Industry

Automotive

BMW to Build Corporation’s Largest Solar Plant in Hungary

German car manufacturing giant BMW's solar plant under construction in Debrecen, in eastern Hungary, will be the largest in Hungary...

Deals

BioTechUSA Becomes Official Sports Nutrition Partner of FC Barcelona

BioTechUSA has entered into a multi-year global partnership with FC Barcelona, one of the world’s most iconic football clubs....

Industry

Hungary’s Producer Prices Climb in July 2024″

The Central Statistical Office (KSH) has released new data showing a notable shift in industrial producer prices in Hungary for...

Retail

Coop Hungary: A Local Giant With a Plan

With a dominant presence in Hungary, retailer Coop has managed to maintain stability even amidst steeply dropping real wages. The...

Transport

New Details Emerge About Sunday Train Derailment Near Keleti

The derailment of a train heading towards Keleti Railway Station was caused by broken fastening bolts on the switch rail,...

Automotive

Rába Books H1 Loss on Weak Demand, Narrowing Margins

Hungarian automotive industry company Raba booked a HUF 448 mln loss in the first half as sales declined and margins...

Retail

Consumer Protection Heightened for Back-to-school Shopping

With the start of school approaching, it is not only students and their parents preparing for the new academic year;...

Retail

Same-Day Delivery Collab Launched by dm and Wolt

Thanks to the Wolt Drive service, orders placed in the dm Online Shop or via the dm App can now...

Automotive

AutoWallis Unveils Comprehensive ESG Strategy for Sustainable Growth

AutoWallis Group has officially released its Environmental, Social, and Governance (ESG) strategy....

Retail

From Fridges and Live Fish to Tequila, Vegan Food and 30-minute Deliveries

Having opened its first Hungarian store in late 1996, British retail chain Tesco says it is working hard to adapt...

Industry

Mezei-Vill Eyes Bosian Iron Ore Investment

Hungary’s Mezei-Vill eyes investment in iron ore mining in Bosnia, ministry says...

Transport

Transport Minister Outlines Action Plan

Minister of Construction and Transport János Lázár outlined a five-point action plan the government will take to address public transportation...

Transport

Railways Central to Nagy Meeting With Chinese EXIM Bank Chief

Minister of National Economy Márton Nagy received Ren Shengjun, CEO and Deputy President of the Chinese Export-Import Bank, in his...

Automotive

AutoWallis Earnings Fall on Higher Costs 

First-half net income of listed car seller AutoWallis fell 55% year-on-year to HUF 3.4 bln as acquisition-related costs weighed, an...

Transport

MOL Bubi Bikeshare Scheme Marks 10 mln Milestone

Budapest's MOL Bubi bikeshare scheme has been used more than 10 million times since an upgrade four years ago, the...

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...