Industry

Deals

BSE, HBLF, IoD Spearheading Drive to Promote Diversity Among Business Leaders

The Budapest Stock Exchange (BSE), the Hungarian Business Leaders Forum (HBLF), and the Institute of Directors (IoD) have signed a...

Manufacturing

Hungarian Industrial Production Decreases in January

The volume of industrial production in Hungary dropped in January 2024 by 3.6% year-on-year, while based on working-day adjusted data,...

Deals

Richter Agrees to Buy out Partner in German JVs

Hungarian pharmaceutical company Gedeon Richter on Wednesday announced an agreement to buy out its German partner Helm's stakes in joint...

Retail

OMV to Sell Medicines at Nearly 100 Stations in Hungary

From this spring, 99 OMV service stations across Hungary will offer over-the-counter medicines. As part of the distribution in cooperation...

Automotive

AutoWallis Enters Czech Retail Market With an Acquisition

The AutoWallis Group is continuing its international expansion after agreeing on the purchase of the Czech Stratos Auto’s BMW business...

Retail

Estonia Retail Sales Continue to Fall in January

Estonian retail trade fell by 6.7% year-on-year in January, further slipping from a 5.4% drop in the previous month, data...

Transport

Freight Volume Flat in Q4

Freight volume in Hungary reached 67.2 million tonnes in the fourth quarter, practically level with the same period a year...

Manufacturing

Czech Manufacturing Contraction Eases in February

The Czech Republic's manufacturing PMI increased to 44.3 in February from 43 in the previous month, survey data from S&P...

Automotive

AutoWallis Registers Over HUF 360 bln in Revenue in 2023

Car sales and mobility service provider AutoWallis Group registered a record revenue of HUF 366 billion in 2023, according to...

Deals

Bourse Acknowledges ‘Best of BSE’ 

The Budapest Stock Exchange recognized last year's outstanding capital market players at its "Best of BSE" awards last week, according...

Transport

Ryanair to add 6 Routes, Aims to be Hungary’s #1 Airline in 2024

Ryanair will add six new routes and base two more aircraft at Budapest’s Ferenc Liszt Airport this summer, Michael O’Leary,...

Automotive

Chinese Investors Lead the Charge in Boosting Hungarian Automotive

Hungary aims high in embracing investments that will deliver automotive’s electric transition. BYD’s multibillion-euro EV plant in Szeged and a...

Retail

Lithuania Retail Sales Growth Eases in January

Retail sales in Lithuania slowed 0.6% year-on-year in January from an upwardly revised 2.1% rise in the previous month, data...

Retail

Pepco Hungary Loses EUR 15 mln in Phishing Attack

The Hungarian business of European discount retailer Pepco Group has suffered a phishing attack, resulting in about EUR 15 million...

Pharma

Richter Earnings Slip on Flat Turnover, Financial Loss

Net income of Hungarian pharmaceutical company Gedeon Richter fell 6% to HUF 158.9 billion in 2023 as revenue stagnated and...

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...