Industry

Deals

Special Effects Expands Portfolio With Acquisition of Creative Agency

One of Hungary's leading event service providers, Special Effects, continues its strategic growth with the acquisition of Universum 8....

Manufacturing

Moldova Industrial Output Rebounds Sharply in February

Moldova's industrial production increased by 10% year-on-year in February, rebounding sharply from a downwardly revised 2.5% fall in the previous...

Deals

Hungary, UAE Sign Defense Industry Agreement

Hungary and the United Arab Emirates have signed an agreement on military and defense industry cooperation, the Ministry of Defense...

Manufacturing

Poland Industrial Output Falls, Producer Prices Decline Further in March

Poland's industrial production decreased at the fastest pace in ten months in March, while producer prices continued their steep falling...

Deals

Ministry, Times Higher Education Sign Partnership Agreement

Hungary's Culture and Innovation Ministry has signed a partnership agreement with Times Higher Education (THE) with the aim of strengthening,...

Transport

Lufthansa Boosts Capacity on Munich-Debrecen Flights

German carrier Lufthansa is increasing capacity on some flights between Munich and Debrecen under an agreement reached with BMW Group...

Automotive

New Auto Registrations Rise 12.2% y.o.y. in March

The number of new passenger car registrations in Hungary rose 12.2% year-on-year to 12,895 in March, according to data compiled...

Retail

Foreign-owned Companies Generate Over Half of E-tail Turnover

Foreign-owned companies accounted for around 55% of retail online and mail-order turnover in Hungary last year, data from the Central...

Retail

BioTechUSA Revenue Climbs Over HUF 90 bln in 2023

Revenue of dietary supplement maker BioTechUSA rose 15% to HUF 90.5 bln last year, the company said on Wednesday, according...

Automotive

AutoWallis Group Registers Strong Vehicle Sales in Q1

AutoWallis Group, is experiencing substantial growth with a 16% increase in new vehicle sales in Q1 2024, exceeding the 7%...

Transport

Uber to Return to Hungary at Beginning of Summer

The official approval process for the operation of the Uber taxi company in Hungary has been completed, and the service...

Automotive

Nat’l Economy Minister Presses for Incentives to Boost E-Mobility Transition

National Economy Minister Márton Nagy pointed to a slowdown in the electromobility transition in Europe and urged incentives for states,...

Manufacturing

Wienerberger Lays Cornerstone of HUF 12 bln Concrete Tile Plant

Austrian-owned Wienerberger laid the cornerstone of a HUF 12 bln concrete tile plant in Hejőpapi on Tuesday, according to a...

Transport

Spring Maintenance Continuing on Railway Line to Austria

Spring maintenance will continue on the railway line linking Budapest to Austria, Hungarian State Railways (MÁV) said in a press...

Transport

Wizz Air’s 1st Debrecen-Istanbul Flight Takes Off

Discount airline Wizz Air has launched its first flight between Debrecen and Istanbul, according to a press release sent to...

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...