Industry

Retail

Media Markt Sanctioned for False Advertising

Hungary's Competition Office (GVH) on Wednesday announced it fined consumer electronics retailer Media Markt close to HUF 24 million for...

Automotive

Shell Study: 9 out of 10 Mechanics Grapple With Engine Deposits

In Hungary, 9 out of 10 auto mechanics experience problems resulting from performance-decreasing deposits on vital engine parts according to...

Manufacturing

Lithuania Industrial Output Shrinks in August

Industrial production in Lithuania fell 7.3% year-on-year in August, easing from an upwardly revised 9% fall in the previous month,...

Transport

Wizz Air Celebrates 2.5 Millionth Passenger Flying From Debrecen

Debrecen International Airport and Wizz Air have been flying together for more than 10 years, with now more than 2.5...

Automotive

Used Car Sales Rise Close to 3% in August

Used car sales in Hungary rose 2.9% year-on-year to 72,500 in August, listings site JoAutok.hu said on Monday, citing figures...

Manufacturing

Moldova Industrial Output Shrinks in July

Industrial production in Moldova shrank by 4% year-on-year in July, easing from a 10.5% drop in June, Tradingeconomics.com reported citing...

Retail

Poland August Retail Sales Fall on Year

Poland retail sales fell 2.7% year-on-year in August, the smallest decline in six months, figures from the country's Central Statistical...

Manufacturing

Hungary Tops out HUF 300 bln Munitions Complex

Hungary topped out a more than HUF 300 billion munitions manufacturing complex in Várpalota on Friday, according to a report...

Automotive

AutoWallis May Increase Planned Sales Due to Strong Performance

After the financial results of the past four record years, the company may increase its planned sales and business figures...

Retail

GLS Inaugurates 1,250th Parcel Terminal

Express delivery company GLS Hungary inaugurated its 1,250th parcel terminal on Thursday, according to a report by state news wire...

Automotive

New Car Registrations in Hungary Fall 10% in August

The number of new passenger car registrations in Hungary fell 10.4% year-on-year to 8,951 in August, data compiled by the...

Manufacturing

Liberty Steel, Cisdi Partner With Ministry on Dunaferr Decarbonization

Liberty Steel Group, China's Cisdi Engineering Company, and Hungary's Economic Development Ministry formed a partnership to prepare for the decarbonization...

Retail

Developers Close Price-monitoring Platform Loophole

Developers have closed a loophole that allowed supermarket chains to head a lowest-price ranking on a food price-monitoring platform even...

Retail

Albania Retail Sales Growth Speeds up in Q2

Albania's retail sales increased by a real 5.8% year-on-year in the second quarter of 2023, accelerating from a 4.7% growth...

Deals

Hungary Could Return to MotoGP, WorldSBK Calendar

Dorna Sports, which owns MotoGP rights, and the Hungarian Mobility Development Agency (Humda) are exploring race venues for the near...

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,...