Industry

Automotive

AutoWallis Closes Q1 With Strong Results

The revenue of the AutoWallis Group, present in 15 countries in the region, has increased by 74% to HUF 100.5...

Deals

MOL to Acquire Szarvas Biogas Plant

Hungarian oil and gas company MOL on Friday said it signed an agreement to acquire the Szarvas Biogas Plant from...

Deals

Magnus Aircraft Signs CNY 65 mln Order

Hungary's Magnus Aircraft has signed a CNY 65 million order for 50 of its Fusion aircraft with China's Rizhao Wohe...

Deals

World Aquatics Signs Agreement on Moving HQ to Budapest

World Aquatics, the world governing body for aquatics, formerly known as Fina, will move its headquarters from Lausanne to Budapest,...

Transport

Wizz Air Launches Budapest-Antalya Route

Wizz Air has launched its first flight from Budapest to Antalya, Turkey. The route, which is the airline's fourth new...

Transport

China Eastern to Launch Ningbo-Budapest Flight

China Eastern will launch a direct passenger flight between Ningbo and Budapest from the middle of June, Minister of Foreign...

Manufacturing

Zalaegerszeg Renames Street ‘Rheinmetall út’

A street at the Zalaegerszeg plant of Rheinmetall Hungary Zrt., a joint venture co-owned by Rheinmetall and the Hungarian state,...

Retail

Poland Retail Sales Falls in April

Poland's retail sales decreased for the third straight month in April, though at a slightly slower-than-expected rate, figures from the...

Manufacturing

Schneider Electric Plows HUF 5.3 bln Into Hungarian Plant

France's Schneider Electric is investing HUF 5.3 bln at its base in Zalaegerszeg (182 km southwest of Budapest), plant director...

Automotive

Rába Closes Q1 With Profit of HUF 1 bln

Hungarian automotive industry company Rába booked a first-quarter profit of HUF 1 billion, an earnings report released after the closing...

Transport

Budapest Clears HUF 24 bln Loan for Public Transport Company

The Budapest municipal council approved a contract for HUF 24 billion in credit between the Budapest Public Transport Center (BKK)...

Manufacturing

Poland Industrial Output Falls in April

Poland's industrial production declined for the second straight month in April and at the steepest pace in almost three years,...

Retail

Hungarians Shopping for More Services Online

While there have been no significant changes in product categories over the past few years, adult Hungarians choose to shop...

Pharma

Richter to Sell Grunenthal Products in Brazil

Hungarian pharmaceutical company Gedeon Richter on Tuesday announced a deal to sell the women's healthcare products of German peer Grunenthal...

Manufacturing

Moldova Industrial Output Falls in March 

Industrial production in Moldova fell by 4.7% year-on-year in March, following a downwardly revised 3.2% drop in February, Trading Economics...

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...