Industry

Automotive

Hungary to Launch HUF 60 bln EV Subsidy Scheme

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

Automotive

AutoWallis Launching Own Carsharing Brand Replacing Share Now

Wallis Autómegosztó will launch its own carsharing service under the wigo brand on October 24. On that day, Share Now...

Deals

Hungary Signs Cooperation Agreement With ICBC

Economic Development Minister Márton Nagy signed a cooperation agreement with Industrial and Commercial Bank of China (ICBC) CEO Liao Lin...

Automotive

BYD Launches Sales in Hungary

Chinese electric vehicle and battery maker BYD yesterday announced the launch of sales in Hungary, according to autopro.hu....

Retail

14 Stop Shop Parks Added to CPI Hungary’s Retail Portfolio

CPI Hungary now has a retail portfolio of 275,000 square meters, with 65 million visitors annually. Besides shopping centers like...

Pharma

Call for Greater Efficiency, Transparency, Predictability for Hungary’s Pharma Sector

50 guests drawn from across the pharmaceutical sector attended the inaugural Pharma CEO Breakfast event at the Anantara New York...

Automotive

Automotive Industry Output up 4.6% y.o.y. in August 

The output of the automotive industry, Hungary's most significant manufacturing sector, rose 4.6% year-on-year in August, slowing from a 14.4%...

Automotive

AutoWallis Publishes 2022 Sustainability Report

AutoWallis has published its Sustainability Report on the year 2022. According to the report, the company managed to outperform the...

Automotive

AutoWallis Navigates Global Shifts in Balancing Growth and Chinese Competitors

The AutoWallis Group’s public investor day revealed that, despite promising data and “robust growth,” the industry cannot ignore the advance...

Retail

DKSZ Helping Hungarian E-merchants Conquer Int’l Markets

The Digital Commerce Association (DKSZ), an organization looking to help Hungarian e-merchants expand abroad, is officially launching its unique, free-of-charge,...

Manufacturing

Slovenia Industrial Output Drops in August 

Industrial production in Slovenia plunged 12.4% year-on-year in August, extending the downwardly revised 7% decrease in the previous month, data...

Manufacturing

Slovakia Industrial Output Rebounds in August

Industrial production in Slovakia grew 4.6% year-on-year in August, shifting from a 5.3% contraction in the previous month, figures from...

Pharma

Hungary Orders 300,000 of Latest COVID Vaccine

Hungary has ordered 300,000 doses of COVID-19 vaccine from the quota reserved for the European Union, virologist Miklós Rusvai told...

Manufacturing

Czech Industrial Production Falls at Slower Pace in August

Czech industrial production posted a slower decline in August, figures from the Czech Statistical Office (CZSO) showed on Monday....

Deals

Gov’t Privatizing Stake in MÁV Vagon

The government has decided to sell around 75% of MÁV Vagon, the rolling stock maintenance and manufacturing unit of the...

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,...