Industry

Retail

Estonian Retail Sales Drop at Slower Pace in June

Estonian retail trade declined 8.1% year-on-year in June, following a 9.6% fall in the prior month, data from the Tallinn-based...

Retail

Online Price Comparison Site Draws 650,000 Visitors

An online platform that compares the food prices of Hungary's biggest supermarket chains has drawn around 650,000 visitors since its...

Manufacturing

Ganz to Focus More on Solar Power Development, Sustainability

Ganz Transformer and Electric Rotating Machines has initiated a program focused on significant optimization of energy sustainability within their transformer...

Retail

Slovenia Retail Sales Decline Further in June

Retail sales in Slovenia declined 15.7% year-on-year in June, falling further from an 13.4% drop in the previous month, the...

Retail

Lithuania Retail Sales Fall for 5th Month in June

Retail sales in Lithuania fell by 0.5% year-on-year in June, marking the fifth straight month of decline, from a downwardly...

Transport

Wizz Air Suspends Operations at Albania’s Kukes Airport

Hungarian low-cost carrier Wizz Air has suspended all of its flights to and from the Kukes airport in northern Albania...

Retail

Orbán Vows Crackdown on ‘Profiteering’ Supermarket Chains

Prime Minister Viktor Orbán said officials would escalate a crackdown on unjustified food price hikes at multinational supermarket chains in...

Deals

Montenegro Gov’t, 4iG Ink Partnership Deal

ICT company 4iG Group has signed a memorandum of understanding with the government of Montenegro regarding speeding up digital transition...

Manufacturing

Sunwoda Building HUF 580 bln Plant in Nyíregyháza

Chinese battery maker Sunwoda will build a HUF 580 billion plant in Nyíregyháza (240 km northeast of Budapest), Minister of...

Retail

Euronics Expects Decline in Demand

Despite market challenges, Euronics closed its 2022-2023 financial year with stable growth in turnover and an increase in its online...

Manufacturing

Bosnia Industrial Production Plunges in June

Industrial production in Bosnia and Herzegovina fell by 7.6% year-on-year in June 2023, extending a 1.9% drop in May, data...

Pharma

Kangaroo Care: Family Therapy for the Health of Premature Babies

In Hungary, approximately 8,000 infants were delivered prematurely or with a birth weight below average annually over the past decade....

Deals

World Aquatics Members Approve HQ Move to Budapest

The General Congress of World Aquatics, the world governing body for aquatics formerly known as Fina, approved a decision to...

Retail

Poland Annual Retail Sales Fall in June 

Poland's retail sales decreased for the fifth straight month in June, in line with expectations, figures from the Warsaw-based Central...

Manufacturing

Lithuania Industrial Production Expands in June 

Lithuania's industrial production expanded 5.6% year-on-year in June, accelerating from an upwardly revised 2.5% in the previous month, data from...

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...

Ryanair Adds 12th Budapest Aircraft and Eight Routes for Winter

Ryanair will base a 12th aircraft in Budapest for its winter 2026 schedule, operating 54 routes, including eight new connections,...

Michelin Celebrates 30th Anniversary of Presence in Hungary

Michelin celebrated the 30th anniversary of its presence in Hungary at an anniversary event at its Nyíregyháza facility (231 km...

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...