Industry

Manufacturing

Romanian Producer Prices Fall in October

The producer prices in Romania dropped 2.22% year-on-year in October, following a marginally revised 0.42% decline in the prior month,...

Manufacturing

TDK Hungary Components Investing HUF 3.5 bln in Energy Upgrades

Japanese-owned TDK Hungary Components is investing HUF 3.5 billion in energy upgrades with support from the state, Minister of Foreign...

Deals

Indotek Group Selling Stake in Waberer’s

Hungary's Indotek Group will sell its shares in listed Hungarian hauler Waberer's International, Waberer's said in an announcement posted on...

Manufacturing

Coca-Cola HBC Hungary Inaugurates Production Line in Dunaharaszti

Coca-Cola HBC Hungary inaugurated its newest, ultra-modern production line in Dunaharaszti on Tuesday in the presence of Minister of Foreign...

Deals

Gránit Bank, Óbuda Uni Enter Strategic Cooperation

Gránit Bank and Óbuda University have entered into a strategic cooperation, the university announced yesterday, according to profitline.hu....

Manufacturing

Estonian Industrial Output Shrinks at Softer Pace in Oct

Estonia's industrial production shrank at a softer 12.2% year-on-year in October, following an upwardly revised 13% fall in the previous...

Automotive

BorgWarner Investing HUF 25 bln in Oroszlány

U.S. automotive industry supplier BorgWarner will invest HUF 25 billion at its base in Oroszlány (70 km west of Budapest),...

Deals

Wolf Theiss Advises Kyoto Group on HaaS Delivery to Kall Ingredients

Wolf Theiss Budapest has acted as lead legal counsel to Kyoto Group during the contractual phase of the project to...

Manufacturing

Bulgaria Producer Prices Drop Again in October

Producer prices in Bulgaria fell for the seventh consecutive month to 20.1% year-on-year in October, from a 24.3% drop in...

Automotive

Motorists Pay HUF 52,599 in Annual Vehicle Insurance Premiums

Hungarian motorists paid almost HUF 52,500 for their annual compulsory vehicle insurance premiums, on average, in the third quarter, according...

Manufacturing

Production Resumes at Ganz’s Szolnok Plant

Production at the Ganz Metal Works plant in Szolnok restarted this week. The site, which was bought back by the...

Retail

Estonia Retail Sales Drop in October 

Estonian retail trade fell by 4.8% year-on-year in October, following a 6.7% decline in the previous month, data from the...

Automotive

Border Austrians Flocking to Hungary for Cheaper Driving Lessons

Austrians have been flooding Hungarian towns close to the Hungarian–Austrian border to get cheaper driving lessons, according to Blikk....

Automotive

AutoWallis Exceeds Entire 2022 Revenue, Profit in 9 Months

The AutoWallis Group has continued its growth in the first nine months of the year, having exceeded last year’s revenue...

Retail

Slovenia Retail Sales Fall at Softer Pace in October

Slovenia's retail sales declined for the ninth straight month to 15.6% year-on-year in October, although easing from an upwardly revised...

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...