Industry

Automotive

Used Car Sales Rise 8% in October

Used car sales in Hungary rose 8.1% year-on-year to 73,700 in October, listings site JoAutok.hu said on Wednesday, citing figures...

Manufacturing

Moldova Industrial Output Rises in September

Moldova's industrial production increased 1.5% year-on-year in September, following an upwardly revised 0.1% rise in the previous month, web portal...

Retail

Sales of Collector’s Rarities Accelerate Vatera Black Friday Sales

Black Friday at Vatera between November 17-19 generated nearly 20% more sales than the company's Green Friday in 2022. In...

Deals

State Parts With 35% Stake in VIG’s Hungarian Business

State-owned Corvinus International Investment has signed a contract on the sale of a 35% stake in the local business of...

Deals

Minimum Wage Agreement Signed

An agreement reached days earlier by unions and employers associations on minimum wage rises was signed on Monday, the Economic...

Transport

Waberer’s Planning to Almost Double Profit by 2027

Listed Hungarian hauler Waberer's International forecasts its annual operating profit will rise from EUR 33 million in 2022 to EUR...

Retail

Hungarians Spending HUF 11,000 More This Christmas

Hungarians are planning to spend HUF 11,000 more at Christmas, and this year the price of the gift is less...

Retail

Black Friday Sales Brisk in 1st Hour

Retailer eMag kicked off its Black Friday sales at 7:10 a.m. today (Friday, Nov. 17), during the first hour of...

Deals

Employers, Unions Reach Minimum Wage Deal

Employers and unions reached an agreement on minimum wage rises at a forum yesterday, Minister of Economic Development Márton Nagy...

Automotive

Audi Hungaria’s Dintner Given Hungarian Order of Merit

Alfons Dintner, the chairman of Audi Hungaria, was presented with the Knights Cross of Hungarian Order of Merit by Minister...

Automotive

Half of Hungarians Use 16-plus Year Old Autos

Some 51% of Hungarian car owners use a car 16 years or older, which they bought for between HUF 1...

Retail

Online Price Platform Reduces Inflation by 0.4 pp

An online platform that monitors the prices of a broad range of food products at Hungary's biggest supermarket chains has...

Retail

Bulgaria Retail Sales Growth Marginally on Month in September

Retail sales in Bulgaria flattened year-on-year in September, the weakest performance since April, and following a 0.1% rise in August,...

Transport

Expansion of Debrecen Highway Completed

The expansion of highway number 33 to two lanes on the border of Debrecen (225 km east of Budapest), between...

Transport

Austrian Rail Development to Cut Time From Budapest to Vienna

The Austrian government plans to invest more than EUR 21 billion in railway development projects between 2024 and 2029, which...

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...