Industry

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...

Deals

4iG Concludes Deal to Acquire 45% of Space Company Remred

4iG's space technology spin-off has signed an investment and shareholders' agreement to acquire 45% of Remred, a space engineering company,...

Retail

Latvia Retail Trade Jumps in March

Latvia's retail sales surged by 2.8% year-on-year in March, after a revised 0.3% decrease in the prior month, data from...

Transport

Ferenc Liszt Numbers Climb 20% in 2023

Passenger numbers at Budapest Ferenc Liszt International Airport rose 20% to 14,701,100 in 2023, according to data released by the...

Deals

MISZ Signs Strategic Coop Deal With Several Organizations

The Hungarian Innovation Association (MISZ), the National Innovation Agency and the National Research, Development and Innovation Office signed a strategic...

Retail

Slovenia Retail Sales Fall in March

Retail sales in Slovenia fell 0.4% year-on-year in March, easing from a downwardly revised 3.9% decline in the previous month,...

Retail

Lithuania Retail Sales Growth Slows in March

Retail sales in Lithuania slowed to 3.8% year-on-year in March from a downwardly revised 4.6% rise in the previous month,...

Transport

Hungarian, Tunisian Companies to Partner on Railway Developments

An agreement between Hungary's Ganz and a Tunisian partner has been reached, paving the way for the start of large-scale...

Automotive

AutoWallis Devoting 2023 Profits to Financing Intense Expansion

The AutoWallis Group held its annual general meeting, where shareholders elected new members of the Board of Directors and then...

Retail

1st Hungarian Primark to Open Next Month

Primark has announced the opening date of its first store in Hungary. The highly anticipated store will be located in...

Pharma

Richter Shareholders Approve HUF 423/Share Dividend

Shareholders of Hungarian pharmaceutical company Gedeon Richter approved payment of a HUF 423-per-share dividend on last year's earnings at an...

Automotive

Hungarian Gen Z Auto-buyers Prioritize Affordability

Although they are aware of climate change, Generation Z members in Hungary are less inclined to buy EVs or purchase...

Transport

LOT Seoul Flight Lands in Kazakhstan Due to Drunken Passenger

A direct LOT flight from Budapest to Seoul had to make an emergency landing in Kazakhstan due to the uncontrollable...

Deals

Hungary’s Largest ESG Consultancy Formed by Merger of EY, Denkstatt Services

With Denkstatt becoming a member of the EY Group, Hungary's largest sustainability consulting team has been formed. As a result...

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...

Automotive

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...

Retail

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...

Deals

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...

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...

Transport

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...

Automotive

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,...

Transport

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...

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...

Retail

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...

Pharma

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...

Pharma

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...

Retail

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...

Manufacturing

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...