Industry

Manufacturing

Lithuania Industrial Output Shrinks in July

Lithuania's industrial production dropped 8.9% year-on-year in July, shifting from an upwardly revised 6.9% growth in the previous month, data...

Retail

Penny Pledges to Increase Domestic Suppliers

Discount supermarket chain Penny pledges to increase the use of domestic suppliers in the expanded range of own-brand Magyar Termék...

Automotive

H1 EV Orders up Despite Expected Downturn

The number of newly sold electric cars in Hungary exceeded 2,918, in the first six months of 2023, according to...

Manufacturing

Rheinmetall Officially Opens Factory in Zalaegerszeg

Rheinmetall officially opened its new factory in Zalaegerszeg (215 km southwest of Budapest) on Friday, according to a recent press...

Deals

Cofidis Hungary Relocating HQ to H2Offices

Cofidis Hungary, operating in Hungary’s consumer credit market, has chosen H2Offices as their new headquarters, according to a recent press...

Retail

GVH Fines Tesco HUF 7 mln

Hungary’s Competition Authority (GVH) has imposed a HUF 7 million fine on the Tesco supermarket chain, according to profitline.hu....

Transport

Passenger Transport Firm Fined HUF 10 mln for Unauthorized Lending

The National Bank of Hungary (MNB) on Thursday said it fined B&B Travel Személyszállító HUF 10 million for providing loans...

Manufacturing

Romania Industrial Output Falls at Softer Pace in June

Industrial production in Romania shrank 5.5% year-on-year in June after an upwardly revised 5.8% drop in May, figures from the...

Retail

NAV Finds Irregularities at Lakeside Inspections

This year, the auditors of the National Tax and Customs Administration (NAV) are again inspecting catering establishments, beach vendors and...

Retail

GVH Finds Minor Shortcomings in Tesco Follow-up Probe

Hungary's Competition Office (GVH) on Thursday said it conducted a follow-up probe of commitments made earlier by the local unit...

Transport

Next Gasoline Price Hike Coming Tomorrow

The wholesale price of both gasoline and diesel went up by seven forints per liter each on Wednesday, and the...

Manufacturing

IBM to Close Down Plant Near Capital

IBM will close down its plant making high-capacity storage devices in Vác, near the capital, relocating production to Mexico, the...

Automotive

Automotive Sector Output Growth Accelerates in June

The output of the automotive industry, Hungary's biggest manufacturing sector, rose 19.1% year-on-year in June, picking up from a 10.8%...

Transport

Single-Wagonload Subsidies Keep 7.2 mln t of Freight off Roads

Rail freight volume supported by government subsidies for single-wagonload transport has reached 7.2 million tonnes, state-owned railway company MÁV said...

Retail

Day-old Baked Goods Available at Half Price at Lidl

Baked goods have now also been included in the nationwide food rescue campaign at Lidl, the retail chain announced, according...

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...