Industry

Deals

Booking Site Operator Szállás Group Acquires Romanian Peer

Szállás Group, which owns booking site operators in Hungary, Poland, Romania, the Czech Republic and Croatia, has acquired an 80%...

Pharma

Richter Agrees to Acquire Mithra Assets for EUR 175 mln

Hungarian pharmaceutical company Gedeon Richter on Tuesday announced that it agreed to acquire certain assets from Belgian peer Mithra Pharmaceuticals,...

Automotive

Rába Properties Sell for HUF 780 mln at Auction

Real estate of Rába has been sold at auction for HUF 780 million, the listed automotive industry company announced after...

Manufacturing

Industrial Performance Down due to European Economy, Says Ministry

The recovery of industry's performance is still being delayed by the weak performance of the European economy, especially Hungary's most...

Transport

Budapest Takes Delivery of 1st CAF Tram Body

The first CAF tram body of a 51-unit order has arrived in the capital, the Budapest Public Transport Centre (BKK)...

Transport

Airport Acquisition ‘Indispensable’ for Tourism Growth – Tourism Agency

The Hungarian Tourism Agency welcomed the state's purchase of a controlling stake in Ference Liszt International operator Budapest Airport in...

Manufacturing

Industrial Production Declines in April

The volume of industrial production grew in April 2024 by 6.4% year-on-year, however, based on working-day adjusted data, production declined...

Retail

Czech Retail Sales Growth Eases in April

Retail trade in Czech Republic rose 5.3% year-on-year in April, easing from a downwardly revised 5.8% growth in the previous...

Manufacturing

Estonia Industrial Output Falls at Softer Pace in April

Estonia's industrial production shrank 4.7% year-on-year in April, marking the 20th consecutive month of contraction in industrial activity, although easing...

Deals

Hungarian State, Vinci Buy Budapest Airport

Today, AviAlliance and the co-shareholders of Budapest Airport Zrt. agreed to sell the airport to a consortium consisting of the...

Automotive

Hungary Impacted by European Car Market Swings

The contradictory processes experienced in the European car market (this year's decline followed last year's strong upswing) also impacted Hungary,...

Manufacturing

Latvia Industrial Production Contracts in April

Industrial production in Latvia tumbled by 7.7% year-on-year in April, the most in nearly a year, reversing from a downwardly...

Transport

Construction of Magnus Aircraft Manufacturing Base in China Underway

A manufacturing base in the Chinese city of Wuxi that will provide a home to a plant of Hungary's Magnus...

Transport

Budapest Airport Ends 2023 With a Profit of EUR 74 mln

Budapest Airport closed last year with a 20% increase in net revenue compared to 2022, at EUR 337.8 mln. The...

Retail

Serbian Retail Sales Rise in April

Retail sales in Serbia soared by 11.1% from the corresponding period of the previous year in April, to accelerate from...

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...