Industry

Deals

MOL Refinances EUR 750 mln Revolving Credit Facility

Hungarian oil and gas company MOL has refinanced a EUR 750 million multicurrency revolving credit facility signed in 2017, the...

Manufacturing

Moldova Industrial Output Drops in August

Industrial production in Moldova decreased 0.1% year-on-year in August, easing from a 4% fall in the previous month, Trading Economics...

Manufacturing

Masterplast Books Q3 Loss

Listed building materials maker Masterplast had a third-quarter loss of EUR 598,000, amid weak demand and narrower margins, news wire...

Retail

Poland Retail Sales Fall Further in September

Poland's retail sales decreased for the eighth straight month in September, though at a slower pace, figures from the Warsaw-based...

Manufacturing

Lithuania Industrial Output Falls Further in September

Industrial production in Lithuania dropped 2.6% year-on-year in September, easing from a downwardly revised 7% fall in the previous month,...

Pharma

Egis Division to Develop, Produce Active Ingredients for Partners

French-owned Hungarian pharmaceutical company Egis Gyógyszergyár on Tuesday announced the launch of a new division to develop and produce active...

Deals

Garantiqa Signs InvestEU Guarantee Agreement

State-owned guarantor Garantiqa signed an agreement with the European Commission on Monday on InvestEU guarantees worth up to EUR 274...

Manufacturing

Poland Industrial Output Falls in September

Poland's industrial output slipped by 3.1% year-on-year in September, accelerating from a downwardly revised 1.9% decrease in the prior month,...

Manufacturing

Aeroplex Building Component Repair Plant Near Ferenc Liszt Int’l

State-owned aircraft maintenance company Aeroplex of Central Europe is building a close to EUR 5 million component repair plant in...

Automotive

Gov’t Launching HUF 60 bln EV Program

The government will launch a HUF 60 billion program in November to put more electric vehicles on Hungary's roads, Minister...

Automotive

New Car Registrations in Hungary Slip 3% in September

The number of new passenger car registrations in Hungary fell 3.1% year-on-year to 9,123 in September, news agency MTI reports,...

Deals

MOL, Miskolc Uni Sign 3-year Agreement

MOL and the University of Miskolc signed a three-year strategic cooperation agreement, according to hrportal.hu....

Automotive

Used Car Sales Rise Close to 6% in September

Used car sales in Hungary rose 5.8% year-on-year to 70,900 in September, listings site JoAutok.hu said on Friday, citing figures...

Automotive

Rába Shareholders to Vote on Property Sale

Shareholders of listed automotive industry company Raba will vote on the sale of a large piece of real estate no...

Manufacturing

Construction of Ganz’s Solar Park in Tápiószele Starts

The construction of a 2 MW solar park of Ganz Transformers and Electric Rotating machines in Tápiószele has officially started,...

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,...