Industry

Retail

Bulgaria Retail Sales up, Industrial Output Down in June

Retail sales in Bulgaria increased 2.4% year-on-year in June, accelerating from a 1.8% rise in the previous month, according to...

Manufacturing

Slovenia Industrial Output in June Falls on Year

Industrial production in Slovenia decreased 2.3% year-on-year in June, following an upwardly revised 2.2% drop in the previous month, data...

Retail

Prices of Monitoring Platform Products Fall 6.5%

Prices of products included on an online price-monitoring platform for food have fallen by 6.5% on average since the site's...

Automotive

Number of Vehicles With Green Plates Climbs Over 76,000

There were over 76,000 vehicles registered in Hungary with green number plates in July, up 21,000 from a year earlier,...

Transport

Previously Purchased BKK Tickets to Remain Valid Until Mid-2024

The price increase for BKK tickets will come in September, but the spokesperson of the transport center assured passengers that...

Retail

Penny Stores Now Accepting SZÉP Cards as Payment Method

As of August, customers can pay with their SZÉP cards in all 229 Hungarian units of Penny, the retail chain...

Manufacturing

Czech Industrial Output Expands Further in June

The Czech Republic's industrial production expanded for the fifth straight month in June on the back of strong manufacturing output,...

Pharma

Richter to Supply Active Ingredient for Mithra’s Estelle, Donesta

Hungarian pharmaceutical company Gedeon Richter on Tuesday announced that it signed a binding agreement to supply Belgian peer Mithra with...

Retail

Czech Annual Retail Sales Fall in June

The Czech Republic's retail sales declined for the fourteenth successive month in June, as sales of both food and non-food...

Retail

Watchdog Levies Max Fine on Slovakian Elf Bar Seller

Hungary's Competition Office (GVH) has fined Bensons Europe, a Slovakian business, close to HUF 39 million - the maximum allowed...

Manufacturing

Latvia Industrial Output Shrinks in June

Industrial production in Latvia decreased 5% year-on-year in June, improving from a downwardly revised 8.4% drop in May, figures from...

Manufacturing

Industrial Output Falls at Slower Pace in June

The output of Hungary's industrial sector fell 3.8% year-on-year in June, following a 6.7% decline in the previous month, state...

Manufacturing

Estonia Industrial Output Falls Further in June

Estonia's industrial production shrank at a slower pace of 12.6% year-on-year in June, from a 13.7% fall in the previous...

Retail

Prices of Monitoring Platform Products Fall 7.7%

Prices of products included on an online price-monitoring platform have fallen by 7.7% on average since the site's launch by...

Automotive

Denso Gears up to Tackle Shift to Electrification Head-on

The automotive sector in Hungary is being forced to adapt to the paradigm shift of electrification. Japanese-owned Denso offers an...

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...