Industry

Deals

4iG, Huawei Sign MoU on Joint Cloud Services Platform

Listed ICT company 4iG on Friday signed a memorandum of understanding with the local unit of China's Huawei on the...

Retail

Czech Retail Sales Rise in March

Retail trade in the Czech Republic rose 6.1% year-on-year in March, up from an upwardly revised 2.5% gain the previous...

Automotive

Production at Szeged BYD Plant Could Start in 2025

Production at the EV plant China's BYD is building in Szeged (175 km southeast of Budapest by road) could start...

Transport

BUD 1st in Region to Achieve 4+ Airport Carbon Accreditation

Even as final talks for a state takeover of Budapest Airport (BUD) continue (see below), the operator of Ferenc Liszt...

Deals

Fortaco Sells Heavy Project Business in Hungary

Fortaco has signed an agreement to sell its heavy project business in Jászberény, Hungary to Cyclus GmbH (50%) and Ask...

Automotive

Number of Vehicles With Green Plates Climbs Over 96,000

There were over 96,000 vehicles registered in Hungary with green number plates at the end of April, the Energy Affairs...

Retail

Czech Retail Sales Growth Accelerates in March

Retail trade in the Czech Republic rose 6.1% year-on-year in March, up from an upwardly revised 2.5% gain the previous...

Manufacturing

Industrial Production Drops in March

The volume of industrial production dropped in March 2024 by 10.4% year-on-year, while based on working-day adjusted data production declined...

Retail

Slovakia Retail Sales Growth Eases in March

Retail sales in Slovakia rose by 0.5% year-on-year in March, marking the third consecutive month of growth, although easing from...

Manufacturing

Czech Industrial Production Falls in March

The Czech Republic's industrial output declined a working-day-adjusted 2.7% year-on-year in March, reversing a 0.7% increase in February, data from...

Retail

Nearly 70% of Hungarians Shop Online

Some 69% of Hungarians regularly buy and pay online, but a fifth of online customers still do not check the...

Retail

Bosnia Retail Sales Growth Eases in March

Retail sales in Bosnia and Herzegovina rose 15.4% year-on-year in March, slowing from an 18.7% surge in the prior month,...

Retail

Hungarian Webshop Turnover Climbs 8.5% in 2023

Retail sales of Hungarian webshops rose 8.5% to HUF 1.474 trillion in 2023, research by consultancy GKID and Mastercard show,...

Retail

Retail Sales up 4.2% in March

In March 2024, the volume of sales in retail trade increased by 3.6% according to raw data, and by 4.2%...

Automotive

New Car Registrations Climb 10% in Jan-Apr

The number of new passenger car registrations in Hungary rose 10.4% to 42,075 in January-April from the same period a...

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...