Industry

Manufacturing

Denso Launches Inverter Production in Hungary

Japanese automotive components maker Denso started production of inverters for hybrid and electric vehicles at a EUR 30 million production...

Deals

Gov’t Signs Cooperation Deals With Haulage Companies

The Economic Development Ministry signed a cooperation agreement with hauler associations MKFE and NiT on Friday, according to a report...

Deals

Waberer’s Acquires 51% of Petrolsped

Waberer's International has signed an agreement to acquire a 51% stake in railway logistics company Petrolsped, the listed hauler said...

Transport

Nova Post Opens 1st Hungarian Branch

Ukrainian postal and courier company Nova Post opened its first Hungarian branch on Teréz körút in Budapest this week....

Retail

OMV Spar Express Stores Get 20 mln Shopping Visits a Year

October marked the 10th anniversary of the opening of the first OMV Spar express in Budapest, at the filling station...

Retail

Czech Republic Retail Sales Contract in September

Retail trade in the Czech Republic fell by 4% year-on-year in September, slipping further from a 2.8% decline in the...

Retail

Retail Sales Fall in September

In September 2023, the volume of sales in retail trade decreased by 7.8% according to raw data, and by 7.3%...

Pharma

Richter Q3 Earnings, Revenue Fall

Third-quarter net income of Hungarian pharmaceutical company Gedeon Richter fell 34% year-on-year to HUF 54.6 billion as revenue declined, net...

Automotive

Audi Launches Production of New E-motor Generation in Győr

German carmaker Audi launched the production of electric motors for its Premium Platform Electric (PPE) at the Audi Hungaria base...

Manufacturing

Czech Industrial Output Shrinks in September

Czech industrial production shrank for the third consecutive month to 5% year-on-year in September, slipping further from a 1.7% drop...

Manufacturing

Industrial Production Falls 5.8% y.o.y. in September

In September, industrial production volume in Hungary dropped by 7.3% year-on-year according to raw data, and by 5.8% y.o.y. according...

Manufacturing

Masterplast Announces Capital Raise at Glass Wool Plant JV

Listed Hungarian building materials maker Masterplast has announced a capital raise at a 50%-50% joint venture it has with Polish...

Manufacturing

Estonian Industrial Output Shrinks in September

Estonia's industrial production shrank 12.5% year-on-year in September, slipping further from an 11.9% fall in the previous month, figures from...

Transport

Budapest Airport Expects 16 mln Travelers Next Year

Balázs Bogáts, the deputy CEO of Budapest Airport, the operator of Ferenc Liszt International, talked about the future of Hungary's...

Deals

Gránit Bank Closes Acquisition of Controlling Stake in Diófa

Gránit Bank on Friday announced the close of its acquisition of a majority stake in fund manager Diofa, which has...

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...