Industry

Manufacturing

Industrial Producer Prices Down 6.6% y.o.y. in October

Industrial producer prices in Hungary were 6.6% lower on average in October 2023 compared to a year earlier, according to...

Transport

Passenger Rail Linking Szeged, Subotica Restarts After 8 Years

Passenger rail transport between Szeged (170 km southeast of Budapest) and Subotica, Serbia, has restarted after eight years with five...

Retail

Lithuania Retail Sales Fall in October

Retail sales in Lithuania fell by 0.4% year-on-year in October, easing from an upwardly revised 2.8% decrease in the previous...

Deals

Széchenyi István U, Hungaroring Sign Cooperation Agreement

Széchenyi István University of Győr and Hungaroring Sport signed a cooperation agreement on Tuesday, according to a report by state...

Deals

Business Chamber, Ministry Sign Cooperation Agreement

The Hungarian Chamber of Commerce and Industry (MKIK) signed a cooperation agreement with the Culture and Innovation Ministry on Monday,...

Deals

Wolf Theiss Assists VIG With Strategy to Increase Stake in VIG Magyarország

Wolf Theiss is advising Vienna Insurance Group (VIG), with regard to all legal and regulatory aspects related to the purchase...

Manufacturing

Color Pack Completes EU-funded Investment

Hungarian printing company Color Pack has completed an expansion and upgrade at its base in Nyiregyhaza (207 km northeast of...

Manufacturing

Lithuania Industrial Output Rebounds in October

Industrial production in Lithuania increased 0.6% year-on-year in October, recovering from a downwardly revised 2.4% fall in the previous month,...

Deals

MBH Bank Acquiring Majority Stake in Fundamenta

Hungary’s MBH Bank Nyrt. signed a share purchase agreement with the Austrian Bausparkasse Wüstenrot AG and the German Wüstenrot &...

Deals

PwC Announces New Office in Debrecen

PwC Hungary will be opening a new office in Debrecen. With this initiative, the 1,100-strong business consultancy firm seeks to...

Pharma

MSD Pharma Hungary, Pécs U Sign Cooperation Deal

MSD Pharma Hungary, the local unit of U.S.-based drug maker Merck, signed a cooperation agreement with the University of Pécs...

Retail

Poland Retail Sales Recover in October

Poland's retail sales increased for the first time in nine months in October, figures from the Warsaw-based Central Statistical Office...

Automotive

Hankook Tire to Invest HUF 210 bln at Plant in Hungary

South Korea's Hankook Tire will invest HUF 210 bln to add bus and truck tyre capacity at its base in...

Manufacturing

Poland Industrial Production Recovers, Producer Prices Fall Further in Oct

Poland's industrial production expanded for the first time in nine months in October, while producer prices continued their falling trend,...

Deals

4iG Outlines Strategic Partnership With Rheinmetall

Listed Hungarian ICT company 4iG outlined its strategic partnership with Rheinmetall in a presentation to investors at the German defense...

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...