Industry

Automotive

BYD Szeged Promises Ecosystem Development and a Significant Economic Boost for the Area

The Szeged factory plans announced just before Christmas by Chinese electric automaker Build Your Dream include an ambitious timeline for...

Transport

Gov’t Mandates Review of Road Traffic Code

Hungary's government has mandated a broad review of the country's road traffic code in a resolution published in the latest...

Deals

Kinstellar to Continue Operation of Noerr’s CEE Practice

Noerr and Kinstellar have announced that Noerr's practices in Budapest, Bratislava, Bucharest, and Prague are set to be transferred to...

Manufacturing

Bosnia Industrial Output Rebounds in February

Industrial production in Bosnia and Herzegovina increased by 2.1% year-on-year in February, recovering from the revised 6.4% fall in January,...

Manufacturing

Industrial Producer Prices Fall 4.3% in February

The Producer Prices Index in Hungary dropped 4.3% year-on-year in February, falling for the seventh month in a row after...

Deals

Special Effects Acquires Ownership Stake in DMC Agency

One of Hungary's leading event service providers has announced acquiring a stake in Motivation Global Ltd., thereby strengthening the longstanding...

Retail

Latvia Retail Sales Fall in February

Latvia's retail sales fell by 0.4% year-on-year in February, after a downwardly revised 1.2% decline in the previous month, figures...

Retail

Estonia Retail Sales Drop in February

Estonian retail trade shrank by 2.7% year-on-year in February, following a 6.7% fall in the previous month, data from Statistics...

Deals

Waberer’s Group Closes Acquisition of 55% Stake in MD Int’l

Listed Hungarian hauler Waberer's International on Thursday announced that its wholly-owned unit WSZL closed the acquisition of a 55% stake...

Automotive

Mercedes-Benz Manufacturing Hungary to Raise Wages

Mercedes-Benz Manufacturing Hungary will raise wages by 8% from April 1 and by another 5% from April 1, 2025, a...

Retail

Spring Weather Raising Interest in Leisure Products

Interest in products related to leisure programs has picked up both in Hungary and in the countries of the region...

Manufacturing

Bosnia Industrial Output up in February

Bosnia's industrial production rose 2.1% on the year in February, following a 6.4% decline in January, the Sarajevo-based Agency for...

Manufacturing

Lithuania Industrial Output Jumps in February

Industrial production in Lithuania rose 3.8% year-on-year in February, accelerating from a downwardly revised 0.4% rise in the previous month,...

Manufacturing

Rheinmetall Lays Cornerstone of Another Plant in Hungary

German defense industry company Rheinmetall laid the cornerstone of a EUR 63 million plant that will produce components for electric...

Manufacturing

Moldova Industrial Output Falls in January

Moldova's industrial production dropped by 3% year-on-year in January, following a 1.1% rise in the previous month, data from the...

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...