Industry

Retail

Hungary Inflation Falls to 12.2% in September

Consumer prices in Hungary were 12.2% higher on average in September 2023 than a year earlier, according to data published...

Retail

Czech Retail Sales Continue to Shrink in August

Retail trade in the Czech Republic declined 2.8% year-on-year in August, slipping further from an upwardly revised 2.1% fall in...

Deals

Waberer’s Acquiring 55% Stake in MD International

Listed Hungarian hauler Waberer's International on Friday announced its wholly-owned unit WSZL signed an agreement to acquire a 55% stake...

Manufacturing

Industrial Production Falls in August

The volume of industrial production dropped in August 2023 by 5.3% year-on-year. Based on working-day-adjusted data, production declined by 6.1%,...

Transport

Wizz Air Suspends Hungary-Israel Flights

Wizz Air has suspended flights between Hungary and Tel Aviv because of the escalation of the conflict in Israel, the...

Retail

Traditional Stores Still More Popular Than Online Shops

The rise of e-commerce solutions has led many in the retail industry to believe that traditional stores are on the...

Automotive

AutoWallis Becomes Regional MG Parts Distribution Partner

Saic Motor and the AutoWallis Group have entered into an agreement making the Hungarian company MG’s vehicle parts distribution partner...

Retail

Romania Retail Sales Slightly up in August

Retail sales in Romania rose 1.1% year-on-year in August, easing from an upwardly revised 1.4% increase in the previous month,...

Deals

Roche, University of Pécs Sign Cooperation Deal

One of the world's largest biotechnology companies and Hungary's oldest university signed a cooperation agreement in Pécs on Wednesday. The...

Retail

Slovak Retail Trade Shrinks Less in August

Retail sales in Slovakia fell by 2.1% year-on-year in August, easing from a 4.4% plunge in the prior month, data...

Manufacturing

Estonian Industrial Output Shrinks at Faster Pace in August

Estonia's industrial production dropped 11.9% year-on-year in August, following a 9.5% fall in the prior month, data from the Tallinn-based...

Deals

State Selling Stake in Magyar Posta Life Insurance Units

State-owned Corvinus International Investment has launched the sale of its 66.9% stakes in the life and general insurance units of...

Retail

Retail Sales Down 7.1% y.o.y. in August

In August 2023, retail sales in Hungary decreased by 7% according to raw data, and by 7.1% when adjusted for...

Deals

4iG Signs MoU With Telecom Egypt on Submarine Cable

Listed Hungarian ICT company 4iG signed a memorandum of understanding with Telecom Egypt on the construction of a high-capacity submarine...

Manufacturing

Czech Manufacturing Contraction Continues in September

The Czech Republic's manufacturing sector continued its diminishing trend in September amid marked declines in output and new orders, survey...

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,...