Industry

Manufacturing

Slovenia Industrial Output Rises in February

Slovenia's industrial production rose by 2.7% on the year in February, rebounding from a revised 3.5% fall in the previous...

Automotive

Automotive Sector Output Edges up 1.6% in February

The output of the automotive industry, Hungary's biggest manufacturing sector, edged up 1.6% year-on-year in February, rising after a three-month...

Automotive

Szeged Muni Council Clears Road to Service BYD Plant

The local council of Szeged (163 km southeast of Budapest) voted on a road that will service an electric vehicle...

Automotive

Automotive Faces a Bumpy Road Ahead Again in 2024

Automotive in Hungary had a tough but successful year in 2023. The near future looks equally challenging; will it be...

Automotive

Close to 2,500 Companies Apply for EV Subsidies

Close to 2,500 businesses have submitted applications for subsidies in a scheme to support purchases of EVs, the Energy Affairs...

Deals

NiT Hungary, MKIF Sign Coop Deal for Road Safety

This week, the Federation of National Private Transporters (NiT Hungary) and MKIF Hungarian Concession Infrastructure Development Plc. (MKIF) signed a...

Transport

China Southern Airlines to Launch Budapest-Guangzhou Flight

China Southern Airlines will launch a flight between Budapest and Guangzhou, Minister of Foreign Affairs and Trade Péter Szijjártó said...

Automotive

Green License Plate Registrations on the Rise in March

The number of vehicles with green license plates in Hungary reached a peak in March, the Ministry of Energy Affairs...

Deals

BKM Acquiring E.ON’s Share in Capital’s Public Lighting

BKM Budapest Public Utilities Nonprofit will acquire E.ON Hungária's 50% stake in BDK Budapest Decorative and Public Lighting, according to...

Manufacturing

Estonia Industrial Output Drops in February

Estonia’s industrial production dropped 5.7% year-on-year in February, marking the 18th consecutive month of contraction, although easing from a downwardly...

Transport

MOL Bubi Bike Share Scheme Set to Double in Size

The fleet of Budapest's MOL Bubi bike-sharing scheme, operated by the Budapest Transport Center (BKK) with the support of Hungarian...

Manufacturing

Construction of New Mercedes Unit in on Schedule

The construction of the new Mercedes factory in Kecskemét is proceeding according to the original schedule, the Minister of Foreign...

Retail

Czech Retail Sales Growth Eases in February

Retail trade in the Czech Republic slowed to 1.6% year-on-year in February from an upwardly revised 1.3% growth in the...

Transport

MÁV Trialing Conductor-free Trains

The S76 trains between Pilisvörösvár and Rákos started operating without ticket inspectors on a pilot basis on April 7, leading...

Deals

Heavy Tools to Outfit Hungarian Olympians for Paris

Hungarian clothing brand Heavy Tools will supply the Hungarian athletes' uniforms for the Paris 2024 Olympic Games under a contract...

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...