Industry

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...

Transport

Nova Post Hungary Launches European Deliveries

The Ukrainian-rooted logistics company Nova Post, which entered the Hungarian market in November 2023, has introduced a new service for...

Pharma

Richter, BioTalentum Projects Designated of ‘Common European Interest’

Projects undertaken by Hungarian pharmaceutical companies Gedeon Richter and BioTalentum have been designated "Important Projects of Common European Interest" (Ipcei)...

Retail

Estonian Retail Sales Fall at Softer Pace in April

Estonian retail trade dropped by 3% year-on-year in April easing from a 4.1% fall in the previous month, data from...

Manufacturing

Industrial Producer Prices Fall in April

Industrial producer prices in Hungary were 2% lower on average in April 2024 compared to one year earlier, according to...

Retail

Latvia Retail Trade Contracts in April

Latvia's retail sales contracted by 0.2% year-on-year in April, after an upwardly revised 3.4% increase in the prior month, figures...

Automotive

Average HUF 56,400 Compulsory Vehicle Insurance Premium in Q1

Hungarian auto owners paid almost HUF 56,400, on average, for their annual compulsory vehicle insurance premiums in the first quarter,...

Automotive

Falling Revenue, Narrower Margins Put Rába in Red

Hungarian automotive industry company Rába booked a first-quarter loss of HUF 191 million as revenue declined and margins deteriorated, state...

Retail

Lithuania Retail Sales Growth Eases in April

Retail sales in Lithuania eased to 3.4% year-on-year in April from a downwardly revised 4.5% rise in the previous month,...

Pharma

Gov’t, Pharma Association Sign Cooperation Agreement

The National Economy Ministry and the Hungarian National Association of Pharmaceutical Manufacturers (Magyosz) signed a cooperation agreement on Tuesday, according...

Manufacturing

Bosnia Industrial Output Down in April

Industrial production in Bosnia and Herzegovina fell by 3.6% year-on-year in April, contracting slower than the 9.4% plunge in the...

Retail

1st Primark Store in Hungary Opens

International fashion retailer Primark today opened its first store in Hungary at the Arena Mall in Budapest, according to a...

Manufacturing

Ganz’s Tápiószele Unit Expands With PV Plant, Energy Storage System

The solar panels are ready for operation in the 2 MVA solar power plant park built at the Tápiószele plant...

Manufacturing

Continental Dohányipari Lays Cornerstone of HUF 16.5 bln Expansion

Continental Dohányipari laid the cornerstone for a HUF 16.5 billion expansion at its base in Sátoraljaújhely (250 km northeast of...

Retail

Aldi Hungary Challenges HUF 123 mln Fine Over Advertising Claims

Aldi Magyarország is seeking a court review of a Hungarian Competition Authority (GVH) decision fining it HUF 123 mln for...

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...

Aldi Hungary Challenges HUF 123 mln Fine Over Advertising Claims

Aldi Magyarország is seeking a court review of a Hungarian Competition Authority (GVH) decision fining it HUF 123 mln for...

Geely Leads Interest in Chinese Car Brands Newly Launched in Hungary

Geely attracted the most interest among Chinese car brands entering Hungary this year, according to January-September data from used car...

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...