Industry

Pharma

Richter Board Proposes HUF 423/Share Dividend

The board of Gedeon Richter will propose payment of a HUF 423-per-share dividend on last year's earnings at an annual...

Retail

Gobuda Mall Celebrates 2nd Anniversary

Gobuda Mall, the largest shopping center in Óbuda, hosting around 100 stores and boasting an occupancy rate of almost 90%,...

Automotive

Eve Power Starts Recruitment for Hungary Battery Plant

China's Eve Power has started recruiting for a HUF 400 billion battery plant it expects to complete in Debrecen by...

Manufacturing

Bosnia Industrial Output Down in January

Bosnia's industrial production declined by 6.4% year-on-year in January, following a revised drop of 7.9% in December, according to figures...

Retail

Poland Retail Trade Grows in February

Retail sales in Poland rose by 6.1% year-on-year in February, up from a 3% increase in the previous month, data...

Transport

Waberer’s Net Income Climbs 54% in 2023

Net income of Hungarian hauler Waberer's rose 54% to EUR 29.7 million in 2023 as revenue climbed and financial losses...

Manufacturing

Ganz Delivers Hungary’s 1st Transformer With a Digital Twin

Hungary's first state-of-the-art transformer with a digital twin will soon put into operation in District XI of Budapest, with the...

Manufacturing

Poland Industrial Output Growth at 15-month High

Poland's industrial production rose 3.3% year-on-year in February, picking up from an upwardly revised 2.9% gain in the previous month,...

Deals

Metropolitan Uni, Giro Sign Cooperation Agreement 

The professional relationship between Budapest Metropolitan University (METU) and Giro Zrt., which provides intra-bank transfer services, has been strengthened through...

Manufacturing

Dyson Plans Investment in Hungary

Household appliances maker Dyson plans a "big Hungarian investment", Minister of Foreign Affairs and Trade Péter Szijjártó said in Singapore...

Automotive

Audi Revenue up 8% Last Year

The revenue of the local unit of German automaker Audi rose 8% to EUR 9.102 billion last year, Audi Hungaria...

Manufacturing

Michelin’s Hungarian Factory Modernizes Curing Equipment

A major development has been introduced at the Michelin plant in Nyíregyháza, Hungary. The sports car tire factory is modernizing...

Manufacturing

Czech Industrial Output Stalls in January

Industrial production in the Czech Republic showed no growth year-on-year in January, following a revised 0.5% fall in the previous...

Automotive

AutoWallis Becomes Importer of Geely Group’s Commercial EV Brand in Region

The AutoWallis Group has secured another agreement, this time with the Zhejiang Geely Holding (Geely Auto) Group, for the exclusive...

Manufacturing

N. Macedonia Industrial Producer Prices Down in January

North Macedonia's industrial producer prices decreased 2.3% year-on-year in January, after falling by an annual 2.1% the previous month, 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...