Industry

Retail

Aldi Reducing Dairy Prices

Aldi Hungary will permanently reduce the price of every third dairy product, the German-based discount chain announced yesterday morning, according...

Deals

Mathias Corvinus Collegium Acquires Controlling Stake in Libri

A subsidiary of Mathias Corvinus Collegium (MCC), an interdisciplinary educational institution that seeks to foster talent in the Carpathian Basin,...

Manufacturing

Slovenia’s Industrial Output Declines in April

Slovenia's industrial production decreased 8.8% year-on-year in April, after a 5.5% annual decline in March, figures from the Ljubljana-based Statistics...

Deals

Flavor, Fragrance Company Turpaz Acquires Hungarian Peer

Israeli flavor and fragrance company Turpaz Industries has signed an agreement to acquire 60% of the shares of Hungarian peer...

Automotive

Rolls-Royce Making HUF 6.9 bln R&D Investment in Hungary

U.K. industrial technology company Rolls-Royce is investing HUF 6.9 billion in a research and development project in Hungary, Minister of...

Deals

TritonLife Opens HUF 3 bln Hospital in Miskolc

Hungarian-owned private healthcare provider TritonLife announced the opening of a HUF 3 billion hospital in Miskolc (185 km northeast of...

Deals

Masterplast Sets up JV with Market Épitő

Listed Hungarian building materials maker Masterplast on Friday said it acquired a 50% stake in a joint venture with local...

Deals

Gloster Acquires P92 IT Solutions

Listed IT company Gloster announced the acquisition of Hungarian software company P92 IT Solutions on Friday, according to a report...

Retail

Czech Retail Sales Continue to Fall in April

Retail trade in the Czech Republic slumped by 7.7% year-on-year in April, following an 8.1% drop in the previous month,...

Retail

Slovak Retail Sales Drop in April

Retail sales in Slovakia fell 10.1% year-on-year in April, the largest contraction since February 2021, following a 6% fall in...

Manufacturing

Industrial Production Declines in April

The volume of industrial production dropped in April 2023 by 8.3% year-on-year in Hungary, according to data published by the...

Manufacturing

Latvia Industrial Output Falls Further in April

Industrial production in Latvia plunged 7% year-on-year in April, extending a 6.3% drop in March and logging the fifth consecutive...

Automotive

Dana to Invest HUF 36 bln in Capacity Expansion in Hungary

U.S.-based automotive industry supplier Dana is investing HUF 36 billion at its base in Győr (108 km northwest of Budapest),...

Manufacturing

Estonian Industrial Output Shrinks in April

Estonia's industrial production shrank 15.1% year-on-year in April, following an upwardly revised 12.7% fall in the previous month, figures released...

Retail

Retail Sales in Hungary Down 12.6% y.o.y. in April

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

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...