Industry

Deals

MOL Signs Antwerp Declaration for a European Industrial Deal

Hungarian oil and gas company MOL is among the signers of the Antwerp Declaration for a European Industrial Deal, which...

Transport

Wizz Air Named Official Carrier for Hungarian Olympic Team

Wizz Air will be the official airline for Hungarians competing at the 2024 Summer Olympics in Paris under an agreement...

Manufacturing

Ganz Announces EUR 12 mln Factory Development

Ganz Transformers and Electric Rotating Machines (Ganz) has launched a EUR 12 million technology development investment in its Rotating Machines...

Retail

Competition Office Launches Probe of Temu

Hungary's Competition Office (GVH) on Tuesday announced the launch of a probe of Chinese-owned online marketplace Temu, according to a...

Retail

Toy Seller Regio Játék Revenue Reaches HUF 21.4 bln in 2023

Revenue of Hungarian toy seller Regio Játék rose 6% to HUF 21.4 billion in 2023, the company said on Tuesday....

Manufacturing

Lithuanian Industrial Production Grows in January

Lithuania's industrial output expanded in January, driven by strong growth in the utility sector, data from Statistics Lithuania (LS) showed...

Automotive

Avg Compulsory Vehicle Insurance Premium Close to HUF 52,900

Hungarian car owners paid almost HUF 52,900, on average, for their annual compulsory vehicle insurance premiums in the fourth quarter,...

Transport

Magyar Posta Expects Increase in Package Delivery

Magyar Posta expects an increase in package deliveries based on the government decree effective from March 28, which stipulates that...

Pharma

Richter Board Elects New Chairman

The board of Hungary's Gedeon Richter elected E. Szilveszter Vizi chairman, after accepting the resignation of Erik Bogsch, at a...

Deals

Hungary to Take Delivery of Additional Gripen Fighters in 2025-2026

Hungary will take delivery of four new Gripen fighter jets in 2025 and 2026, Defence Minister Kristóf Szalay-Bobrovniczky said on...

Automotive

AutoWallis Group to Remain Opel Importer in Hungary, 3 CEE Countries

Opel has again chosen the AutoWallis Group’s subsidiary, AutoWallis Distribution, to act as wholesale distributor for the Opel brand in...

Automotive

Magyar Suzuki: On the Road Towards Being a Smart Plant

The daily production capacity at Magyar Suzuki’s Esztergom factory has been raised almost 65 times from its launch in 1992...

Transport

MÁV-Volán Introducing New Tariff System From March 1

The new tariff system for Hungarian intercity transport will start on March 1, the MÁV-Volán group said in a statement...

Retail

Poland Retail Sales Rebound in January

Retail sales in Poland rose by 3% year-on-year in January, rebounding from a 2.3% drop in the previous month, data...

Automotive

BYD Holds 1st Customer Delivery Ceremony in Hungary

China's BYD, the world's biggest electric vehicle maker, held a first customer delivery ceremony in Budapest on Friday, according 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...