Industry

Pharma

Richter Expects to Pay HUF 8 bln in Windfall Profit Tax in 2024

Hungarian pharmaceutical company Gedeon Richter said it expected to pay about HUF 8 bln in windfall profit tax in 2024...

Deals

MNB-EduLab, Metropolitan Uni Sign Agreement

MNB-EduLab Nonprofit Kft. and Budapest Metropolitan University signed a cooperation agreement to improve young people's financial awareness and financial culture,...

Transport

Wizz Air Books EUR 105.4 mln Loss

Hungarian low-fare carrier Wizz Air booked a EUR 105.4 million after-tax loss in the third quarter of its business year,...

Retail

Regional Surge in Heating, Winter Gear Searches Online

According to the latest data from retail price comparison website Árukereső.hu, Hungary, and the region as a whole have been...

Retail

Ikea Hungary Sales Climb 11%

Sales in Hungary of Swedish home furnishings giant Ikea rose 11% to HUF 145 billion in its business year ended...

Automotive

Construction of BMW Plant in Hungary ‘Progressing Well’

Minister of Foreign Affairs and Trade Péter Szijjártó met with Milan Nedeljkovic, the management board member in charge of production...

Retail

Poland’s Retail Sales Fall in December

Retail sales in Poland decreased 2.3% year-on-year in December, following a 0.3% decrease in the previous month, figures from the...

Transport

Budapest Airport Closes ‘One of Most Successful Years in History’

Despite the numerous challenges in store, 2023 was one of the most successful years in the history of Budapest Airport,...

Transport

MÁV Aims for Hydrogen-powered Trains, Buses Within 3 Years

István Lepsényi, the chairman of Hungarian State Railways (MÁV), aims to put hydrogen-powered trains and buses into service within three...

Transport

Wizz Air Passenger Numbers on Hungary Flights Reach 5.2 mln

The number of passengers on Wizz Air's Hungary flights rose 29% to 5.2 million last year, the low-fare airline said...

Automotive

Used Car Sales Edge Down to 821,000 in 2023

Used car sales in Hungary edged down half a percent close to 821,000 last year, listings site JoAutok.hu said on...

Automotive

Hungarians Bought a New Toyota Every Half Hour Last Year

Whether corporate or private buyers, Toyota was still the favorite of Hungarian new car buyers in 2023: a new Toyota...

Deals

Hungary Sells EUR 1.5 bln Green Eurobond

Hungary sold a EUR 1.5 billion, five-year green eurobond on international markets on Thursday, the Government Debt Management Agency (ÁKK)...

Transport

Wizz Air Carbon Emissions Kept Falling in 2023

Wizz Air's carbon emissions were 6.8% lower in 2023 than in 2022. The airline's average carbon emissions of 51.5 grams...

Automotive

EVs, Hybrids 1/3 of Mercedes Cars Sold in Hungary

Fully electric or plug-in hybrid models accounted for one-third of the new Mercedes-Benz passenger cars sold in Hungary last year,...

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...