Industry

Manufacturing

Poland Manufacturing Falls Further in January

Poland's manufacturing Purchasing Managers' Index (PMI) edged down to 47.1 in January from 47.4 in December, survey data from S&P...

Deals

4iG, Telecom Egypt Sign Deal on Submarine Cable

Listed Hungarian ICT company 4iG signed an agreement with Telecom Egypt on the construction of a high-capacity submarine fiber-optic cable...

Manufacturing

Croatia Industrial Production Falls in December

Croatia industrial production declined 0.9% year-on-year in December, the first drop in four months, following a 4.7% surge in November....

Deals

Budapest, Central Gov’t Reach Agreement on Travel Passes

Mayor of Budapest Gergely Karácsony and Minister of Construction and Transport János Lázár reached an agreement on reciprocal use of...

Retail

Estonia Retail Sales Fall Further in December

Estonian retail trade shrank by 5.4% year-on-year in December, after an 8.8% drop in the previous month, which was the...

Transport

Competition Office Launches Probe of Wizz Air Hungary

Hungary's Competition Office (GVH) on Wednesday announced the launch of a probe of Wizz Air Hungary over check-in practices, according...

Manufacturing

Industrial Producer Prices Fall in December

Industrial producer prices in Hungary were 7.2% lower on average in December 2023 compared to one year earlier, the Central...

Transport

Bahart Passenger Numbers Climb Over 2.1 mln

Passenger numbers on vessels operated by Lake Balaton ferry company Bahart were close to 2,150,000 last year, a 22-year record,...

Manufacturing

Expansion of Rheinmetall Ammo Plant in Várpalota in Progress

The new Rheinmetall ammunition plant in Várpalota, Hungary, currently being built by the Hungarian holding company N7 on behalf of...

Retail

Latvia Retail Sales Rebound in December

Latvia's retail sales rose by 1.1% year-on-year in December, following a downwardly revised 1.9% decline in the prior month, figures...

Automotive

Primary Owner Supports AutoWallis Growth With Capital Increase of HUF 5.7 bln

The primary owner is supporting AutoWallis’s plans for international growth with a capital increase of HUF 5.7 billion, strengthening the...

Deals

Richter Becomes Strategic Investor in Formycon

Hungarian pharmaceutical company Gedeon Richter on Monday announced the acquisition of a 9.08% stake in German biosimilar maker Formycon, according...

Retail

Trade in Fakes Hits Hungary

Trade in counterfeit merchandise has cost Hungarian companies EUR 189 million in lost revenue and resulted in 4,466 job losses,...

Retail

Lithuania Retail Sales Jumps, Industrial Production Falls in December

Lithuania's retail sales increased 1.9% year-on-year in December from 0.1% rise in the previous month, data from Statistics Lithuania (LS)...

Pharma

Gov’t Aims to Reduce Burden of Global Minimum Tax for Pharma Sector 

The government aims to offer support to pharmaceutical manufacturers to ensure the global minimum tax presents "the smallest possible burden",...

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...