sep....

Automotive

No Light yet at the end of Automotive Tunnel

The automotive sector in Hungary, so long the engine of the local economy, is struggling against the backdrop of sluggish...

Automotive

1st Cupra Terramar Rolls of Audi Hungaria Production Line

The first Cupra Terramar model rolled off the production line at German automaker Audi's factory in Győr (120 km northwest...

Automotive

HUF 1 bln in EV Subsidies Paid Out

The first HUF 1 billion of subsidies in a scheme to support businesses' purchases of electric vehicles has been paid...

Automotive

ALD Automotive | LeasePlan Unveils New Global Mobility Brand Ayvens

ALD Automotive | LeasePlan, the largest fleet management and mobility service provider in Hungary, will continue its activities under a...

Deals

Akko Invest Board Recommends Refusing Mevinvest’s Share Purchase Offer

The Board of Directors of Akko Invest Nyrt. has provided its opinion on the mandatory public offer made by Wing...

Automotive

Hungary a ‘Frontrunner’ in Advancing Electromobility – State Sec

Hungary is a "frontrunner" in terms of efforts to advance electromobility, State Secretary for Industrial Policy and Technology Gergely Fábián...

Deals

Hungary to Acquire Controlling Stake in GySEV

The state of Hungary could acquire Austrian construction company Strabag's stake in GySEV, giving it a majority holding in the...

Automotive

DHL Doubles Electric Van Fleet in Budapest

DHL Express Hungary has announced a significant expansion of its zero-emission fleet in Budapest, doubling the number of electric delivery...

Manufacturing

Hydro Begins Operations at Aluminum Recycling Plant

Norway's Hydro has started operating a new aluminum recycling plant in Székesfehérvár (65 km southwest of Budapest by road), according...

Transport

Paralympians Return Home With Special Wizz Air Plane

Hungary’s Paralympic team returned from the Paris 2024 Games on Monday aboard a specially-painted Wizz Air plane, landing at Budapest's...

Transport

LMP Launches Petition Calling For Transport Minister Lázár’s Resignation

Opposition LMP on Monday said it has launched a petition calling for the resignation of János Lázár, the construction and...

Transport

Bahart Ferries Carried 1.23 mln Passengers This Summer

The ships of Lake Balaton ferry company Bahart had carried 1.23 million passengers by the end of the summer....

Manufacturing

Industrial Production Drops in July Amid Sectoral Weakness

Hungary's industrial production fell by 1.3% in July 2024 compared to the same month last year, according to data from...

Deals

VGD Hungary Audit and HLB Hungary to Merge

As of January 1, 2025, VGD Hungary Audit Ltd., one of Hungary’s leading audit advisory firms, is to merge with...

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...