Industry

Retail

Poland Retail Sales Growth Slow in April

Retail sales in Poland rose 4.1% year-on-year in April, easing from a 6.1% increase in the previous month, the Warsaw-based...

Manufacturing

Lithuania Industrial Output Rebounds in April

Industrial production in Lithuania rose 5.5% year-on-year in April, rebounding from a downwardly revised 2.6% fall in the previous month,...

Manufacturing

Siemens Energy Inaugurates Production Hall, Training Center

The local unit of German-owned Siemens Energy inaugurated a production hall and a training center and installed a 1.5 MW...

Automotive

AutoWallis Unveils its Strategic Vision for Expansion up to 2028

AutoWallis is setting ambitious financial targets for 2028, aiming to double its revenue to HUF 750 billion and EBITDA to...

Manufacturing

Hell Energy Inaugurates HUF 80 bln Capacity Expansion

Hell Energy and Quality Pack on Friday inaugurated a HUF 80 billion capacity expansion at the soft drink maker's base...

Transport

Wizz Air Returns to Profit

Hungarian low-fare carrier Wizz Air booked a EUR 365.9 million profit for its business year ended March 31, state news...

Deals

Antenna Hungária to Continue Operating as Holding Company

Listed ICT company 4iG on Tuesday said that its wholly owned subsidiary Antenna Hungária will split off its infrastructure and...

Automotive

New Car registrations in Hungary Climb 21.4% in April

The number of new passenger car registrations in Hungary rose 21.4% year-on-year to 10,402 in April, data compiled by the...

Automotive

Q1 Growth of AutoWallis’ New and Used Vehicle Sales Above Market Avg

Revenue growth at the AutoWallis Group’s Retail & Services Business Unit exceeded market averages to reach 9% in the first...

Manufacturing

Bosch Revenue in Hungary Little Changed in 2023

German engineering giant Bosch's group-level revenue in Hungary totaled HUF 2.207 trillion last year, down 2% from 2022, the company...

Transport

Waberer’s Books Record Revenue in Q1

First-quarter net income of listed Hungarian hauler Waberer's fell 90% year-on-year to EUR 1.1 million, as margins narrowed and an...

Transport

Airport Developments Exceed HUF 130 bln

Budapest Airport launched a major development program in the spring of 2019, and over the past five years, the value...

Pharma

Improved Margin, Financial Gain Lift Richter Earnings in Q1

First-quarter net income of Hungarian pharmaceutical company Gedeon Richter climbed 74% year-on-year to HUF 68.2 billion, boosted by wider margins...

Manufacturing

Slovakia Industrial Output Tumbles in March

Industrial production in Slovakia tumbled 6.9% year-on-year in March from an upwardly revised 0.1% rise in the previous month, data...

Transport

MÁV Launches Pre-season Timetable

The pre-season timetable of Hungarian State Railways (MÁV) started this week, according to a press release....

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...