Industry

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...

Retail

Jysk Revenue in Hungary Climbs 44%

Revenue in Hungary of Danish home furnishings chain Jysk rose 44% to over HUF 97 billion in the company's business...

Manufacturing

Ganz Celebrates 145 Years of Transformer Manufacturing

The Hungarian-owned Ganz Transformers and Electric Rotating Machines celebrates 145 years of its Electrotechnical Division this year....

Retail

Penny Works With Red Cross to Support Start of School

Penny has teamed up with the Hungarian Red Cross to facilitate the start of school for 300 children in need....

Pharma

CHMP Adopts Positive Opinion on Ryeqo for Treatment of Endometriosis

The Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has adopted a positive opinion...

Automotive

Automotive Industry Output up 14.4% y.o.y. in July

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

Deals

Egészsége-dreher! Brewery Invests for the Future

Like much of the local market, the venerable Hungarian beer producer Dreher is battling to recover from COVID and cope...

Retail

Price-monitoring Platform Shaves Over 0.5 pp off CPI

An online platform that monitors the prices of a broad range of food products at Hungary's biggest supermarket chains has...

Transport

Finding the Key to Mobility Solutions of the Future

The Budapest Business Journal talks with András Kárpáti, the president of Hungary’s Future Mobility Alliance, about sustainable corporate transport solutions,...

Retail

Nearly 200 Defrauded by Fake Online Store

Almost 200 people were defrauded by a man from Borsod (190 km northeast of Budapest) who created a fake online...

Deals

Taszár Airport Sold to Taiwanese Billionaire

The Hungarian military's airport in Taszár (180 km southwest of Budapest) has been bought by a company owned by a...

Manufacturing

Slovenia Industrial Output Continues to Fall in July

Industrial production in Slovenia tumbled 6.4% year-on-year in July, slipping further from a 2.3% fall in the prior month, data...

Manufacturing

Slovak Industrial Output Shrinks in July

Industrial production in Slovakia shrank 5.3% year-on-year in July, shifting from a 3.6% increase in the previous month, the Bratislava-based...

Automotive

Audi Launches HUF 1.5 bln Training Program at SCC in Hungary

German carmaker Audi is investing HUF 1.5 billion in a training program for some 500 staff of the Audi Ahead...

Retail

Aldi Promoting Domestic Meat Production With ‘Buy 1 Get 2!’ Offer

Supermarket chain Aldi, together with its suppliers, has just announced their "Buy one, get two!" offers on Hungarian-sourced ground pork...

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...

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...

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...