Industry

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

EC Clears Richter Drug for Symptomatic Treatment of Endometriosis

The European Commission has approved Hungarian pharmaceutical company Gedeon Richter's drug RYEQO for tge treatment of endometriosis symptoms, Richter and...

Retail

E-commerce and Spending Power Concerns Continue to Constrain Retail Development

Retail and shopping center development remains constrained by the increasing use of e-commerce and concerns over spending power. There are...

Automotive

OMV Setting up 28 EV Chargers in Hungary

OMV Hungária Ásványolaj Kft. has announced that the company will start the setup of a network of 28 EV charging...

Transport

No Trains at Déli Pályaudvar This Weekend

Hungarian State Railways (MÁV) will not operate trains at Budapest's Déli Pályaudvar (Southern Railway Station) on the first weekend of...

Transport

Wizz Air’s 1st Direct Budapest-Cairo Flight Takes Off

Discount airline Wizz Air launched its first direct flight from Budapest to Cairo this week, according to a press release...

Automotive

BMW Inaugurates Training Center at Debrecen Plant

German automaker BMW inaugurated a training center at the EUR 1 billion factory it is building in Debrecen (225 km...

Manufacturing

Industrial Producer Prices Down 2.5% y.o.y. in September

Industrial producer prices in Hungary were 2.5% lower on average in September 2023 compared to one year earlier, according to...

Retail

Lithuania Retail Sales Fall in September

Lithuanian retail sales shrank by 3.4% year-on-year in September, slipping further from an upwardly revised 1.3% fall in the previous...

Retail

Latvia Retail Sales Drop in September

Retail sales in Latvia slid 4.1% year-on-year in September, a seventh consecutive decline, following a 2.7% drop in the prior...

Transport

Budapest Airport Registers Strong September Figures

September was a busy month at Ferenc Liszt International Airport, with some 1,366,005 passengers registered over the course of the...

Automotive

BKK Launches Public Procurement for 50 Electric Buses

The Budapest Transport Center (BKK) has launched a public procurement procedure for the operation of 50 new electric buses, according...

Automotive

Hungarian FDI Electrified by the Electric Vehicle Buzz

Hungary aims to harness the power of the e-transition by attracting the largest possible number of electric vehicle investments. Annual...

Manufacturing

Asahi to Invest HUF 100 bln at Dreher Brewery in Hungary

Japan's Asahi Group Holdings will plow HUF 100 billion into its Hungarian brewery, Dreher Sörgyarak, to expand capacity and boost...

Automotive

CATL Planning Carbon-neutral Production in Hungary

CATL aims to build a comprehensive battery production value chain that meets sustainability criteria in all respects, the company announced...

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...

Geely Leads Interest in Chinese Car Brands Newly Launched in Hungary

Geely attracted the most interest among Chinese car brands entering Hungary this year, according to January-September data from used car...

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,...