Industry

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

Authorities Fine Retailers Over HUF 1 bln

Authorities have fined retailers more than HUF 1 billion for violating rules on price caps, government spokesperson Alexandra Szentkirályi said...

Automotive

Mercedes-Benz Hungary Unit Turnover Climbs to EUR 4 bln in 2022

Revenue of German car maker Mercedes-Benz's local unit rose to EUR 4 billion last year from EUR 3.1 bln in...

Automotive

AutoWallis Group Launches Campaign for Safe Driving

Wallis Motor, a member of the AutoWallis Group, has launched a campaign in partnership with the Budapest Police Headquarters to...

Deals

Indotek Acquires Shopping Centers in Spain

Budapest-based property company Indotek Group announced the acquisition of two shopping centers in Spain on Thursday, according to a report...

Manufacturing

Sensirion Adds Back-end Semiconductor Manufacturing at Hungary Plant

Switzerland's Sensirion is adding back-end manufacturing, the last step in semiconductor production, at its plant in Debrecen, Sensirion Hungary managing...

Deals

EC Approves MOL Acquisition of OMV Slovenija

The European Commission approved Hungarian oil and gas company MOL's acquisition of Slovenian peer OMV Slovenija this week, according to...

Automotive

Used Car Sales Edge Down 1% in April

Used car sales in Hungary slipped 1% year-on-year to 66,992 in April, listings site JoAutok.hu said on Thursday, citing figures...

Transport

Bicycle Insurance Difficult to Find

Although 40% of the Hungarian population uses bicycles at least weekly, it is still not easy to find insurance in...

Transport

Number of Direct Flights Between Hungary, China to Double

An agreement reached between Hungary and China will double the number of direct passenger and cargo flights between the two...

Retail

Online Retail Sales in Hungary Climb 10% in 2022

Online retail sales in Hungary rose 10% to gross HUF 1.323 trillion last year, research by consultancy GKID and Mastercard...

Transport

Over 300,000 Combined Public Transport Passes Sold

More than 300,000 monthly passes for all public transport in either a single county or the whole country have been...

Manufacturing

Automotive Industry Output up 23.5% in March

The output of the automotive industry, Hungary's biggest manufacturing sector, rose 23.5% year-on-year in March, according to a detailed data...

Manufacturing

Lithuania Producer Prices Fall in April 

Producer prices in Lithuania fell 0.3% year-on-year in April, reversing from an upwardly revised 6.8% increase in the previous month,...

Deals

MCC Acquires Stake in Private Int’l Uni in Vienna

Mathias Corvinus Collegium (MCC), an interdisciplinary educational institution that seeks to foster talent in the Carpathian Basin, has acquired a...

Manufacturing

Coca-Cola HBC Hungary Announces Record HUF 35 bln Expansion

Coca-Cola HBC Magyarország announced a HUF 35 bln investment to expand its Dunaharaszti production center on Wednesday, marking its largest...

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...

Coca-Cola HBC Hungary Announces Record HUF 35 bln Expansion

Coca-Cola HBC Magyarország announced a HUF 35 bln investment to expand its Dunaharaszti production center on Wednesday, marking its largest...

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...