Industry

Deals

Liberty Steel to Take Over Dunaferr Assets

Liberty Steel has submitted the winning offer in a procedure to sell the assets of troubled Hungarian peer Dunaferr which...

Manufacturing

Czech Industrial Output Rises Further in May

The Czech Republic's industrial production expanded a working-day adjusted 1.4% year-on-year in May, slightly faster than the 1.2% rebound in...

Manufacturing

Hell Energy to Build USD 211 mln Plant in Azerbaijan

Hungarian soft drink maker Hell Energy plans to build a USD 211 million plant in Azerbaijan with the cooperation of...

Automotive

Used Car Imports Over 9,200 in June

The number of imported used cars registered in Hungary reached 9,422 in June, edging up 2% from May, but falling...

Retail

Romania Retail Sales Rebound in May

Retail sales in Romania increased by an adjusted 2.7% year-on-year in May, recovering from an upwardly revised 0.5% fall in...

Retail

Slovak Annual Retail Sales Eases Further in May

Retail sales in Slovakia went down by 8.5% year-on-year in May, marking the fourth straight month of fall, although easing...

Deals

Trade of Shares of Civita Group Starts

Trade of shares of Civita Group, an agribusiness that makes gluten-free food products, started on the Budapest Stock Exchange on...

Automotive

BMW Group Boasts Double-digit Sales Growth in Hungary

BMW Group's sales of new BMW models in Hungary climbed 15% to 2,690 in the first half from the same...

Retail

Retail Sales in Hungary Down Significantly in May

In May 2023, the volume of sales in retail trade – along with a significant base effect - decreased by...

Manufacturing

Estonia Industrial Output Fall Sharply on Year in May

Estonia's industrial production continued its steep declining trend in May, though the pace of contraction softened from April, data from...

Retail

3/4 of Businesses Plan to Raise Prices Within 6 Months

Some 74% of domestic businesses plan to raise their retail prices in the next six months, according to a survey...

Transport

Wizz Air Launches Discount Club Light

Wizz Air has announced the launch of a new loyalty program called Wizz Discount Club Light, offering exclusive onboard discounts...

Manufacturing

Czech Manufacturing PMI at Over 3-year Low

Czech Republic manufacturing Purchasing Managers' Index (PMI) fell to 40.8 in June from 42.8 in the previous two month, survey...

Retail

Serbia Retail Sales Fall in May

Serbia's retail sales decreased by a real 6.2% year-on-year in May, after falling by an annual 6.1% a month earlier,...

Deals

ICT Consultancy Delaware to Invest HUF 2.7 bln in Hungary

Belgian-owned ICT consultancy Delaware will invest HUF 2.7 bln in an office in Debrecen, Minister of Foreign Affairs and Trade...

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...