Industry

Transport

Wizz Air Among Safest Low-cost Airlines

Discount airline Wizz Air has been selected as one of the five safest low-cost airlines in the AirlineRatings list, according...

Retail

Croatia Retail Sales Growth Rises in November

Retail sales in Croatia rose by 7.3% year-on-year in November, accelerating from the 6.5% gain in the previous month, data...

Transport

Over 4 mln Combined Public Transport Passes Sold

More than 4 million monthly combined public transport passes good for either a single county or the whole country have...

Manufacturing

Poland Manufacturing Contraction Deepens in December

Poland's manufacturing downturn worsened at the end of the final quarter amid faster declines in output and new orders, survey...

Retail

Aldi Magyarország Rolls out 12% Pay Rise

Aldi Magyarország is raising staff pay by 12%, across the board, from January 1, the German-owned discount chain said on...

Deals

WTS Klient-Finacont Merger Fully Completed

As of January 1, two of the leading players in the Hungarian accounting and tax advisory market, WTS Klient and...

Deals

State Dominates Transactions Market Once Again

The Hungarian state has been playing an active role in the acquisitions market for years, and 2023 also fits into...

Manufacturing

Schneider Electric Invests Billions in Hungary in 2023

France's Schneider Electric has invested billions of forints at its plants in Hungary this year, the company told MTI....

Automotive

BYD to Set up Plant in Hungary

China's BYD, the world's biggest electric vehicle maker, will build its first plant in Europe in the Hungarian city of...

Automotive

New Car Registrations in Hungary Fall Nearly 13% in November

The number of new passenger car registrations in Hungary dropped 12.6% year-on-year to 8,305 in November, news agency MTI writes,...

Retail

Albania Retail Sales up in Q3

Albania's retail sales increased by a real 5.6% year-on-year in the third quarter of 2023, slightly decelerating from a 5.8%...

Transport

Logistics Fees Could Increase 20-25% Next Year

Freight and logistics fees may increase by about 20-25% in 2024, according to the forecast of the Association of Hungarian...

Manufacturing

Ganz Rotating Machine Division Returns Successfully to the Int’l Market

Representatives of Ganz Transformers and Electric Rotating Machines (Ganz) have signed six new international contracts worth a total of EUR...

Automotive

Rába, Nurol Makina Set up JV

Hungary's Rába Vehicle and Nurol Makina Hungary, the local unit of Turkish defense industry company Nurol Makina, signed documents on...

Deals

Hungary Partners With Rheinmetall on Tank Development

The Hungarian government has joined forces with Rheinmetall on the development of a next-generation battle tank in the framework of...

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...