Industry

Retail

Jysk Stores Opening in Solymár and Mór

Jysk, the Danish furniture retail chain, will expand locations by opening two new stores in Solymár and Mór....

Retail

Croatia Retail Trade Picks up in July

Croatia's retail sales volume rose by a real 2.9% year-on-year in July, following an increase of 2.2% in June, the...

Retail

Estonian Retail Sales Shrink in July

Estonian retail trade declined 8.6% year-on-year in July, slipping further from an 8.1% fall in the previous month, data from...

Manufacturing

Industrial Producer Prices up 1.3% y.o.y. in July

Industrial producer prices in Hungary were 1.3% higher on average in July 2023 compared to one year earlier....

Retail

Slovenia Retail Sales Continues to Fall in July

Slovenia retail sales declined 16.3% year-on-year in July, falling further from a 15.7% drop in the previous month, data from...

Automotive

10 Millionth Electric Steering System Completed at Bosch Maklár

The 10 millionth electric steering system was rolled out at Robert Bosch Automotive Steering in Maklár, one of the largest...

Retail

Latvia Retail Sales Down in July

Retail sales in Latvia shrank by 2.5% year-on-year in July, following an upwardly revised 2.4% fall in the prior month,...

Transport

Freight Volume Down 13% in Q2

Freight volume in Hungary fell 13% year-on-year to 68.1 million tonnes in the second quarter, data released by the Central...

Transport

Phase 1 of Railway Upgrade Around Debrecen Finished

Hungary inaugurated on Wednesday the first, HUF 65 billion phase of a railway infrastructure upgrade that will connect Debrecen's Northwest...

Retail

Lithuania Retail Sales Fall Further in July

Retail sales in Lithuania shrank by 1.6% year-on-year in July, after a 0.5% drop in the previous month, data from...

Transport

Bahart to Put New Ferries Into Service in December

Bahart, which operates ferry and pleasure boat service on Lake Balaton, expects to put two new ferries it is outfitting...

Manufacturing

Ganz Transformers Ends H1 With ‘Better Than Expected’ Results

Ganz Transformers and Electric Rotating Machines achieved a "better than expected" growth in the first half of 2023, according to...

Manufacturing

Bosnia Industrial Output up in July

Bosnia and Herzegovina's industrial production increased by 0.6% year-on-year on July, after a 7.6% decline in June, the Agency for...

Transport

Budapest Airport Registers Nearly 1.5 mln Passengers in July

July became the fifth month in a row when traffic exceeded one million passengers at Ferenc Liszt International Airport, according...

Retail

Ikea Introduces ‘Shop and Go’ in Hungary

Swedish ready-to-assemble furniture retailer Ikea launched its "Shop and Go" service at all of its three Budapest stores this month,...

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...

Automotive

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...

Retail

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...

Deals

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...

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...

Transport

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...

Automotive

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,...

Transport

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...

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...

Retail

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...

Pharma

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...

Pharma

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...

Retail

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...

Manufacturing

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...