Industry

Transport

Volánbusz Promises a Hygenic Commute Back to the Office

Increasing numbers of surveys show employers becoming less open to the idea of employees working from home. It stands to...

Automotive

4 Millionth Suzuki Rolls off Esztergom Production Line

The four millionth car manufactured at the Magyar Suzuki plant in Esztergom, a Vitara with an ivory-cosmic black pearl metallic...

Manufacturing

Industrial Production Down 13.7% in December

The volume of industrial production in Hungary dropped in December 2023 by 13.7% year-on-year, based on working-day adjusted data, production...

Retail

Czech Retail Sales Rise in December

Retail sales in the Czech Republic rose a calendar-adjusted 1.6% year-on-year in December, accelerating from a downwardly revised 0.1% increase...

Retail

Minister Calls on Fuel Industry Insiders to Keep Prices ‘Competitive’

Economic Development Minister Márton Nagy has called on vehicle fuel sellers to comply with an earlier commitment to keep price...

Retail

Romania Retail Trade Slows in December

Retail sales growth in Romania slowed to 1.5% year-on-year in December from a downwardly revised 3% in the previous month,...

Deals

MOL Group Agrees to Buy Újpest FC

Hungary's MOL Group has agreed to acquire a majority stake in local football club Újpest, the oil and gas company...

Manufacturing

Estonian Industrial Output Falls in December

Estonia's industrial production fell 2.5% year-on-year in December, cooling from a 5.8% drop in the previous month, data from the...

Retail

Retail Sales Fall Marginally in December

In December 2023, the volume of sales in retail trade in Hungary decreased by 1% according to raw data, and...

Manufacturing

Latvia Industrial Production Rebounds in December

Industrial production in Latvia increased by 1.7% year-on-year in December, recovering from a revised 2.9% fall in the prior month,...

Retail

Chinese Companies Dominating Domestic E-commerce Market

Temu and other Chinese e-commerce companies dominate the Hungarian and European markets, Norbert Madar, GKI Digital's senior consultant, said at...

Transport

Wizz Air Expands Special Euro 2024 Flights for Hungarian Fans

Wizz Air has announced additional flights for Hungarian national football team supporters to the European Football Championship match in Cologne...

Automotive

Used Car Imports Climb in January

The number of imported used cars registered in Hungary rose 13% year-on-year to 9,243 in January, listings site JoAutok.hu said...

Transport

Waberer’s Closes Majority Stake on Petrolsped

Waberer's International closed the acquisition of a 51% stake in railway logistics company Petrolsped, the listed hauler said in a...

Manufacturing

Czech Manufacturing PMI Remains in Contraction in January

The Czech Republic's manufacturing PMI increased to 43 in January from 41.8 in the previous month, data from S&P Global...

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...