Industry

Automotive

Used Car Imports Over 9,000 in May

The number of imported used cars registered in Hungary reached 9,234 in May, climbing 13% from April, but falling 25%...

Manufacturing

Poland Manufacturing Downturn Eases in May

Poland's manufacturing contraction softened in May as supply chain conditions improved and price pressures eased to the greatest degree on...

Manufacturing

Szentkirályi Magyarország Inaugurates HUF 2.8 bln Bottling Line

Hungarian mineral water company Szentkirályi Magyarország inaugurated a HUF 2.8 bln PET bottling line at its base in Szentkirályi (92...

Deals

Wizz Air Participates in USD 50 mln Investment

Hungarian low-fare carrier Wizz Air this week said it has participated in a USD 50 million investment round in CleanJoule,...

Automotive

GreenTech Returns to ZalaZone for 4th Time to Talk Energy Matters

Sustainability conference GreenTech will hold its fourth annual conference on May 25-26. Returning to Hungary’s ZalaZone Vehicle Test Track, the...

Automotive

Continental’s Hungarian R&D Hubs Drive Cars Towards Safer Future

Continental Hungary is at the forefront of efforts to make driving safer, with several operations nationwide offering artificial intelligence-fueled software...

Automotive

The One-way Street of Continuous Self-Reinvention

As automotive whooshes semi-silently toward an electric future, stakeholders must keep pace with constantly changing market conditions and regulations. A...

Manufacturing

Coca-Cola HBC Hungary to Launch Biggest Investment Since 2007

Coca-Cola HBC Hungary is investing a total of around EUR 23 million to upgrade its production and logistics capacities in...

Retail

Serbia Retail Sales Fall in April

Serbia's retail sales decreased by a real 6.1% on the year in April, after falling by an annual 9.0% a...

Retail

Praktiker Sales Climb 13% in 2022

Sales revenue of Praktiker rose 13% to HUF 95.5 billion last year, the DIY chain said on Thursday, according to...

Automotive

Motorists Pay HUF 50,859 in Vehicle Insurance Premiums

Hungarian motorists paid HUF 50,859 for their annual compulsory vehicle insurance premium, on average, in the first quarter, 9% more...

Transport

Budapest Airport Closes 2022 in the Black

Budapest Airport achieved a profit last year after two years of record-breaking losses, managing to cut some of the accumulated...

Retail

Estonian Retail Sales Fall in April

Estonian retail trade dropped by 10.6% year-on-year in April, the eighth consecutive month of fall, following a 12.9% plunge in...

Pharma

High Demand for Hungarian Medicinal Herbs

The demand for Hungarian medicinal herbs is high, meaning the sector has significant development potential, and Hungary could be self-sufficient...

Retail

Lithuania Retail Sales Drop in April

Retail sales in Lithuania fell by 4.1% year-on-year in April, marking the third straight month of decline and easing slightly...

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...