Industry

Manufacturing

Polish Manufacturing Sector Remains Subdued

Poland's manufacturing Purchasing Managers' Index (PMI) was unchanged from May's seven-month low of 45.0 in June, survey data from S&P...

Automotive

AutoWallis Enters Czech Vehicle Retail Market

The AutoWallis Group has entered the Czech vehicle retail market after successfully closing the purchase of Stratos Auto’s three BMW...

Retail

Croatia Retail Sales Growth Eases in May

Retail sales growth in Croatia slowed to 8.4% year-on-year in May, from 8.6% rise in the previous month, data from...

Transport

New Railway Technical Regulations Being Prepared

A new Hungarian railway technical regulation that is more modern, more uniform and harmonized with EU regulations is being prepared,...

Manufacturing

Battery Production Contribution to GDP Set to Double

The contribution of battery production to Hungary's GDP could double after investments in the pipeline start up, National Economy Minister...

Automotive

EV Market and Hungary: Fancy a Roller-Coaster Ride?

With demand for EVs dropping, market players need to adapt. This is bad news for the Hungarian economy, with its...

Automotive

162 Shell Recharge EV Charging Points in Tesco Stores

The Shell Recharge electric charging network in Tesco supermarket carparks is now available at 30 hypermarkets, the two companies have...

Automotive

Szolnok Upgrades E-fleet With E.ON’s Help

Electric cars are no longer the future but the present, as demonstrated by Szolnok, where a more than seven-year-long cooperation...

Automotive

Hungarians Spend 5 Hours a Week on Average in Their Autos

Hungarian auto owners use their vehicles for barely five hours a week, as revealed by a survey conducted by Magyar...

Automotive

New Record for Domestic Used Auto Market in April

An estimated record 80,900 autos changed hands in Hungary in April, 21% more than in 2023, acccording to data provider...

Automotive

Hungary’s Automobile Production Set to Surpass the One Million Mark Soon

The slowdown in electric vehicle sales is temporary, and stakeholders are ready to embrace competition. However, collaboration among the entire...

Automotive

‘In Automotive Projects, Only Change is Permanent.’

Two of the leading architects and project managers from Óbuda Group talk exclusively with the Budapest Business Journal about what...

Automotive

Automotive in CEE Regional Conference 2024: Navigating the Future of the Industry

The Automotive Business in CEE Regional Conference 2024, held in Budapest, provided attendees with a comprehensive overview of the current...

Automotive

Peugeot Brand Sales in Hungary Climb 30% in Jan-May

Peugeot brand dealers in Hungary sold 1,247 vehicles in the first five months of the year, 30% more than in...

Retail

Retail Sales Could Drive Growth in 2024 – MBH

Retail sales could be the biggest engine of GDP growth this year as consumer confidence recovers, MBH Bank analysts told...

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...