Industry

Manufacturing

ZF to Invest HUF 24 bln in EV Components Production in Hungary

German automotive industry supplier ZF will invest HUF 24 billion at its bases in Kecskemét and Debrecen, Minister of Foreign...

Automotive

Automotive Industry Output up 4.9% y.o.y.

The output of the automotive industry, Hungary's biggest manufacturing sector, rose 4.9% year-on-year in October, accelerating from a 1.2% increase...

Deals

MultiHome Acquires Helvid

Listed Hungarian real estate broker MultiHome has signed an agreement on the purchase of 100% of Helvid, a packaging manufacturer...

Automotive

2023: A Year of Developments for Magyar Suzuki

2023 was an eventful year for Magyar Suzuki, bringing numerous successes. All of this is due to the organizational and...

Transport

Wizz Air Starts Flights Between Debrecen and Rome

Wizz Air has launched its first direct flight from Debrecen to Rome this month, according to a press release sent...

Deals

STRT Holding Shares Begin Trading

Trade in shares of STRT Holding, which invests in early-phase startups, began this Tuesday, according to a release on the...

Manufacturing

Slovenia Industrial Output Rebounds on Year in October

Slovenia's industrial production rose by 0.4% year-on-year in October, rebounding from a downwardly revised 5.1% drop in the previous month,...

Retail

Bulgaria Retail Trade Growth Accelerates in October

Bulgaria's retail sales at constant prices, except for motor vehicles and motorcycles, increased by an annual 3.1% in October after...

Automotive

EV Support Could Start in February

The program to support the purchase of electric vehicles by businesses could start in February, the Ministry of Energy Affairs...

Manufacturing

Czech Industrial Output Recovers in October

Industrial production in the Czech Republic rose a working-day-adjusted 1.9% year-on-year in October, reversing a 4.9% fall in the previous...

Automotive

EV Demand Constantly Growing

The demand for electric vehicles is constantly growing in Hungary, writes profitline.hu. According to the latest statistics of the Ministry...

Retail

Romania Retail Trade Increases in October

Retail sales in Romania rose 1.4% year-on-year in October from an upwardly revised 1% in the previous month, data from...

Retail

Slovak Retail Trade Shrinks Marginally in October

Slovakia's retail sales fell by 0.2% year-on-year in October, easing from a 5.4% plunge in the prior month, figures from...

Transport

Transport Minister Submits Train, Bus Fare Reform Plan to Gov’t

Construction and Transport Minister János Lázár said a fare reform plan for state-owned train and bus group MÁV-Volán had been...

Retail

Retail Sales Fall 6.5% y.o.y. in October

In October 2023, the volume of retail trade in both raw and calendar-adjusted data was 6.5% lower than in the...

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...