Industry

Automotive

Rába Earnings Fall as Margins Squeezed

After-tax profit of Hungarian automotive industry company Raba fell 27% to HUF 1.2 billion in 2023 as costs climbed, an...

Manufacturing

Poland Industrial Output Rebounds in January

Poland's industrial production rose 1.6% year-on-year in January, reversing a revised 3.5% fall in December, figures from the Central Statistical...

Deals

TRP Hungary, Partners Acquire KymiRing Circuit in Finland

TRP Hungary has led a consortium of investors in acquiring the assets of the KymiRing racing circuit in Finland, the...

Manufacturing

Nestlé Hungaria to Plow HUF 55 bln Into Pet Food Plant

Nestlé will invest HUF 55 billion at its pet food plant in Bük, boosting capacity and creating 130 jobs, Minister...

Deals

Gloster, Systemfarmer to Merge

Gloster has signed a contract to merge with Hungarian peer Systemfarmer, the listed IT company announced on Friday, according to...

Automotive

Transformation of Driving Habits: 25-30% More People Used Carsharing in 2023

Three domestic carsharing providers, GreenGo, Wigo (known as Share Now) and MOL Limo, have collectively driven more than 70 million...

Manufacturing

László Bige Acquitted on Charges of Accepting Kickbacks

László Bige, the owner of Nitroglnművek, Hungary's biggest artificial fertilizer maker, was acquitted on charges of accepting kickbacks by an...

Automotive

Stellantis Aims to Start Production of EDMs in Hungary in Late 2026

Stellantis targets the start of production of electric drive modules (EDMs) at its plant in Szentgotthárd late in 2026, the...

Automotive

AutoWallis Marks 5th Anniversary on BSE

Executives of car seller AutoWallis ceremoniously rang the opening bell of the Budapest Stock Exchange yesterday to mark the fifth...

Automotive

Online Car Shopping Popularity Grows, but Dealerships Retain Importance

Almost everyone now searches online when buying a new car, but the majority still sign a contract at a dealership,...

Transport

Wizz Air Improves Environmental Rating

Wizz Air received a “B” score in the 2023 climate ranking by the global environmental disclosure nonprofit organization CDP, improving...

Manufacturing

Slovakia Industrial Output Slows on Year in December 

Industrial production in Slovakia fell 0.1% year-on-year in December, slowing from a 1.9% fall in the previous month, the Slovak...

Automotive

German Carmakers Part of Chinese Firms’ Attraction to Hungary – Szijjártó

Minister of Foreign Affairs and Trade Péter Szijjártó pointed to the role German car makers have played in making Hungary...

Transport

MÁV-Volán Group Passenger Numbers Reach 837 mln in 2023

The number of passengers on trains and buses of state-owned MÁV-Volán group climbed by 118 million to 837 million in...

Automotive

80,000-plus Vehicles With Green License Plates

According to the January 2024 data series, more than 88,000 EVs and hybrids are driving in Hungary with light green...

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...