Industry

Retail

Bulgarian Retail Sales Growth Slows in May

Retail sales in Bulgaria increased by 1.6% year-on-year in May, slowing down from a 9.9% rise in the previous month,...

Automotive

BMW Leads Premium Segment in Hungary

BMW Group Magyarország sold 2,765 new BMW models in Hungary in the first half, making it market leader in the...

Automotive

Hipa: Punitive Tariffs on Chinese EVs Don’t Benefit Automotive Industry

Punitive tariffs on some Chinese EVs imposed by the European Commission benefit neither consumers nor manufacturers in Europe, the CEO...

Transport

Vehicles With Green License Plates Rises to 100,000+

The number of vehicles with green number plates in Hungary has risen to more than 100,000, the Ministry of Energy...

Retail

Retail Sales up 3.6% y.o.y. in May

In May 2024, the volume of retail trade in Hungary according to both raw and calendar-adjusted data was 3.6% higher...

Transport

UPS Healthcare Invests Over EUR 20 mln to Boost Temperature-Controlled Fleet

UPS Healthcare is investing more than EUR 20 million in buying over 200 state-of-the-art, temperature-controlled vehicles to enhance its comprehensive...

Retail

Czech Retail Sales Growth Eases in May

Retail trade in the Czech Republic grew 4.4% year-on-year in May, slowing from an upwardly revised 5.7% gain in the...

Manufacturing

Estonian Industrial Output Falls Further in May

Estonia's industrial production fell 1.2% year-on-year in May, easing from an upwardly revised 4.8% drop in the previous month, data...

Transport

Budapest Airport Sets up Support Points for Passengers Waiting out Delays

Budapest Airport has designated dedicated waiting areas for passengers facing flight delays, the operator of Ferenc Liszt International said on...

Automotive

Production and Share up at Magyar Suzuki, Despite Shrinking Market

Presenting its 2023 results on June 12, Magyar Suzuki Corporation says production grew markedly, with a focus on hybrid models....

Transport

François Berisot Appointed CEO of Budapest Airport (June 28, 2024)

François Berisot has been named the new CEO of Budapest Airport Zrt., effective June 6. Berisot has more than two...

Transport

Hungary Launches Further Consumer Protection Probes of Airlines

Justice Minister Bence Tuzson on Thursday announced the launch of further consumer protection probes against airlines for late and canceled...

Transport

100 New Public E-charging Stations Nationwide

More than 100 new public e-charging stations outside the capital can be established nationwide, thanks to a HUF 28 billion...

Automotive

Gov’t to Call HUF 28 bln Tender for EV Charging Infrastructure

A tender for HUF 28 billion in REPowerEU support to develop the EV charging station infrastructure will be called in...

Deals

GLS Acquires Hungary’s iLogistic

Parcel service provider GLS on Tuesday announced the acquisition of Hungarian e-commerce fulfillment company iLogistic, according to a report by...

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...