Industry

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...

Manufacturing

Poland Factory Activity Contraction Slightly Eases in Sep

Poland's manufacturing Purchasing Managers' Index (PMI) edged up to 43.9 in September, slightly easing from a 10-month low of 43.1...

Deals

EC Clears Acquisition of Dunaferr by Liberty Steel

The European Commission on Tuesday approved the acquisition of sole control of Hungarian steel maker ISD Dunaferr and blast furnace...

Retail

Serbia Retail Sales Fall in August

Serbia's retail sales decreased by a real 1.5% year-on-year at constant prices in August, after falling by an annual 3.2%...

Transport

ÖBB Detaches Hungarian Direct Trains Due to Delays

ÖBB, the Austrian railway company, is to detach all Hungarian direct trains from the Western European network because of excessive...

Manufacturing

Thyssenkrupp Plans HUF 23 bln Expansion in Hungary

Germany's Thyssenkrupp plans a HUF 23 billion expansion at its camshaft and steering system plant in Jászfényszaru, Minister of Foreign...

Retail

Bosnia Retail Sales Rise in August

Retail sales in Bosnia and Herzegovina increased by 17.3% year-on-year in real terms in August, following an increase of the...

Automotive

Magyar Suzuki Turns out 500,000 S-Cross Models

The Hungarian unit of Japanese vehicle maker Suzuki has produced the 500,000th S-Cross model at its plant in Esztergom, Magyar...

Retail

Slovenia Retail Trade Drops Further in August

Retail sales in Slovenia dropped 21.5% year-on-year in August, accelerating from a downwardly revised 16.2% fall in the previous month...

Deals

Corvinus Uni, ExxonMobil Sign Cooperation Deal

Corvinus University of Budapest and ExxonMobil Hungary have signed a strategic agreement, the school said in a press release this...

Automotive

AutoWallis Green Investment Project Value Reaches HUF 3 bln

The AutoWallis Green Finance Committee has prepared its annual Green Bond Allocation and Impact Report on the use and environmental...

Automotive

Gebrüder Weiss Doubles Its Electric Fleet

Bálint Varga, CEO of Gebrüder Weiss Kft., signed an agreement for the procurement of an additional 10 e-vans with Dávid...

Manufacturing

Austria Manufacturing Downturn Deepens in September

Austria's manufacturing activity deteriorated at an accelerated pace in September as new orders declined the most in more than two...

Retail

Aldi Hungary Challenges HUF 123 mln Fine Over Advertising Claims

Aldi Magyarország is seeking a court review of a Hungarian Competition Authority (GVH) decision fining it HUF 123 mln for...

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...

Ryanair Adds 12th Budapest Aircraft and Eight Routes for Winter

Ryanair will base a 12th aircraft in Budapest for its winter 2026 schedule, operating 54 routes, including eight new connections,...

Michelin Celebrates 30th Anniversary of Presence in Hungary

Michelin celebrated the 30th anniversary of its presence in Hungary at an anniversary event at its Nyíregyháza facility (231 km...

Aldi Hungary Challenges HUF 123 mln Fine Over Advertising Claims

Aldi Magyarország is seeking a court review of a Hungarian Competition Authority (GVH) decision fining it HUF 123 mln for...

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...