Industry

Pharma

Goodwill Pharma Signs Cooperation Deal With Novartis Hungária

Goodwill Pharma has signed a cooperation agreement with Novartis Hungária on exclusive distribution and promotion, the company said in an...

Automotive

Automotive Sector Output Falls 11.8% in June

Output of the automotive industry, Hungary's biggest manufacturing sector, fell 11.8% year-on-year in June, a detailed release of data by...

Automotive

More Green Investments at AutoWallis Group

AutoWallis has published its annual Green Bond Allocation and Impact Report on the June 30, 2023, to June 30, 2024...

Transport

Waberer’s Profit Falls as Margins Narrow

Second-quarter net income of listed Hungarian haulier Waberer's fell 61% year-on-year to EUR 5.9 million as margins narrowed and an...

Deals

APS Group Expands With Strategic Acquisitions From B2 Impact

APS Group, a leading investor in non-performing loans (NPLs), has announced the successful completion of two strategic acquisitions from B2...

Automotive

BYD Leads Hungary Market for Battery-only EVs

China's BYD sold 148 vehicles in Hungary in July, making it market leader in the battery-only EV segment, BYD Hungary...

Deals

DRFG Completes Acquisition of TriGranit

Investment group DRFG's portfolio is expanding with the acquisition of one of the largest privately-owned real estate development platforms in...

Manufacturing

Industrial Production Declines Markedly in June

The latest data on industrial production reveals a decline, highlighting the challenges faced by the industry in recent months. In...

Automotive

Number of Battery-only EVs in Hungary Climbs Over 41,000

The number of battery-only electric vehicles registered in Hungary edged over 41,200 in 2023, data compiled by Eurostat show....

Pharma

Improved Margin, Financial Gain Boost Richter Earnings in H1

First-half net income of Hungarian pharmaceutical company Gedeon Richter jumped 103% year-on-year to HUF 138.2 bln, lifted by wider margins...

Transport

Watchdog Launches Another Probe of Wizz Air

Hungary's Competition Office (GVH) on Tuesday announced the launch of a probe of low-fare carrier Wizz Air on suspicion of...

Retail

Retail Sales Rise Year-on-year in June

In June 2024, the Central Statistical Office (KSH) reported a 2.6% increase in Hungarian retail sales compared to the same...

Manufacturing

Liberty Dunaújváros Gets Chinese Support for Green Upgrade

China's Cisdi Engineering has signed a memorandum of understanding with China Export and Credit Insurance Corporation (Sinosure) on underwriting EUR...

Transport

New Seat Reservation and Booking Options at Volán

As the next step in developing the new tariff system based on national and county passes, a unified seat reservation...

Automotive

Used Car Imports Climb 14% in July

The number of imported used cars registered in Hungary rose 14.1% year-on-year to 9,685 in July, listings site JoAutok.hu said...

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...