Industry

Retail

2023 the Year of Cheeseburgers and Anti-stress Toys at Wolt

Recently, Emma Stone and Mark Ruffalo revealed in an interview that they ate cheeseburgers almost every other day during the...

Automotive

Motorway Vignette Sales Edge Down to 14.9 mln in 2023

Motorway vignette sales in Hungary slipped 1% to around 14.9 mln last year, toll system operator NÚSZ said on Thursday,...

Automotive

Passenger Cars per 1,000 People at 424 in Hungary

There were 424 passenger cars per 1,000 inhabitants in Hungary in 2022, well under the 560 average for the European...

Automotive

Audi Hungaria Engine Output Reaches 1,660,425 in 2023

The local unit of German car maker Audi produced 1,660,425 engines at its plant in Győr last year, Audi Hungaria...

Retail

Auchan Raises Floor Worker Pay 12.5%-21.3%

Auchan is raising the pay of floor workers at its stores between 12.5% and 21.3% from January 1, the French-owned...

Automotive

AutoWallis Group Closes Record Year at Regional Level

AutoWallis Group’s sales have set records across all business units in 2023: the car sales and mobility service provider plays...

Transport

Next Stage of Southern Circular Railway Begins

The next stage of the development of the Southern Circular Railway began this week, the Ministry of Construction and Transport...

Deals

Gránit Bank to Acquire Local Leasing Businesses of De Lage Landen Int’l

Gránit Bank is acquiring the Hungarian leasing businesses of De Lage Landen International, based in the Netherlands, the lender said...

Automotive

Automotive Industry Output Falls 1.7% in November

The output of the automotive industry, Hungary's most significant manufacturing sector, slipped 1.7% year-on-year in November, falling for the first...

Transport

Air China to Add Beijing-Budapest Flight

Air China will add a third weekly flight between Beijing and Budapest from April, Ferenc Liszt International operator Budapest Airport...

Transport

CJEU Dismisses Wizz Air Appeal Concerning Aid for Tarom

The Court of Justice of the European Union (CJEU) on Thursday dismissed an appeal by Hungary's Wizz Air concerning a...

Manufacturing

Slovenia Industrial Output Falls in November

Slovenia's industrial production dropped 0.8% year-on-year in November, after showing no growth in the previous month, data from the Ljubljana-based...

Automotive

BYD Announces 3rd Dealer in Hungary

China's BYD, the world's biggest electric vehicle maker, on Thursday announced the appointment of its third dealer in Hungary: Schiller...

Manufacturing

CATL Announces Another Investment in Debrecen

Contemporary Amperex Technology Co. Limited (CATL) is setting up a plant for the storage and assembly of devices suitable for...

Manufacturing

Slovakia Industrial Output Shrinks in November

Industrial production in Slovakia fell 1.9% year-on-year in November, reversing from a 4.3% growth in the previous month, figures released...

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...